Mercantile Bank (MBWM) Income Statement: Revenue & Earnings

Mercantile Bank Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Mercantile Bank Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	371.80	361.89	217.99	190.32	184.58	153.37	151.49	139.09
Cost of Revenue	133.75	137.82	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	238.05	224.08	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	82.04	82.03	72.62	67.81	69.44	62.23	55.50	62.05
Operating Expenses	135.96	125.79	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income	102.09	98.29	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense
Interest Income	330.19	321.50	271.36	181.84	143.49	148.31	158.34	141.98
Interest Expense	129.15	130.42	77.81	23.60	19.43	26.07	33.80	21.90
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	102.09	98.29	102.70	75.79	73.72	54.85	60.46	51.82
Income Tax Expense	13.34	18.69	20.48	14.73	14.70	10.71	11.00	9.80
Net Income	88.75	79.59	82.22	61.06	59.02	44.14	49.46	42.02
Net Income - Continuous Operations	88.75	79.59	82.22	61.06	59.02	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	106.50	108.79	0.00	0.00	0.00	0.00	0.00	0.00
EBIT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	4.41	10.51	6.00	12.95	13.68	5.20	3.90	0.00
Earnings Per Share
Basic EPS	5.00	5.00	5.00	4.00	4.00	3.00	3.00	3.00
Diluted EPS	5.00	5.00	5.00	4.00	4.00	3.00	3.00	3.00
Basic Shares Outstanding	16.26	16.13	16.02	15.86	15.99	16.27	16.41	16.60
Diluted Shares Outstanding	16.26	16.13	16.02	15.86	15.99	16.27	16.41	16.61