Watchlist Price Alert

Mercantile Bank Corporati... (MBWM)

NASDAQ: MBWM · Real-Time Price · USD

44.78

0.92 (2.10%)

At close: Jun 23, 2025, 3:59 PM

44.92

0.32%

After-hours: Jun 23, 2025, 04:10 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	361.89M	303.5M	213.92M	198.66M	193.49M	185.29M	160.99M	144.54M	139.5M
Cost of Revenue	137.82M	85.51M	30.14M	15.13M	40.12M	35.55M	23M	18.75M	15.49M
Gross Profit	224.07M	217.99M	183.77M	183.52M	153.37M	149.74M	137.99M	125.8M	124M
Operating Income	98.29M	102.7M	75.79M	73.72M	54.85M	60.46M	51.82M	46.08M	46.89M
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	67.81M	69.44M	62.23M	64.74M	62.05M	56.19M	54.28M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	43.76M	42.66M	40.17M	40.37M	36.29M	24.54M	24.13M	23.53M	22.83M
Operating Expenses	125.79M	115.29M	107.98M	109.81M	98.52M	89.28M	86.17M	79.72M	77.12M
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	263.61M	200.8M	138.13M	124.94M	138.64M	124.83M	109.17M	98.46M	92.61M
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	108.79M	114.19M	88.73M	87.39M	64.27M	70.01M	61.59M	56.44M	56.46M
EBIT	98.29M	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