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Mercantile Bank Corp balance sheet

At the end of fiscal 2025, Mercantile Bank Corp had total assets of $6.84bn, total liabilities of $6.11bn and shareholders' equity of $725m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents226476136——————————————
Goodwill————049494949494949494949497374
Total assets—1,6321,4331,4231,4272,8932,9043,0833,2873,3643,6334,4375,2584,8735,3536,0526,8357,163
Total debt000000000000000000
Total liabilities—1,5061,2681,2761,2742,5652,5702,7422,9212,9893,2163,9964,8014,4314,8315,4686,1106,419
Shareholders' equity140126165147153328334341366375417442457441522585725744
Shares outstanding—9m9m9m9m—16m16m17m17m16m16m16m16m16m16m17m17m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Mercantile Bank Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mercantile Bank Corp.