Mercantile Bank Corporati... (MBWM)
48.01
-0.20 (-0.41%)
At close: Mar 03, 2025, 3:59 PM
48.09
0.17%
After-hours: Mar 03, 2025, 04:00 PM EST
Mercantile Bank Income Statement
| 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 | 54.7M | 58.52M | 65.59M | 58.89M | 53.49M | 61.43M | 66.85M | 60.95M | 46.73M | 35.67M | 26.71M | 18.3M | 13.47M | 10.2M | 3.06M |
| Cost of Revenue | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Gross Profit | 217.99M | 190.32M | 179.22M | 167.42M | 151.49M | 139.09M | 128.75M | 126.91M | 117.21M | 87.81M | 54.33M | 54.7M | 58.52M | 65.59M | 58.89M | 53.49M | 61.43M | 66.85M | 60.95M | 46.73M | 35.67M | 26.71M | 18.3M | 13.47M | 10.2M | 3.06M |
| Operating Income | 102.7M | 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 | 34.9M | 34.67M | 28.66M | 15.8M | 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 | 22.8M | 10.17M |
| Pretax Income | 102.7M | 75.79M | 73.72M | 54.85M | 60.46M | 51.82M | 46.08M | 46.89M | 38.83M | 25.2M | 25.13M | 18.17M | 10.12M | -13.36M | -46.6M | -9.84M | 12M | 28.81M | 26.05M | 18.86M | 13.8M | 10.92M | 6.47M | 4.1M | 2.4M | -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 | 17.9M | 13.72M | 10.02M | 7.76M | 4.48M | 2.79M | 2.1M | -1.11M |
| Selling & General & Admin | 72.62M | 77.48M | 77.55M | 70.24M | 63.07M | 59.47M | 54.58M | 52.7M | 52.01M | 34.88M | 21.09M | 26.43M | 24.2M | 26.17M | 23.51M | 23.05M | 23.46M | 19.58M | 19.19M | 14.42M | 11.7M | 8.07M | 5.96M | 4.47M | 3.5M | n/a |
| Research & Development | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Other Expenses | 153.06M | -168.42M | -183.06M | -182.81M | -154.1M | -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 | -15.7M | -10.22M | 124K | 10.42M | 10.72M | 2.1M | 1.46M |
| Operating Expenses | 225.69M | -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 | 39.2M | 37.64M | 11.93M | -1.28M | 1.48M | 8.2M | 16.38M | 15.19M | 5.6M | 1.46M |
| Interest Expense | 77.81M | 23.59M | 19.43M | 26.07M | 33.8M | 21.9M | 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 | 28.2M | 24.56M | 13.4M | 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 | 747K | 906K | 650K | 559K | 585K | 600K | 554K | 465K | 325K | 300K | 248K | 196.76K | 200K | n/a |
| Cost & Expenses | 225.69M | -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 | 39.2M | 37.64M | 11.93M | -1.28M | 1.48M | 8.2M | 16.38M | 15.19M | 5.6M | 1.46M |
| Income Tax | 20.48M | 14.73M | 14.7M | 10.71M | 11M | 9.8M | 14.81M | 14.97M | 11.81M | 7.87M | 8.09M | 5.64M | -27.36M | -47K | 5.49M | -4.88M | 3.04M | 8.96M | 8.14M | 5.14M | 3.79M | 3.17M | 1.99M | 1.3M | 300K | n/a |
| Shares Outstanding (Basic) | 16.02M | 15.86M | 15.99M | 16.27M | 16.41M | 16.6M | 16.48M | 16.29M | 16.61M | 13.51M | 8.71M | 8.63M | 8.6M | 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 | 9.4M | 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 | n/a | n/a | n/a | n/a | n/a | 39.75M | n/a | 24.49M | n/a | n/a | n/a | n/a | n/a | n/a |
| Depreciation & Amortization | 11.5M | 12.95M | 13.68M | 9.43M | 9.55M | 9.77M | 10.36M | 9.58M | 11.65M | 7.61M | 2.21M | 2.24M | 2.2M | 2.44M | 2.58M | 2.76M | 3.08M | 2.89M | 2.56M | 1.7M | 1.95M | 1.37M | 651K | 590.09K | 500K | 270K |