Mercantile Bank Corporation

MBWMNASDAQFinancial Services● Active

$53.03

+$0.29(+0.55%)

Market Cap$916060106

P/E Ratio—

52W High$55.77

52W Low$42.17

Avg Volume117K

Open$52.69

Beta0.83

Cash on Hand Financials Revenue

Mercantile Bank Corporation (MBWM) Cash on Hand — Cash & Short-Term Investments

Cash & cash equivalents plus short-term investments from the balance sheet, YoY change, and net cash vs debt context.

MBWM · cash on hand · updated Dec 31, 2025

Core cash position

as of Dec 31, 2025

Cash & Short-Term Investments (CCE + ST Investments)

$1.58B▲ +40.3% vs prior year

FY · as of Dec 31, 2025 · Reported in USD

Cash & Cash Equiv. (CCE)

$473.3M

cashAndCashEquivalents

Short-Term Investments

$1.10B

shortTermInvestments

YoY Change vs Prior Year

+40.3%

vs prior fiscal year

Latest Quarter

$48.4M

Q2 2026

Data Scope & Methodology

Cash on Hand = Cash & Cash Equivalents (CCE) + Short-Term Investments, as reported on the balance sheet (10-K/10-Q). Also referred to as cash reserves or cash position. Not free cash flow.

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · Reported in USD

Source: FMP /balance-sheet-statement · SEC 10-K / 10-Q · USDUpdated: December 31, 2025

Net cash vs debt

Cash vs Debt · Balance Sheet Health

Cash & ST Investments$1.58BCash on Hand

Total Debt$825.9MTotal Debt

Net Cash / Net Debt+$749.7MNet Cash Position

Cash vs Debt Ratio

Cash 66%Mercantile Bank Corporation cash as % of market cap: 171.99%% · MCap $1BDebt 34%

Mercantile Bank Corporation has a net cash position of $749.7M, holding more cash than debt.

Net Cash = Cash & ST Investments − Total Debt$1.58B − $825.9M = +$749.7M

Cash on hand history

annual cash on hand trend · Cash & Short-Term Investments

YoY Increase

YoY Decrease

Latest Year

MBWM annual cash on hand history · Cash & Short-Term Investments · Source: FMP /balance-sheet-statement

Annual cash on hand by year

MBWM cash & short-term investments history

DatePeriodCash & ST InvestmentsYoY Change

Dec 31, 2025LatestFY$1.58B+40.3%

Dec 31, 2024FY$1.12B+50.3%

Dec 31, 2023FY$747.6M+6.8%

Dec 31, 2022FY$699.7M-55.4%

Dec 31, 2021FY$1.57B+54.7%

MBWM cash on hand annual historical data · Cash & Short-Term Investments per balance sheet (10-K/10-Q) · Reported in USD · Source: FMP /balance-sheet-statement

Financial Services Sector Cash Reserves Comparison

MBWM vs peers · cash on hand

#CompanyCash & ST Inv.Market CapCash/MCapRelative

Berkshire Hathaway Inc.

Mastercard Incorporated

$10.90B$429B2.5%

Mercantile Bank CorporationYOU

MBWM

$1.58B$917M171.7%

Financial Services sector cash reserves · Source: FMP /balance-sheet-statement + /profile · Sorted by Cash desccompanies with most cash on hand →

About cash on hand & methodology

Mercantile Bank Corporation (MBWM) cash on hand as of December 31, 2025 is $1.58B, comprising $473.3M in cash and cash equivalents (CCE) plus $1.10B in short-term investments — reported as Mercantile Bank Corporation cash and short-term investments on the balance sheet (10-K filing). Also referred to as Mercantile Bank Corporation cash reserves or cash position.

Mercantile Bank Corporation annual cash on hand history shows increased +40.3% in 2025: increased +40.3% in 2025. Mercantile Bank Corporation cash reserves in 2025 reflect the company's capital allocation strategy.

Mercantile Bank Corporation carries total debt of $825.9M against cash of $1.58B, resulting in a net cash position of +$749.7M. For the full balance sheet, see the Financials → Balance Sheet tab.

Figures tie to SEC 10-K/10-Q balance sheet disclosures and FMP /balance-sheet-statement where noted.

Financial statements Free cash flow Net income Revenue Market cap P/E ratio Earnings Price history

Frequently asked questions

MBWM cash on hand · 5 questions

As of December 31, 2025, Mercantile Bank Corporation (MBWM) has $1.58B in cash on hand — defined as cash and short-term investments on the balance sheet. This includes $473,324,000 in cash and cash equivalents (CCE) plus $1.10B in short-term investments. Latest quarter (April 21, 2026): $48,431,000. Data sourced from the annual 10-K filing via FMP.

MBWM cash on handMBWM cash reservesMBWM cash 2025how much cash does MBWM have

▸ Source: FMP /balance-sheet-statement · US GAAP · Mercantile Bank Corporation · Mercantile Bank Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: December 31, 2025