Mercantile Bank Corporati... (MBWM)

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40.68

0.37 (0.92%)

At close: Apr 17, 2025, 3:59 PM

40.68

0.00%

After-hours: Apr 17, 2025, 04:05 PM EDT

Mercantile Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	58.53M	83.41M	88.56M	87.59M	73.8M	58.21M	55.2M	55.34M	58.46M	49.63M	42.07M	40.16M	45.17M	46.69M	44.37M	43M	46.18M	42.82M	41.55M	36.87M	38.48M	38.28M	37.45M	37.28M	36.19M	34.55M	33.77M	34.58M	32.91M	33.25M	31.23M	31.36M	31.04M	31.73M	31.16M	32.97M
Cost of Revenue	n/a	-9.67M	9.68M	10.87M	65.87B	-12.95M	-65.86B	5.15M	n/a	n/a	n/a	n/a	-1K	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-1K	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1K	n/a	n/a	n/a
Gross Profit	58.53M	93.08M	78.88M	76.72M	-65.8B	71.15M	65.92B	50.19M	58.46M	49.63M	42.07M	40.16M	45.17M	46.69M	44.37M	43M	46.18M	42.82M	41.55M	36.87M	38.48M	38.28M	37.45M	37.28M	36.19M	34.55M	33.77M	34.58M	32.91M	33.25M	31.23M	31.36M	31.04M	31.73M	31.16M	32.97M
Operating Income	n/a	27.22M	23.52M	27.69M	25.21M	25.99M	43.73M	35.19M	34.49M	25.73M	19.85M	19.32M	19.73M	23.35M	27.24M	22.83M	23.51M	19.28M	17.33M	20.79M	24.24M	24.27M	23.17M	22.59M	20.61M	18.14M	16.75M	18.21M	-136.5M	16.43M	14.31M	14.18M	15.33M	14.73M	13.92M	15.51M
Interest Income	82.49M	83.41M	78.88M	76.72M	8.3M	71.15M	65.92M	60.48M	58.28M	48.13M	39.55M	35.88M	37.05M	35.89M	35.77M	34.78M	37.62M	35.59M	37.16M	37.93M	39.56M	40.32M	39.82M	38.64M	37.2M	35.49M	34.32M	34.98M	32.9M	33.03M	30.9M	28.7M	29.71M	29.71M	30.15M	28.89M
Pretax Income	23.23M	24.56M	23.52M	26.98M	25.21M	25.99M	25.37M	26.14M	26.87M	19.97M	14.63M	14.32M	15.22M	18.58M	22.34M	17.58M	17.74M	13.19M	10.74M	13.18M	15.85M	15.55M	14.46M	14.6M	14.23M	12.5M	11.66M	13.43M	12.46M	12.04M	10.6M	10.98M	12.04M	11.47M	10.87M	12.5M
Net Income	19.63M	19.62M	18.79M	21.56M	20.03M	20.86M	20.36M	20.97M	21.8M	16.03M	11.74M	11.49M	11.64M	15.05M	18.09M	14.24M	14.08M	10.69M	8.7M	10.67M	13.32M	12.6M	11.71M	11.82M	11.57M	10.12M	9.45M	10.88M	7.98M	8.34M	7.34M	7.62M	8.09M	7.84M	7.43M	8.55M
Selling & General & Admin	25.58M	20.29M	17.91M	18.24M	22.22M	17.26M	16.46M	16.68M	20.44M	19.8M	18.77M	18.48M	22.16M	18.72M	18.97M	17.7M	18.06M	19.41M	16.76M	16.01M	16.23M	16.02M	15.58M	15.23M	15.03M	15.08M	14.89M	14.46M	13.92M	13.96M	13.21M	13.49M	12.68M	13.5M	13.14M	13.38M
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	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	32.95M	37.67M	-8.68M	-8.49M	-48.59M	-45.17M	-65.89B	23.66M	-8.27M	-43.7M	-40.98M	-39.33M	-47.59M	-42.07M	-36.1M	-37.87M	-40.73M	-42.95M	-40.98M	-32.08M	-30.47M	-30.04M	-29.86M	-29.92M	-30.61M	-31.49M	-31.91M	-30.83M	n/a	-30.78M	-30.13M	-30.67M	-28.39M	-30.51M	-30.38M	-30.84M
Operating Expenses	58.53M	57.96M	8.68M	8.49M	-48.59M	-45.17M	-65.87B	40.34M	57.05M	-23.9M	-22.22M	-20.84M	-25.43M	-23.35M	-17.13M	-20.16M	-22.67M	-23.54M	-24.22M	-16.07M	-14.24M	-14.02M	-14.28M	-14.69M	-15.58M	-16.4M	-17.02M	-16.36M	40.66M	-16.82M	-16.92M	-17.18M	-15.71M	-17.01M	-17.25M	-17.46M
Interest Expense	34.13M	35.12M	31.81M	29.36M	25.15M	22.19M	18.37M	12.1M	7.62M	5.75M	5.22M	5M	4.51M	4.76M	4.9M	5.25M	5.77M	6.08M	6.59M	7.62M	8.4M	8.71M	8.7M	7.99M	6.38M	5.65M	5.09M	4.78M	4.5M	4.39M	3.71M	3.19M	3.28M	3.26M	3.05M	3.01M
Selling & Marketing Expenses	1.6M	n/a	21.06M	21.45M	1.56M	n/a	n/a	n/a	1.45M	n/a	n/a	n/a	1.18M	n/a	n/a	n/a	1.29M	n/a	n/a	n/a	1.45M	n/a	n/a	n/a	1.65M	n/a	n/a	n/a	1.61M	n/a	n/a	n/a	1.59M	n/a	n/a	n/a
Cost & Expenses	58.53M	57.96M	65.04M	60.61M	-48.59M	-45.17M	-65.86B	40.34M	57.05M	-23.9M	-22.22M	-20.84M	-25.43M	-23.35M	-17.13M	-20.16M	-22.67M	-23.54M	-24.22M	-16.07M	-1K	-14.02M	-14.28M	-14.69M	-1K	-16.4M	-17.02M	-16.36M	40.66M	-16.82M	-16.92M	-17.18M	1K	-17.01M	-17.25M	-17.46M
Income Tax Expense	3.6M	4.94M	4.73M	5.42M	5.18M	5.13M	5.01M	5.16M	5.07M	3.94M	2.89M	2.83M	3.58M	3.53M	4.24M	3.34M	3.66M	2.51M	2.04M	2.5M	2.53M	2.95M	2.75M	2.77M	2.66M	2.38M	2.21M	2.55M	4.48M	3.7M	3.26M	3.37M	3.96M	3.63M	3.44M	3.95M
Shares Outstanding (Basic)	16.13M	16.14M	16.12M	16.12M	16.04M	16.02M	16M	16M	15.89M	15.86M	15.85M	15.84M	15.7M	15.86M	16.12M	16.28M	16.28M	16.23M	16.21M	16.35M	16.37M	16.39M	16.43M	16.43M	16.59M	16.61M	16.6M	16.6M	16.53M	16.48M	16.47M	16.43M	16.35M	16.28M	16.24M	16.29M
Shares Outstanding (Diluted)	16.13M	16.14M	16.12M	16.12M	16.04M	16.02M	16M	16M	15.89M	15.86M	15.85M	15.84M	15.7M	15.86M	16.12M	16.28M	16.28M	16.23M	16.21M	16.35M	16.38M	16.39M	16.43M	16.44M	16.6M	16.62M	16.61M	16.6M	16.54M	16.49M	16.49M	16.45M	16.37M	16.31M	16.27M	16.33M
EPS (Basic)	1.22	1.22	1.17	1.34	1.25	1.30	1.27	1.31	1.37	1.01	0.74	0.73	0.74	0.95	1.12	0.87	0.87	0.66	0.54	0.65	0.81	0.77	0.71	0.72	0.70	0.61	0.57	0.66	0.48	0.51	0.45	0.46	0.49	0.48	0.46	0.52
EPS (Diluted)	1.22	1.22	1.17	1.34	1.25	1.30	1.27	1.31	1.37	1.01	0.74	0.73	0.74	0.95	1.12	0.87	0.87	0.66	0.54	0.65	0.81	0.77	0.71	0.72	0.70	0.61	0.57	0.66	0.48	0.51	0.45	0.46	0.49	0.48	0.46	0.52
EBITDA	n/a	27.22M	26.22M	29.76M	27.85M	28.91M	28.25M	29.18M	29.96M	23.14M	17.86M	17.78M	18.7M	22.03M	25.63M	21.59M	20.9M	16.47M	13.51M	14.74M	18.4M	18.2M	17.36M	17.28M	19.43M	14.91M	14.11M	15.92M	n/a	14.51M	13.41M	13.53M	14.89M	13.93M	n/a	n/a
EBIT	-2.36M	24.56M	23.52M	26.98M	25.21M	25.99M	25.37M	26.14M	26.87M	19.97M	14.63M	14.32M	15.22M	18.58M	22.34M	18.14M	17.74M	13.59M	11.11M	13.75M	15.85M	15.92M	14.82M	15.1M	17.01M	12.5M	11.66M	13.43M	-2.54M	12.04M	10.6M	10.98M	12.04M	11.47M	-1.51M	-2.77M
Depreciation & Amortization	2.36M	2.67M	2.71M	2.77M	2.64M	2.93M	2.88M	3.05M	3.09M	3.16M	3.23M	6.66M	3.48M	3.44M	3.3M	3.46M	3.16M	2.88M	2.4M	982K	2.56M	2.27M	2.54M	2.18M	2.42M	2.42M	2.44M	2.48M	2.54M	2.47M	2.8M	2.55M	2.85M	2.46M	1.51M	2.77M