Mercantile Bank Corporation

NASDAQ MBWM

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Mercantile Bank Corporation Income Statement 1998 - 2024

This table shows the Income Statement for Mercantile Bank Corporation going from 1998 until 2024. The income statement, also known as the profit and loss statement, is a financial statement that provides a summary of a company's revenues, expenses, and net income over a specific period (such as a quarter or a year). It shows the company's ability to generate revenue, manage expenses, and ultimately determine its profitability.
Income Statement Trend Unit 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 2003-09-30 2003-06-30 2003-03-31 2002-12-31 2002-09-30 2002-06-30 2002-03-31 2001-12-31 2001-09-30 2001-06-30 2001-03-31 2000-12-31 2000-09-30 2000-06-30 2000-03-31 1999-12-31 1999-09-30 1999-06-30 1999-03-31 1998-12-31 1998-09-30 1998-06-30 1998-03-31
Revenue
M 88 74 58 55 55 58 50 42 40 45 47 44 43 46 43 42 37 38 38 37 37 36 35 34 35 33 33 31 31 31 32 31 33 30 30 29 29 29 29 18 13 14 14 13 13 14 14 13 14 14 14 15 15 16 16 16 17 16 15 14 13 14 14 12 13 15 16 15 16 17 17 17 16 17 15 15 14 13 12 11 11 10 9 9 8 8 7 6 6 6 5 4 4 4 4 3 3 3 3 3 2 2 2 1 1
Cost of Revenue
M 11 65,871 -13 -65,863 5 - - - - 0 - - - - - - - 0 - - 0 0 6 6 5 5 5 4 4 0 4 4 4 3 2 2 2 3 3 2 1 0 1 1 1 3 3 0 4 6 6 7 8 14 18 14 17 36 24 26 27 22 20 25 30 27 26 24 23 23 21 20 17 16 14 12 10 9 8 7 7 7 7 7 7 7 7 7 6 7 8 8 8 8 7 6 6 - - - - 2 2 1 1
Gross Profit
M 77 -65,797 71 65,918 50 58 50 42 40 45 47 44 43 46 43 42 37 38 38 37 37 36 35 34 35 33 33 31 31 31 32 31 33 30 30 29 29 29 29 18 13 14 14 13 13 14 14 13 14 14 14 15 15 16 16 16 17 16 15 14 13 14 14 12 13 15 16 15 16 17 17 17 16 17 15 15 14 13 12 11 11 10 9 9 8 8 7 6 6 6 5 4 4 4 4 3 3 3 3 3 2 2 2 1 1
Operating Expenses
M 49 -65,822 45 65,874 15 24 24 22 21 25 23 17 20 23 24 24 16 14 14 14 15 16 16 17 16 169 17 17 17 16 17 17 17 18 16 17 16 17 17 12 5 4 6 5 4 7 7 4 6 7 6 7 8 12 15 9 11 27 12 9 5 -3 -6 -2 -1 -7 -10 -10 -12 -12 -11 -9 -7 -4 -3 -3 -1 0 1 1 1 0 0 -1 -1 -2 -2 -2 -3 -3 -4 -4 -5 -5 -4 -4 -3 -2 -1 -1 -1 2 1 1 2
Selling, General, and Administrative Expenses (SG&A)
M 18 21 17 16 17 20 20 19 18 22 19 19 18 18 19 17 16 16 16 16 15 15 15 15 14 14 14 13 13 13 14 13 13 13 13 13 12 11 11 7 5 5 6 5 5 6 5 5 5 8 5 5 5 8 6 6 6 4 6 7 6 5 6 6 6 6 5 7 5 5 5 5 5 5 5 4 4 4 4 4 3 3 3 3 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 2 1 1 2
Research and Development (R&D) Expenses
M - - - - - - - - - - - - - - - - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - -
Other Operating Expenses
M - - - - - - - - - - - - - - - - - - - - - 1 1 2 2 155 3 4 4 3 4 4 4 4 3 4 4 6 6 5 -1 -1 0 -1 -1 0 1 -1 1 0 1 2 3 4 9 4 5 23 6 2 -2 -9 -11 -7 -7 -13 -16 -16 -17 -16 -15 -13 -12 -9 -8 -7 -6 -4 -3 -3 -3 -3 -3 -3 -4 -4 -4 -4 -4 -4 -6 -6 -6 -6 -5 -5 -4 - - - - - - - -
Costs and Expenses
M -2 -65,919 -32 -11 35 - - - - -25 - - - - - - - -14 - - -15 -16 -22 -23 -21 36 -22 -21 -21 -16 -21 -21 -21 -21 -19 -19 -18 -20 -20 -15 -5 -4 -7 -6 -6 -10 -9 -5 -10 -13 -12 -14 -16 -26 -33 -24 -28 -62 -36 -35 -31 -19 -14 -23 -29 -20 -15 -15 -11 -12 -11 -11 -10 -11 -10 -9 -8 -8 -9 -8 -8 -7 -8 -6 -5 -5 -5 -5 -4 -4 -3 -4 -3 -3 -3 -3 -3 - - - - 2 1 1 2
Operating Income
M 28 25 26 44 35 34 26 20 19 20 23 27 23 24 19 17 21 24 24 23 23 21 18 17 18 -137 16 14 14 15 15 14 16 12 14 12 12 12 11 5 8 10 8 8 9 7 7 9 8 7 8 8 7 4 2 7 6 -10 3 5 9 17 19 14 14 22 26 25 28 28 28 25 23 21 19 18 15 14 11 11 10 10 9 9 9 9 9 8 8 8 9 8 9 8 8 7 6 5 4 4 3 0 0 0 -1
Interest Expense
M 29 25 22 18 12 8 6 5 5 5 5 5 5 6 6 7 8 8 9 9 8 6 6 5 5 5 4 4 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 5 5 6 7 8 8 9 11 12 14 16 18 18 19 21 22 23 22 22 21 20 18 16 14 13 11 9 8 7 6 6 6 6 6 6 6 6 6 6 6 7 7 7 7 7 6 5 4 4 3 3 2 2 1 1
Non-operating Income/Expense
M 27 25 26 -18 -9 -8 -6 -5 -5 -5 -5 -5 -5 -6 -6 -7 -8 -8 -9 -9 -8 -6 -6 -5 -5 103 -4 -4 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -3 -4 -4 -5 -5 -6 -7 -8 -8 -9 -11 -12 -14 -16 -18 -18 -19 -21 -22 -23 -22 -22 -21 -20 -18 -16 -14 -13 -11 -9 -8 -7 -6 -6 -6 -6 -6 -6 -6 -6 -6 -6 -6 -7 -7 -7 -7 -7 -6 -5 -4 -4 -3 - - - - -
EBT
M 27 25 26 25 26 27 20 15 14 15 19 22 18 18 13 11 13 16 16 14 15 14 12 12 13 12 12 11 11 12 11 11 13 9 11 9 10 9 9 2 5 8 5 6 6 4 4 6 4 3 3 3 1 -3 -6 -1 -3 -21 -9 -10 -7 0 1 -5 -6 0 3 3 6 7 8 7 7 7 6 7 6 6 4 4 4 4 3 4 3 3 3 2 2 2 2 1 1 1 1 1 1 1 1 1 - 0 0 0 -1
Income Tax Provision
M 5 5 5 5 5 5 4 3 3 4 4 4 3 4 3 2 3 3 3 3 3 3 2 2 3 4 4 3 3 4 4 3 4 3 3 3 3 3 3 1 2 3 2 2 2 1 1 2 1 -27 0 0 2 2 -1 -1 0 15 -4 -3 -3 0 0 -2 -2 0 1 1 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 - 0 0 3 2 2 1 1
Income after Tax
M 22 20 21 20 21 22 16 12 11 12 15 18 14 14 11 9 11 13 13 12 12 12 10 9 11 8 8 7 8 8 8 7 9 6 7 7 7 6 6 2 4 5 3 4 4 3 3 4 3 30 3 3 -1 -5 -5 0 -3 -36 -5 -6 -4 0 1 -3 -4 0 2 2 4 5 5 5 5 5 4 5 4 4 3 3 3 3 2 3 2 2 2 2 2 1 1 1 1 1 1 1 1 - 1 1 - -2 -2 -2 -2
Non-Controlling Interest
M - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -11 4 3 4 3 3 3 3 3 3 1 2 3 2 2 2 1 1 3 2 -30 0 0 -1 0 0 0 0 0 0 0 0 0 -1 0 0 0 -2 -2 -4 -5 -5 -5 -5 -5 -4 -5 -4 -4 -3 -3 -3 -3 -2 -3 -2 -2 -2 -2 -2 -1 -1 -1 -1 -1 -1 -1 -1 - - - - - - - -
Net Income
M - - 21 20 21 22 16 12 11 12 15 18 14 14 11 9 11 13 13 12 12 12 10 9 11 8 8 7 8 8 8 7 9 6 7 7 7 6 6 2 4 5 3 4 4 3 3 3 3 30 3 2 1 0 0 0 0 0 0 0 0 0 1 0 0 0 2 2 4 5 5 5 5 5 4 5 4 4 3 3 3 3 2 3 2 2 2 2 2 1 1 1 1 1 1 1 1 - - - - - - - -
Shares (Basic, Weighted)
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Diluted, Weighted)
R 16,118,858.00 16,044,222.00 16,018,419.00 16,003,371.00 15,996,138.00 15,887,983.00 15,861,551.00 15,848,681.00 15,841,037.00 15,696,451.00 15,860,314.00 16,116,666.00 16,283,490.00 16,279,243.00 16,233,666.00 16,213,264.00 16,351,559.00 16,375,740.00 16,393,078.00 16,434,714.00 16,435,176.00 16,600,108.00 16,619,295.00 16,610,819.00 16,604,325.00 16,536,225.00 16,494,540.00 16,485,356.00 16,449,210.00 16,374,117.00 16,307,350.00 16,268,839.00 16,325,475.00 16,352,187.00 16,461,794.00 16,803,846.00 16,978,591.00 16,989,476.00 16,926,249.00 11,435,867.00 8,741,121.00 8,735,096.00 8,725,268.00 8,718,649.00 8,718,601.00 8,674,342.00 8,653,751.00 9,043,791.00 8,991,422.00 8,605,484.00 8,868,122.00 8,872,692.00 8,884,675.00 8,599,166.00 8,507,174.00 8,505,086.00 8,501,671.00 8,501,671.00 8,492,946.00 8,487,747.00 8,481,265.00 8,480,985.00 8,530,347.00 8,469,097.00 8,465,148.00 8,465,148.00 8,491,612.00 8,503,138.00 8,944,599.00 8,858,684.00 8,524,116.00 8,952,101.00 9,379,137.00 8,791,533.00 8,947,421.00 9,376,461.00 9,374,980.00 8,342,218.00 8,895,493.00 8,476,678.00 8,890,367.00 8,701,773.00 6,882,612.00 6,741,066.00 6,728,030.00 6,578,953.00 6,685,318.00 6,697,443.00 6,680,222.00 6,570,460.00 5,499,386.00 5,603,402.00 3,586,173.00 3,586,173.00 3,479,055.00 3,479,055.00 3,479,055.00 3,479,055.00 3,489,519.00 3,489,519.00 3,489,519.00 3,510,000.00 3,020,000.00 2,100,000.00 2,100,000.00
EBITDA
M -1 25 26 43,734 38 38 29 23 23 23 27 31 26 27 22 20 22 27 27 26 25 23 21 19 21 19 19 17 17 18 17 15 18 15 17 15 15 15 14 7 8 11 9 9 10 8 8 10 8 8 8 9 8 4 2 8 6 -10 4 6 10 18 20 15 15 23 27 26 28 29 28 26 24 22 20 18 16 14 12 11 10 10 9 10 9 10 9 9 9 9 9 9 9 8 8 7 6 5 4 4 3 2 2 1 -1
Depreciation and Amortization
M 3 3 3 43,690 3 3 3 3 3 3 3 3 3 3 3 2 1 3 2 3 2 2 2 2 2 3 2 3 3 3 2 2 3 3 3 3 3 3 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
EBIT
M -3 23 23 44 35 34 26 20 19 20 23 27 23 24 19 17 21 24 24 23 23 21 18 17 18 17 16 14 14 15 15 14 16 12 14 12 12 12 11 5 8 10 8 8 9 7 7 9 8 7 8 8 7 4 2 7 6 -10 3 5 9 17 19 14 14 22 26 25 28 28 28 25 23 21 19 18 15 14 11 11 10 10 9 9 9 9 9 8 8 8 9 8 9 8 8 7 6 5 4 4 3 2 2 1 -1
Income from Discontinued Operations
M - - - - - - - - - - - - - - - - - - - - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - -
Tax Rate (Effective)
% 20.10 20.54 19.75 19.75 19.75 18.86 19.74 19.75 19.75 23.52 19.00 19.00 19.00 20.62 19.00 19.01 19.00 15.95 18.99 19.00 19.00 18.67 19.00 18.99 19.00 35.95 30.75 30.75 30.67 32.88 31.61 31.62 31.61 28.85 31.50 29.57 31.50 29.37 30.42 39.03 31.98 32.96 36.70 30.41 29.00 29.42 32.16 31.74 30.59 -923.73 0.00 0.00 138.24 -65.65 11.82 70.37 13.99 -74.58 41.53 34.82 38.80 269.57 4.68 43.55 39.28 131.67 25.75 25.47 30.16 32.07 30.93 30.84 30.68 32.98 30.50 30.84 30.65 24.70 29.18 28.03 28.00 27.73 25.03 28.25 28.36 27.88 29.31 29.47 29.59 31.17 31.14 27.46 32.11 30.88 32.93 32.25 31.02 - 25.00 16.67 - 971.43 1,425.00 -433.33 -50.88
Earnings Per Share (EPS), Basic
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Earnings Per Share (EPS), Diluted
M - - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 - - - - - - - -
Gross Profit Margin
% 87.59 -89,151.93 122.24 119,425.32 90.69 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Operating Income Margin
% 31.61 34.16 44.65 79.23 63.59 59.00 51.84 47.18 48.10 43.69 50.00 61.39 53.10 50.91 45.03 41.71 56.40 63.00 63.39 61.86 60.60 56.94 52.52 49.61 52.67 -414.84 49.41 45.82 45.21 49.38 46.41 44.66 47.04 40.48 45.43 41.06 43.59 41.69 39.66 30.29 61.95 72.66 59.43 64.59 67.40 52.52 51.61 68.89 56.75 48.98 55.13 53.97 46.90 24.05 10.63 42.94 34.26 -60.99 22.06 34.71 65.82 121.80 142.10 112.71 108.61 150.04 166.59 163.42 174.14 169.25 163.58 150.64 141.42 125.42 122.57 118.16 110.64 103.10 94.57 95.45 94.93 98.80 96.19 108.19 115.79 120.88 126.18 132.42 147.85 151.24 190.39 206.34 225.83 229.05 219.01 207.46 191.74 185.19 148.28 144.00 142.86 10.99 7.79 -30.93 -186.89
Net Income Margin
% - - 35.83 36.88 37.90 37.30 32.30 27.90 28.61 25.77 32.23 40.77 33.12 30.49 24.96 20.93 28.95 34.61 32.91 31.28 31.72 31.98 29.30 27.97 31.47 24.25 25.07 23.51 24.28 26.05 24.72 23.85 25.93 21.81 24.53 22.57 23.28 22.08 20.59 8.46 28.48 36.15 25.25 30.69 33.13 22.09 19.18 24.44 18.49 208.88 19.02 16.02 7.16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.18 7.97 0.00 0.00 0.65 15.22 14.45 26.95 27.61 30.76 30.21 30.16 26.98 27.92 31.63 31.46 34.03 25.92 28.60 28.24 30.03 24.44 29.04 28.74 29.99 29.94 27.26 28.63 26.08 27.93 19.12 23.64 24.24 21.93 19.48 16.55 - - - - - - - -
EBITDA Ratio
% -0.80 34.16 44.65 79,234.00 69.10 64.28 58.21 54.87 56.71 51.39 57.38 68.82 61.14 57.76 51.74 47.49 59.07 69.64 69.33 68.65 66.44 63.63 59.51 56.85 59.86 59.25 56.83 54.80 53.34 58.55 54.14 49.50 55.43 50.78 55.49 50.54 53.52 51.79 49.24 38.45 66.02 76.71 63.40 68.66 71.57 56.64 55.87 73.18 60.44 52.51 59.00 57.83 50.69 27.58 14.13 47.15 37.88 -58.53 26.76 40.12 71.12 127.08 147.93 118.29 112.57 155.45 171.75 168.80 178.30 172.41 168.19 155.33 146.22 129.89 127.30 122.10 114.17 106.48 97.94 99.42 98.84 103.25 102.06 114.09 121.59 126.69 130.55 137.31 153.22 156.32 193.85 209.78 227.43 233.20 223.05 211.99 196.64 192.59 151.72 148.00 147.62 122.51 123.38 110.31 -85.25
EBIT Ratio
% -3.97 30.58 39.62 79.23 63.59 59.00 51.84 47.18 48.10 43.69 50.00 61.39 53.10 50.91 45.03 41.71 56.40 63.00 63.39 61.86 60.60 56.94 52.52 49.61 52.67 51.53 49.41 45.82 45.21 49.38 46.41 44.66 47.04 40.48 45.43 41.06 43.59 41.69 39.66 30.29 61.95 72.66 59.43 64.59 67.40 52.52 51.61 68.89 56.75 48.98 55.13 53.97 46.90 24.05 10.63 42.94 34.26 -60.99 22.06 34.71 65.82 121.80 142.10 112.71 108.61 150.04 166.59 163.42 174.14 169.25 163.58 150.64 141.42 125.42 122.57 118.16 110.64 103.10 94.57 95.45 94.93 98.80 96.19 108.19 115.79 120.88 126.18 132.42 147.85 151.24 190.39 206.34 225.83 229.05 219.01 207.46 191.74 185.19 148.28 144.00 142.86 117.80 118.83 103.09 -91.80
EBT Ratio
% 30.81 34.16 44.65 45.96 47.23 45.96 40.24 34.77 35.66 33.70 39.80 50.34 40.89 38.42 30.81 25.84 35.74 41.18 40.63 38.62 39.16 39.32 36.18 34.53 38.85 37.86 36.21 33.95 35.03 38.81 36.15 34.88 37.92 30.66 35.81 32.04 33.99 31.26 29.59 13.87 41.87 53.91 39.88 44.11 46.66 31.30 28.27 43.47 30.06 20.63 21.45 18.29 9.34 -18.70 -37.44 -7.46 -18.12 -125.40 -60.68 -68.14 -54.37 -1.28 8.36 -37.47 -46.38 -2.05 20.49 19.39 38.59 40.65 44.54 43.67 43.51 40.26 40.17 45.74 45.37 45.19 36.61 39.73 39.22 41.56 32.60 40.48 40.11 41.58 42.36 38.64 40.66 37.89 40.56 26.35 34.83 35.06 32.71 28.73 24.01 25.93 27.59 24.00 - 10.99 7.79 -30.93 -186.89

StockViz Staff

September 16, 2024

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