Mercantile Bank Corporati... (MBWM)

NASDAQ: MBWM · Real-Time Price · USD

43.65

1.20 (2.83%)

At close: May 02, 2025, 3:59 PM

43.62

-0.06%

After-hours: May 02, 2025, 04:05 PM EDT

Mercantile Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Revenue	321.5M	217.99M	190.32M	179.22M	167.42M	151.49M	139.09M	128.75M	126.91M
Cost of Revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Gross Profit	321.5M	217.99M	190.32M	179.22M	167.42M	151.49M	139.09M	128.75M	126.91M
Operating Income	319.9M	102.7M	99.39M	73.72M	54.85M	60.46M	73.72M	61.88M	59.48M
Interest Income	321.5M	271.36M	181.84M	143.49M	148.31M	158.34M	141.98M	125.54M	118.46M
Pretax Income	98.29M	102.7M	75.79M	73.72M	54.85M	60.46M	51.82M	46.08M	46.89M
Net Income	79.59M	82.22M	61.06M	59.02M	44.14M	49.46M	42.02M	31.27M	31.91M
Selling & General & Admin	82.03M	72.62M	77.48M	77.55M	70.24M	63.07M	59.47M	54.58M	52.7M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	n/a	153.06M	-168.42M	-183.06M	-182.81M	-154.1M	-127.42M	-121.45M	-120.13M
Operating Expenses	1.6M	225.69M	-90.94M	-105.51M	-112.57M	-91.03M	-65.37M	-66.87M	-67.43M
Interest Expense	130.42M	77.81M	23.59M	19.43M	26.07M	33.8M	21.9M	15.79M	12.59M
Selling & Marketing Expenses	1.6M	1.56M	1.45M	1.18M	1.29M	1.45M	1.65M	1.61M	1.59M
Cost & Expenses	1.6M	225.69M	-90.94M	-105.51M	-112.57M	-91.03M	-65.37M	-66.87M	-67.43M
Income Tax Expense	18.69M	20.48M	14.73M	14.7M	10.71M	11M	9.8M	14.81M	14.97M
Shares Outstanding (Basic)	16.13M	16.02M	15.86M	15.99M	16.27M	16.41M	16.6M	16.48M	16.29M
Shares Outstanding (Diluted)	16.13M	16.02M	15.86M	15.99M	16.27M	16.41M	16.61M	16.49M	16.31M
EPS (Basic)	4.93	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96
EPS (Diluted)	4.93	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96
EBITDA	n/a	114.19M	88.73M	87.39M	64.27M	70.01M	61.59M	56.44M	56.46M
EBIT	-10.51M	102.7M	75.79M	73.72M	54.85M	60.46M	51.82M	46.08M	46.89M
Depreciation & Amortization	10.51M	11.5M	12.95M	13.68M	9.43M	9.55M	9.77M	10.36M	9.58M