Mercantile Bank Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2026 to a ratio of 0.06, above the company average. This is a clear sign of healthy business climate in the Regional Banks industry and improving liquidity at their respective customers, during the second quarter 2026. Average receivable collection period, for the Mercantile Bank in Jun 30 2026 quarter, has decreased to 6083 days, compared to 7300 days, in the Mar 31 2026 quarter.

If we take a look into Financial sector 598 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Jun 30 2026 from 3443 to 3521.

What is Receivable Turnover Ratio?
What is Mercantile Bank Corporation Selling?

What is Receivable Turnover Ratio?

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MBWM Receivables Turnover Ratio	(Jun 30 2026) II. Quarter	(Mar 31 2026) I. Quarter	(Dec 31 2025) IV. Quarter	(Sep 30 2025) III. Quarter	(Jun 30 2025) II. Quarter
Y / Y Receivable Change	4.75 %	3.93 %	4.78 %	1.33 %	5.86 %
Y / Y Revenue Change	18.9 %	25.82 %	10.06 %	9.38 %	11.43 %
Receivable Turnover Ratio (TTM)	0.06	0.05	0.05	0.05	0.05
MBWM's Total Ranking	# 3521	# 3443	# 3162	# 3182	# 2918
Accounts Receivable average collection period days	6524	6733	7065	7153	7297
Seq. Receivable Change	2.1 %	-0.08 %	4.56 %	-1.8 %	1.3 %
Seq. Revenue Change	1.68 %	10.54 %	0.93 %	4.8 %	7.6 %

Receivable Turnover Company Ranking
Within:	No.
Regional Banks Industry	# 79
Financial Sector	# 599
Overall Market	# 3521

Receivable Turnover Ratio Statistics
High	Average	Low
0.04	0.04	0.03
(Dec 31 2013)		(Jun 30 2022)

MBWM Company Profile • Back to MBWM Efficiency Comparisons • Compare MBWM Receivables Turnover Ratio to its Competitors

Financial Statements
Mercantile Bank's Accounts Receivable	$ 4,860 Millions	Visit MBWM's Balance sheet
Mercantile Bank's Sales TTM	$ 265 Millions	Visit MBWM's Income Statement
Sources of MBWM's Revenues		Visit MBWM's Sales by Geography

Other Accounts Receivable Turnover Ratios
Regional Banks Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MBWM's Receivable Turnover Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2026, within Financial Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2026	Receivable at quarter ending Jun 30 2026
Ha Sustainable Infrastructure Capital Inc	0.13	$ 462.892 Millions	$ 3,501.778 Millions
Manhattan Bridge Capital Inc	0.13	$ 8.150 Millions	$ 62.961 Millions
Invesco Db Energy Fund	0.13	$ 1.245 Millions	$ 9.835 Millions
Invesco Db Commodity Index Tracking Fund	0.12	$ 24.187 Millions	$ 198.686 Millions
Peoples Financial Corporation	0.10	$ 27.251 Millions	$ 263.929 Millions
Invesco Db Precious Metals Fund	0.10	$ 5.091 Millions	$ 52.438 Millions
Park National Corporation	0.10	$ 646.716 Millions	$ 6,787.536 Millions
Bancfirst Corporation	0.08	$ 713.243 Millions	$ 8,406.212 Millions
Uwharrie Capital Corp	0.08	$ 53.060 Millions	$ 688.088 Millions
Landmark Bancorp Inc	0.07	$ 72.392 Millions	$ 1,094.603 Millions
Inpoint Commercial Real Estate Income Inc	0.06	$ 21.975 Millions	$ 339.359 Millions
Nbt Bancorp Inc	0.06	$ 723.808 Millions	$ 11,560.977 Millions
Wilson Bank Holding Co	0.06	$ 269.311 Millions	$ 4,342.416 Millions
National Bankshares Inc	0.06	$ 60.564 Millions	$ 996.375 Millions
Bv Financial Inc	0.06	$ 43.353 Millions	$ 730.160 Millions
First Mid Bancshares Inc	0.06	$ 373.360 Millions	$ 6,342.512 Millions
Community Trust Bancorp Inc	0.06	$ 287.048 Millions	$ 4,896.714 Millions
Csb Bancorp Inc	0.06	$ 47.906 Millions	$ 828.950 Millions
Choiceone Financial Services Inc	0.06	$ 170.221 Millions	$ 2,982.641 Millions
Optimumbank Holdings Inc	0.06	$ 56.891 Millions	$ 1,010.337 Millions
Mercantile Bank Corporation	0.06	$ 264.906 Millions	$ 4,740.327 Millions
Banc Of California Inc	0.06	$ 1,016.107 Millions	$ 18,261.972 Millions
Fulton Financial Corp	0.06	$ 1,333.515 Millions	$ 24,224.056 Millions
First Commonwealth Financial Corp	0.05	$ 508.901 Millions	$ 9,403.650 Millions
Lake Shore Bancorp Inc	0.05	$ 29.954 Millions	$ 555.757 Millions
Bank Of Hawaii Corporation	0.05	$ 751.161 Millions	$ 13,998.391 Millions
Ohio Valley Banc Corp	0.05	$ 62.439 Millions	$ 1,183.747 Millions
Community Ban corp	0.05	$ 50.313 Millions	$ 962.438 Millions
Mainstreet Bancshares Inc	0.05	$ 72.367 Millions	$ 1,391.944 Millions
River Financial Corporation	0.05	$ 139.587 Millions	$ 2,696.589 Millions

Date modified: 2026-09-05T07:00:26+00:00

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