| Annual · values | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — | — | — |
| EBITDA Margin | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Margin | 36.58% | 34.39% | 36.43% | 32.08% | 32.93% | 26.36% | 31.23% | 29.60% | 24.91% | 26.94% | 24.05% | 19.45% |
| Current Ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt / Equity | 0.69 | 0.90 | 1.16 | 1.01 | 1.09 | 1.00 | — | — | — | — | — | — |
| ROE | 12.24% | 13.62% | 15.75% | 13.83% | 12.93% | 10.00% | 11.87% | 11.20% | 8.55% | 9.36% | 8.09% | 5.28% |
| ROA | 1.30% | 1.32% | 1.54% | 1.25% | 1.12% | 0.99% | 1.36% | 1.25% | 0.95% | 1.04% | 0.93% | 0.60% |
| Asset Turnover | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Book Value / Share | 44.64 | 36.24 | 32.60 | 27.83 | 28.56 | 27.14 | 25.39 | 22.60 | 22.19 | 20.89 | 20.06 | 24.23 |
Mercantile Bank Corporation is a regional bank holding company providing a comprehensive range of banking products and services primarily in Michigan. Established to facilitate personal and business financial growth, the company offers traditional banking solutions such as checking and savings accounts, lending options, and investment services. They also provide treasury and wealth management services aimed at supporting both small to mid-sized businesses and individual clients. Highlighting community-focused banking, Mercantile Bank Corporation plays a pivotal role in local economic development by offering tailored loan products, including real estate financing and commercial loans. The bank's commitment to technological advancements is evident in its digital banking platform, which offers online and mobile banking services for enhanced customer convenience. By blending personalized customer service with modern banking solutions, Mercantile Bank Corporation has cemented its position as a cornerstone in the financial markets of its operational region, supporting local businesses and individuals in achieving their financial goals.