Mercantile Bank Corporation (MBWM) Income Statement Analysis - Revenue, Earnings & Profitability Metrics - Stocknear
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    Mercantile Bank Corporati...

    NASDAQ: MBWM · Real-Time Price · USD
    45.76
    -0.30 (-0.65%)
    At close: Sep 25, 2025, 3:59 PM
    45.76
    0.00%
    After-hours: Sep 25, 2025, 04:18 PM EDT

    Mercantile Bank Income Statement

    Financials in USD. Fiscal year is January - December.

    undefined peaked at n/a in undefined and hit its lowest at n/a in undefined. Over the past five years, it has declined by undefined%.

    Fiscal Year FY 2024 FY 2023 FY 2022 FY 2021
    Period Ending Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
    Revenue
    		 361.89M 303.5M 213.92M 198.66M
    Cost of Revenue
    		 137.82M 85.51M 30.14M 15.13M
    Gross Profit
    		 224.07M 217.99M 183.77M 183.52M
    Operating Income
    		 98.29M 102.7M 75.79M 73.72M
    Interest Income
    		 321.5M 271.36M 181.84M 143.49M
    Pretax Income
    		 98.29M 102.7M 75.79M 73.72M
    Net Income
    		 79.59M 82.22M 61.06M 59.02M
    Selling & General & Admin
    		 82.03M 72.62M 67.81M 69.44M
    Research & Development
    		 n/a n/a n/a n/a
    Other Expenses
    		 43.76M 42.66M 40.17M 40.37M
    Operating Expenses
    		 125.79M 115.29M 107.98M 109.81M
    Interest Expense
    		 130.42M 77.81M 23.59M 19.43M
    Selling & Marketing Expenses
    		 1.6M 1.56M 1.45M 1.18M
    Cost & Expenses
    		 263.61M 200.8M 138.13M 124.94M
    Income Tax Expense
    		 18.69M 20.48M 14.73M 14.7M
    Shares Outstanding (Basic)
    		 16.13M 16.02M 15.86M 15.99M
    Shares Outstanding (Diluted)
    		 16.13M 16.02M 15.86M 15.99M
    EPS (Basic)
    		 4.93 5.13 3.85 3.69
    EPS (Diluted)
    		 4.93 5.13 3.85 3.69
    EBITDA
    		 108.79M 114.19M 88.73M 87.39M
    EBIT
    		 98.29M 102.7M 75.79M 73.72M
    Depreciation & Amortization
    		 10.51M 11.5M 12.95M 13.68M

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