Mercantile Bank Corporati... (MBWM)
NASDAQ: MBWM
· Real-Time Price · USD
46.21
-0.92 (-1.95%)
At close: Aug 15, 2025, 3:59 PM
46.29
0.17%
After-hours: Aug 15, 2025, 04:10 PM EDT
Mercantile Bank Income Statement
Financials in USD. Fiscal
year is
January - December.
| Fiscal Year | Q2 2025 | Q1 2025 | 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 |
| Period Ending | Jun 30, 2025 | Mar 31, 2025 | 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 |
Revenue | 73.26M | 89.04M | 92.66M | 93.08M | 88.56M | 87.59M | 82.1M | 80.4M | 73.56M | 67.44M | 66.08M | 55.41M | 47.29M | 45.16M | 49.68M | 51.46M | 49.27M | 48.25M |
Cost of Revenue | 33.89M | 33.89M | 35.63M | 36.22M | 35.31M | 30.66M | 26.95M | 25.49M | 20.37M | 12.7M | 10.67M | 8.65M | 5.72M | 5.1M | 1.11M | 6.66M | 1.8M | 5.55M |
Gross Profit | -55.15M | 55.15M | 57.03M | 56.86M | 53.25M | 56.93M | 55.15M | 54.91M | 53.2M | 54.73M | 55.41M | 46.76M | 41.57M | 40.06M | 48.57M | 44.79M | 47.47M | 42.7M |
Operating Income | -24.05M | 24.05M | 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 |
Interest Income | -80.34M | 80.34M | 82.49M | 83.41M | 78.88M | 76.72M | 73.8M | 71.15M | 65.92M | 60.48M | 58.28M | 48.13M | 39.55M | 35.88M | 37.05M | 35.89M | 35.77M | 34.78M |
Pretax Income | 25.96M | 24.05M | 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 |
Net Income | 22.62M | 19.54M | 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 |
Selling & General & Admin | 19.56M | 19.56M | 25.58M | 20.29M | 17.91M | 18.24M | 22.22M | 17.26M | 16.46M | 16.68M | 10.76M | 16.66M | 15.68M | 15.51M | 25.15M | 18.72M | 18.97M | 17.7M |
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 |
Other Expenses | n/a | 11.55M | 8.22M | 12.01M | 11.82M | 11.71M | 7.72M | 11.66M | 11.37M | 11.92M | 17.78M | 10.13M | 11.27M | 10.23M | 8.19M | 7.49M | 6.17M | 7.41M |
Operating Expenses | 19.56M | 31.1M | 33.81M | 32.3M | 29.74M | 29.94M | 29.94M | 28.92M | 27.83M | 28.6M | 28.54M | 26.78M | 26.94M | 25.74M | 33.35M | 26.21M | 25.13M | 25.12M |
Interest Expense | 32.48M | 31.79M | 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 |
Selling & Marketing Expenses | n/a | n/a | 1.6M | n/a | n/a | n/a | 1.56M | n/a | n/a | n/a | 1.45M | n/a | n/a | n/a | 1.18M | n/a | n/a | n/a |
Cost & Expenses | 53.45M | 64.99M | 69.43M | 68.52M | 65.04M | 60.61M | 56.89M | 54.41M | 48.2M | 41.3M | 39.21M | 35.44M | 32.67M | 30.84M | 34.46M | 32.87M | 26.94M | 30.67M |
Income Tax Expense | 3.34M | 4.51M | 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 |
Shares Outstanding (Basic) | 16.22M | 16.2M | 16.14M | 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 |
Shares Outstanding (Diluted) | 16.22M | 16.2M | 16.14M | 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 |
EPS (Basic) | 1.39 | 1.21 | 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 |
EPS (Diluted) | 1.39 | 1.21 | 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 |
EBITDA | 56.8M | 25.69M | 25.59M | 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 | 21.04M |
EBIT | n/a | 24.05M | 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 |
Depreciation & Amortization | -1.65M | 1.65M | 2.36M | 2.67M | 2.71M | 2.77M | 2.64M | 2.93M | 2.88M | 3.05M | 3.09M | 3.16M | 3.23M | 3.46M | 3.48M | 3.44M | 3.3M | 3.46M |