Mercantile Bank Corporation (MBWM) - Total Assets
Based on the latest financial reports, Mercantile Bank Corporation (MBWM) holds total assets worth $6.95 Billion USD as of March 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore MBWM cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Mercantile Bank Corporation - Total Assets Trend (1998–2025)
This chart illustrates how Mercantile Bank Corporation's total assets have evolved over time, based on quarterly financial data. See Mercantile Bank Corporation (MBWM) net assets for net asset value and shareholders' equity analysis.
Mercantile Bank Corporation - Asset Composition Analysis
Current Asset Composition (December 2025)
Mercantile Bank Corporation's total assets of $6.95 Billion consist of 23.1% current assets and 77.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 6.9% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $20.39 Million | 0.3% |
| Goodwill | $72.66 Million | 1.1% |
Asset Composition Trend (1998–2025)
This chart illustrates how Mercantile Bank Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see MBWM company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Mercantile Bank Corporation's current assets represent 23.1% of total assets in 2025, a decrease from 99.1% in 1998.
- Cash Position: Cash and equivalents constituted 6.9% of total assets in 2025, up from 3.0% in 1998.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 1998.
- Asset Diversification: The largest asset category is goodwill at 1.1% of total assets.
Mercantile Bank Corporation Competitors by Total Assets
Key competitors of Mercantile Bank Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Deutsche Bank Aktiengesellschaft
F:DBK
|
Germany | €1.48 Trillion |
|
Regions Financial Corporation
NYSE:RF
|
USA | $160.74 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
China | CN¥2.44 Trillion |
|
Banco Santander Chile
SN:BSANTANDER
|
Chile | CL$69.90 Trillion |
|
Grupo Financiero Inbursa S.A.B. de C.V
MX:GFINBURO
|
Mexico | MX$860.26 Billion |
|
SpareBank 1 Sør-Norge ASA
OL:SB1NO
|
Norway | Nkr519.43 Billion |
|
Synovus Financial Corp
NYSE:SNV
|
USA | $60.49 Billion |
|
Bank of Queensland Ltd
AU:BOQ
|
Australia | AU$98.30 Billion |
Mercantile Bank Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.22 | 0.18 | 0.33 |
| Quick Ratio | 0.22 | 0.18 | 0.33 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-171.08 Million | $-4.06 Billion | $-2.60 Billion |
Mercantile Bank Corporation - Advanced Valuation Insights
This section examines the relationship between Mercantile Bank Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.26 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | 12.9% |
| Total Assets | $6.84 Billion |
| Market Capitalization | $930.92 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mercantile Bank Corporation's assets below their book value (0.14x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Mercantile Bank Corporation's assets grew by 12.9% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Mercantile Bank Corporation (1998–2025)
The table below shows the annual total assets of Mercantile Bank Corporation from 1998 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $6.84 Billion | +12.94% |
| 2024-12-31 | $6.05 Billion | +13.06% |
| 2023-12-31 | $5.35 Billion | +9.86% |
| 2022-12-31 | $4.87 Billion | -7.32% |
| 2021-12-31 | $5.26 Billion | +18.49% |
| 2020-12-31 | $4.44 Billion | +22.14% |
| 2019-12-31 | $3.63 Billion | +8.00% |
| 2018-12-31 | $3.36 Billion | +2.35% |
| 2017-12-31 | $3.29 Billion | +6.62% |
| 2016-12-31 | $3.08 Billion | +6.17% |
| 2015-12-31 | $2.90 Billion | +0.35% |
| 2014-12-31 | $2.89 Billion | +102.76% |
| 2013-12-31 | $1.43 Billion | +0.28% |
| 2012-12-31 | $1.42 Billion | -0.72% |
| 2011-12-31 | $1.43 Billion | -12.20% |
| 2010-12-31 | $1.63 Billion | -14.36% |
| 2009-12-31 | $1.91 Billion | -13.67% |
| 2008-12-31 | $2.21 Billion | +4.08% |
| 2007-12-31 | $2.12 Billion | +2.62% |
| 2006-12-31 | $2.07 Billion | +12.46% |
| 2005-12-31 | $1.84 Billion | +19.67% |
| 2004-12-31 | $1.54 Billion | +27.71% |
| 2003-12-31 | $1.20 Billion | +30.48% |
| 2002-12-31 | $921.86 Million | +31.94% |
| 2001-12-31 | $698.68 Million | +36.26% |
| 2000-12-31 | $512.75 Million | +39.33% |
| 1999-12-31 | $368.00 Million | +70.18% |
| 1998-12-31 | $216.24 Million | -- |
About Mercantile Bank Corporation
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. The company accepts various deposit products, such as checking, savings, and term certificate accounts; time deposits; and certificates of deposit. It also provides commercial and indust… Read more