Mercantile Bank Corporati... (MBWM)

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Our AI model analyzes fundamental, technical, and statistical indicators to predict the probability of a bullish trend over the next three months.

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Bullish Probability	Sentiment	Score
+80%	Strong Buy	10
+75%	Buy	9
+70%	Buy	8
+60%	Buy	7
+50%	Hold	6
+45%	Hold	5
+40%	Hold	4
+35%	Sell	3
+30%	Sell	2
+20%	Strong Sell	1

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49.15

0.20%

After-hours Dec 13, 2024, 04:00 PM EST

Income Statement (Annual)

Get detailed income statement breakdowns, uncovering revenue, expenses, and much more.

Boring Mode

Year	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11	FY10	FY09	FY08	FY07	FY06	FY05	FY04	FY03	FY02	FY01	FY00	FY99	FY98
Revenue	217.99M	190.32M	179.22M	167.42M	151.49M	139.09M	128.75M	126.91M	117.21M	87.81M	54.33M	54.70M	58.52M	65.59M	58.89M	53.49M	61.43M	66.85M	60.95M	46.73M	35.67M	26.71M	18.30M	13.47M	10.20M	3.06M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	217.99M	190.32M	179.22M	167.42M	151.49M	139.09M	128.75M	126.91M	117.21M	87.81M	54.33M	54.70M	58.52M	65.59M	58.89M	53.49M	61.43M	66.85M	60.95M	46.73M	35.67M	26.71M	18.30M	13.47M	10.20M	3.06M
Operating Income	102.70M	99.39M	73.72M	54.85M	60.46M	73.72M	61.88M	59.48M	49.98M	36.54M	35.91M	31.39M	29.96M	18.43M	6.98M	65.03M	100.63M	104.48M	72.88M	45.45M	37.15M	34.90M	34.67M	28.66M	15.80M	4.52M
Interest Income	271.36M	181.84M	143.49M	148.31M	158.34M	141.98M	125.54M	118.46M	112.33M	89.12M	58.24M	59.92M	71.07M	88.14M	104.91M	121.07M	144.18M	137.26M	102.13M	69.02M	54.66M	47.63M	44.62M	36.84M	22.80M	10.17M
Pretax Income	102.70M	75.79M	73.72M	54.85M	60.46M	51.82M	46.08M	46.89M	38.83M	25.20M	25.13M	18.17M	10.12M	-13.36M	-46.60M	-9.84M	12.00M	28.81M	26.05M	18.86M	13.80M	10.92M	6.47M	4.10M	2.40M	-1.11M
Net Income	82.22M	61.06M	59.02M	44.14M	49.46M	42.02M	31.27M	31.91M	27.02M	17.33M	17.03M	12.54M	37.48M	-13.32M	-52.09M	-4.96M	8.97M	19.85M	17.90M	13.72M	10.02M	7.76M	4.48M	2.79M	2.10M	-1.11M
Selling & General & Admin	72.62M	77.48M	77.55M	70.24M	63.07M	59.47M	54.58M	52.70M	52.01M	34.88M	21.09M	26.43M	24.20M	26.17M	23.51M	23.05M	23.46M	19.58M	19.19M	14.42M	11.70M	8.07M	5.96M	4.47M	3.50M	-
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Expenses	-	-168.42M	-183.06M	-182.81M	-154.10M	-127.42M	-121.45M	-120.13M	-119.23M	-86.16M	-39.51M	-49.74M	-52.76M	-73.33M	-75.42M	-11.52M	15.74M	18.05M	-7.26M	-15.70M	-10.22M	124.00K	10.42M	10.72M	2.10M	1.46M
Operating Expenses	94.60M	-90.94M	-105.51M	-112.57M	-91.03M	-65.37M	-66.87M	-67.43M	-67.23M	-51.27M	-18.42M	-23.31M	-28.56M	-47.16M	-51.91M	11.54M	39.20M	37.64M	11.93M	-1.28M	1.48M	8.20M	16.38M	15.19M	5.60M	1.46M
Interest Expense	77.81M	23.59M	19.43M	26.07M	33.80M	21.90M	15.79M	12.59M	11.15M	11.34M	10.79M	13.22M	19.83M	31.79M	53.58M	74.86M	88.62M	75.67M	46.84M	26.59M	23.35M	23.98M	28.20M	24.56M	13.40M	5.63M
Selling & Marketing Expenses	1.56M	1.45M	1.18M	1.29M	1.45M	1.65M	1.61M	1.59M	1.36M	1.31M	1.11M	1.17M	747.00K	906.00K	650.00K	559.00K	585.00K	600.00K	554.00K	465.00K	325.00K	300.00K	248.00K	196.76K	200.00K	-
Cost & Expenses	94.60M	-90.94M	-105.51M	-112.57M	-91.03M	-65.37M	-66.87M	-67.43M	-67.23M	-51.27M	-18.42M	-23.31M	-28.56M	-47.16M	-51.91M	11.54M	39.20M	37.64M	11.93M	-1.28M	1.48M	8.20M	16.38M	15.19M	5.60M	1.46M
Income Tax	20.48M	14.73M	14.70M	10.71M	11.00M	9.80M	14.81M	14.97M	11.81M	7.87M	8.09M	5.64M	-27.36M	-47.00K	5.49M	-4.88M	3.04M	8.96M	8.14M	5.14M	3.79M	3.17M	1.99M	1.30M	300.00K	-
Shares Outstanding (Basic)	16.02M	15.86M	15.99M	16.27M	16.41M	16.60M	16.48M	16.29M	16.61M	13.51M	8.71M	8.63M	8.60M	8.51M	8.49M	8.47M	8.45M	8.83M	9.22M	8.73M	7.38M	6.92M	5.41M	3.82M	3.65M	3.12M
Shares Outstanding (Diluted)	16.02M	15.86M	15.99M	16.27M	16.41M	16.61M	16.49M	16.31M	16.64M	13.56M	8.72M	8.85M	8.88M	8.51M	8.49M	8.47M	8.45M	8.94M	9.40M	8.92M	7.56M	7.02M	5.46M	3.86M	3.69M	3.12M
EPS (Basic)	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96	1.63	1.28	1.96	1.33	4.20	-1.57	-6.14	-0.59	1.06	2.25	1.94	1.57	1.36	1.12	0.83	0.73	0.58	-0.36
EPS (Diluted)	5.13	3.85	3.69	2.71	3.01	2.53	1.90	1.96	1.62	1.28	1.95	1.30	4.07	-1.57	-6.14	-0.59	1.06	2.22	1.90	1.54	1.32	1.10	0.82	0.72	0.57	-0.36
EBITDA	114.19M	88.73M	87.39M	64.27M	70.01M	61.59M	56.44M	56.46M	46.87M	32.81M	27.33M	20.41M	-	-	-	-	-	39.75M	-	24.49M	-	-	-	-	-	-
Depreciation & Amortization	11.50M	12.95M	13.68M	9.43M	9.55M	9.77M	10.36M	9.58M	11.65M	7.61M	2.21M	2.24M	2.20M	2.44M	2.58M	2.76M	3.08M	2.89M	2.56M	1.70M	1.95M	1.37M	651.00K	590.09K	500.00K	270.00K