Price Alert

Mercantile Bank Corporati... (MBWM)

NASDAQ: MBWM · Real-Time Price · USD

46.19

-0.94 (-1.99%)

At close: Aug 15, 2025, 12:50 PM

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	348.03M	363.34M	361.89M	351.33M	338.65M	323.66M	303.5M	287.48M	262.49M	236.22M	213.94M	197.54M	193.59M	195.57M	198.66M	200.93M	198.37M	197.25M
Cost of Revenue	139.63M	141.04M	137.81M	129.14M	118.42M	103.48M	85.51M	69.23M	52.39M	37.75M	30.14M	20.59M	18.6M	14.68M	15.13M	22.29M	24.91M	37.3M
Gross Profit	113.89M	222.29M	224.07M	222.19M	220.24M	220.18M	217.99M	218.25M	210.1M	198.47M	183.8M	176.95M	174.99M	180.89M	183.52M	178.64M	173.46M	159.95M
Operating Income	47.78M	95.34M	98.28M	100.27M	101.7M	103.55M	102.7M	104.36M	98.35M	87.61M	75.79M	64.14M	62.75M	70.46M	73.72M	76.24M	70.85M	59.25M
Interest Income	165.9M	325.12M	321.5M	312.82M	300.56M	287.6M	271.36M	255.83M	232.81M	206.44M	181.84M	160.61M	148.37M	144.59M	143.49M	144.07M	143.77M	145.16M
Pretax Income	97.79M	95.34M	98.28M	100.27M	101.7M	103.55M	102.7M	104.36M	98.35M	87.61M	75.79M	64.14M	62.75M	70.46M	73.72M	76.24M	70.85M	59.25M
Net Income	81.4M	77.57M	79.59M	80M	81.23M	82.8M	82.22M	83.99M	79.16M	70.54M	61.06M	50.9M	49.92M	56.27M	59.02M	61.46M	57.1M	47.7M
Selling & General & Admin	84.99M	83.34M	82.03M	78.67M	75.63M	74.18M	72.62M	61.16M	60.56M	59.78M	58.6M	73M	75.06M	78.35M	80.55M	75.88M	76.57M	74.36M
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	31.78M	43.6M	43.77M	43.26M	42.91M	42.45M	42.66M	52.73M	51.19M	51.09M	49.4M	39.82M	37.18M	32.08M	29.26M	26.52M	26.05M	26.34M
Operating Expenses	116.77M	126.95M	125.79M	121.92M	118.54M	116.63M	115.29M	113.89M	111.75M	110.86M	108.01M	112.81M	112.24M	110.43M	109.81M	102.4M	102.61M	100.7M
Interest Expense	133.51M	132.84M	130.41M	121.44M	108.52M	95.08M	77.81M	60.28M	43.84M	30.7M	23.59M	20.49M	19.5M	19.18M	19.43M	20.69M	22.01M	23.7M
Selling & Marketing Expenses	1.6M	1.6M	1.6M	1.56M	1.56M	1.56M	1.56M	1.45M	1.45M	1.45M	1.45M	1.18M	1.18M	1.18M	1.18M	1.29M	1.29M	1.29M
Cost & Expenses	256.39M	267.99M	263.61M	251.07M	236.96M	220.11M	200.8M	183.12M	164.14M	148.61M	138.15M	133.4M	130.84M	125.11M	124.94M	124.69M	127.53M	138M
Income Tax Expense	16.39M	17.78M	18.69M	20.27M	20.46M	20.74M	20.48M	20.37M	19.18M	17.06M	14.73M	13.24M	12.83M	14.18M	14.7M	14.77M	13.75M	11.55M
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)	5.04	4.82	4.95	4.98	5.06	5.16	5.13	5.25	4.96	4.43	3.85	3.22	3.16	3.54	3.68	3.81	3.52	2.94
EPS (Diluted)	5.04	4.82	4.95	4.98	5.06	5.16	5.13	5.25	4.96	4.43	3.85	3.22	3.16	3.54	3.68	3.81	3.52	2.94
EBITDA	135.3M	104.72M	108.79M	111.05M	112.74M	114.77M	114.19M	116.31M	110.53M	100.14M	88.73M	77.47M	76.36M	84.14M	87.39M	89.6M	83.64M	71.15M
EBIT	71.83M	95.34M	98.28M	100.27M	101.7M	103.55M	102.7M	104.36M	98.35M	87.61M	75.79M	64.14M	62.75M	70.46M	73.72M	76.24M	70.85M	59.25M
Depreciation & Amortization	5.03M	9.38M	10.51M	10.79M	11.05M	11.22M	11.5M	11.95M	12.18M	12.54M	12.95M	13.33M	13.62M	13.68M	13.68M	13.36M	12.79M	11.9M