Company / Goodwill
MERCANTILE BANK CORP Goodwill History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Goodwill
$72.7M
FY2025
5-year range
$49.5M / $72.7M
FY2021-FY2025
Trend
+46.9%
vs FY2024
Sector context
#249 of 313
Financials
What the data says
MERCANTILE BANK CORP's goodwill of $73M is lower than 80% of companies in the Financials sector (FY2025). Improved from $49M to $73M over the past 2 years.
Based on SEC 10-K filings.
$73M in FY2025 with a 5-year CAGR of +8.0%.
Improved from $49M to $73M over the past 2 years.
Financials sector context is included.
Goodwill over time
Growth rates
- 3-Year CAGR
- +13.7%
- 5-Year CAGR
- +8.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 20% in FinancialsTop 80% of 313This company $72.7M Sector average $3.0B
▼
-97.6% below sector average
Key checks
Key Insights
- 5-year CAGR of +8.0%, indicating consistent growth.
- In FY2025, goodwill increased 46.9% year-over-year.
- Ranks #249 out of 313 companies in the Financials sector.
- Lowest goodwill in the period was in FY2024.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | GoodwillValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $72.7M | +46.9% |
| FY2024 | $49.5M | +0.0% |
| FY2023 | $49.5M | +0.0% |
| FY2022 | $49.5M | +0.0% |
| FY2021 | $49.5M | +0.0% |
| FY2020 | $49.5M | +0.0% |
| FY2019 | $49.5M | +0.0% |
| FY2018 | $49.5M | +0.0% |
| FY2017 | $49.5M | +0.0% |
| FY2016 | $49.5M | +0.0% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026