Mercantile Bank Corporation

NASDAQ MBWM

Data sourced from iex and EODHD
Download Data

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 275 243 227 219 205 190 177 174 176 179 180 176 174 167 160 155 151 151 149 145 142 139 136 135 132 129 127 125 125 127 126 124 122 117 116 115 104 88 74 58 54 54 54 54 54 55 55 56 57 59 60 62 64 66 66 65 62 59 57 55 54 53 54 56 59 61 63 65 66 67 67 66 63 61 57 54 50 47 44 41 38 36 33 31 29 27 25 22 20 18 16 15 14 13 13 12 11 10 9 8 7 5 3 2 1
Cost of Revenue
M 6 -65,871 -65,871 -65,858 5 - 0 0 0 0 - - - - 0 0 0 0 0 6 12 17 22 21 20 19 14 12 12 12 15 14 11 10 10 10 10 8 6 4 3 4 7 8 8 10 13 16 23 27 34 47 54 64 86 92 103 113 98 94 93 96 102 107 107 100 96 92 87 81 74 66 58 51 44 38 34 31 29 28 28 27 27 27 27 27 27 28 29 31 31 30 29 26 19 12 6 - 2 4 5 6 4 2 1
Gross Profit
M 269 66,113 66,098 66,076 200 190 177 174 176 179 180 176 174 167 160 155 151 151 149 145 142 139 136 135 132 129 127 125 125 127 126 124 122 117 116 115 104 88 74 58 54 54 54 54 54 55 55 56 57 59 60 62 64 66 66 65 62 59 57 55 54 53 54 56 59 61 63 65 66 67 67 66 63 61 57 54 50 47 44 41 38 36 33 31 29 27 25 22 20 18 16 15 14 13 13 12 11 10 9 8 7 5 3 2 1
Operating Expenses
M 146 65,983 65,958 65,937 85 91 92 92 87 86 83 84 91 87 78 69 59 57 59 61 64 65 219 220 220 220 67 67 67 67 69 69 69 67 66 67 63 51 39 27 19 18 21 22 22 23 24 24 26 29 33 42 44 47 62 59 58 52 22 5 -6 -12 -16 -20 -29 -39 -43 -44 -43 -38 -30 -23 -17 -12 -8 -4 -1 1 2 2 0 -1 -3 -5 -7 -8 -9 -12 -14 -16 -18 -18 -17 -15 -13 -10 -8 -6 -2 1 3 6 4 3 2
Selling, General, and Administrative Expenses (SG&A)
M 73 71 71 73 76 77 79 78 78 78 73 74 72 70 68 65 64 63 62 61 60 59 58 57 56 55 53 53 53 53 53 53 53 52 50 48 41 34 29 24 22 22 23 22 22 21 23 23 23 23 24 24 25 25 21 21 23 23 25 24 23 22 23 22 23 23 22 21 20 19 19 20 19 19 17 16 15 14 13 13 12 11 10 9 9 8 7 7 6 6 5 5 5 4 4 4 4 3 4 5 5 6 4 3 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 0 0 0 - - - - - - - -
Other Operating Expenses
M - - - - - - - - - - - - - - - - - - 1 2 4 6 161 162 164 166 13 14 14 15 16 16 16 15 17 20 21 17 9 3 -3 -3 -2 0 0 2 1 1 3 5 10 18 19 22 41 37 36 29 -2 -19 -29 -34 -38 -43 -52 -62 -66 -65 -62 -57 -50 -43 -36 -31 -25 -20 -16 -13 -12 -11 -12 -13 -14 -15 -15 -16 -17 -19 -20 -22 -23 -23 -22 -19 -14 -8 -4 - - - - - - - -
Costs and Expenses
M -65,965 -8 -8 24 35 - -25 -25 -25 -25 - - - - -14 -14 -14 -29 -30 -53 -76 -82 -31 -31 -29 -29 -80 -79 -79 -79 -84 -82 -80 -77 -76 -77 -73 -60 -44 -31 -22 -22 -28 -31 -29 -33 -37 -40 -49 -55 -68 -88 -98 -111 -147 -150 -162 -164 -121 -99 -87 -85 -86 -87 -78 -60 -52 -48 -44 -44 -44 -43 -41 -39 -36 -34 -33 -33 -31 -30 -28 -26 -24 -22 -20 -19 -18 -16 -15 -14 -13 -12 -11 -11 -8 -6 -3 - 2 3 4 6 4 3 2
Operating Income
M 123 130 139 139 115 99 85 82 90 93 97 93 83 81 82 87 92 94 91 85 78 74 -83 -85 -88 -92 60 59 58 59 56 55 53 50 50 48 41 37 35 32 35 36 33 32 33 31 31 32 31 30 27 21 20 18 5 6 4 7 34 50 59 65 70 76 87 101 107 109 109 104 97 89 81 73 65 58 51 45 42 39 38 37 36 37 36 35 34 34 34 35 35 33 32 29 25 22 19 16 11 7 3 -1 -1 -1 -1
Interest Expense
M 95 78 60 44 31 24 20 19 19 19 21 22 24 26 29 31 33 34 32 29 25 22 20 19 17 16 15 13 13 13 12 12 11 11 11 11 12 11 11 11 11 11 11 12 12 13 14 16 18 20 23 26 29 32 36 40 46 54 61 66 71 75 79 84 88 89 88 85 81 76 69 61 54 47 40 34 30 27 25 24 23 23 24 24 24 24 24 25 27 28 29 28 27 25 22 19 16 13 11 9 8 6 4 2 1
Non-operating Income/Expense
M 60 24 -35 -41 -28 -24 -20 -19 -19 -19 -21 -22 -24 -26 -29 -31 -33 -34 -32 -29 -25 -22 87 89 90 92 -15 -13 -13 -13 -12 -12 -11 -11 -11 -11 -12 -11 -11 -11 -11 -11 -11 -12 -12 -13 -14 -16 -18 -20 -23 -26 -29 -32 -36 -40 -46 -54 -61 -66 -71 -75 -79 -84 -88 -89 -88 -85 -81 -76 -69 -61 -54 -47 -40 -34 -30 -27 -25 -24 -23 -23 -24 -24 -24 -24 -24 -25 -27 -28 -29 -28 -27 -25 -22 -19 -16 -11 -7 -3 - - - - -
EBT
M 104 103 104 98 88 76 64 63 70 74 76 71 59 55 53 55 59 60 59 56 53 52 50 50 49 46 46 45 45 47 44 43 42 39 39 36 30 25 24 21 24 25 22 20 20 18 17 16 13 10 4 -5 -9 -13 -31 -34 -42 -47 -26 -16 -11 -10 -10 -8 0 12 19 23 28 29 29 27 27 26 25 23 21 19 17 16 15 14 13 13 12 11 10 9 7 6 6 5 5 4 4 3 3 2 2 1 0 -1 -1 -1 -1
Income Tax Provision
M 21 20 20 19 17 15 13 13 14 15 15 14 12 11 10 10 11 11 11 11 10 10 12 13 14 15 14 14 14 15 14 13 13 12 12 11 9 8 8 7 8 8 7 6 6 6 -23 -24 -26 -25 4 3 2 0 13 10 8 5 -10 -7 -5 -5 -5 -4 -1 3 6 7 9 9 9 9 8 8 7 7 6 5 5 4 4 4 4 4 3 3 3 3 2 2 2 2 2 1 1 1 1 3 5 6 8 6 4 2 1
Income after Tax
M 83 82 84 79 71 61 51 50 56 59 61 57 48 44 43 45 48 49 48 45 43 42 38 37 35 31 31 31 31 32 30 30 29 27 27 25 20 17 16 14 16 17 15 14 14 13 40 40 39 36 0 -8 -11 -13 -44 -44 -50 -52 -16 -9 -6 -5 -5 -4 1 9 13 16 19 20 20 19 18 18 18 17 15 14 12 11 11 10 9 9 8 8 7 6 5 4 4 3 3 3 2 2 2 1 -1 -3 -5 -7 -5 -3 -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 -11 -7 -4 0 14 13 13 12 12 11 9 8 8 7 8 8 7 6 7 7 -25 -25 -28 -30 0 -1 -1 0 0 0 0 0 0 -1 -1 -1 -1 -2 -5 -9 -13 -16 -19 -20 -20 -19 -18 -18 -18 -17 -15 -14 -12 -11 -11 -10 -9 -9 -8 -8 -7 -6 -5 -4 -4 -3 -3 -3 -2 -1 -1 - - - - - - - -
Net Income
M 41 62 84 79 71 61 51 50 56 59 61 57 48 44 43 45 48 49 48 45 43 42 38 37 35 31 31 31 31 32 30 30 29 27 27 25 20 17 16 14 16 17 15 14 13 12 38 39 38 36 6 3 1 0 0 0 0 0 0 1 1 1 1 2 5 9 13 16 19 20 20 19 18 18 18 17 15 14 12 11 11 10 9 9 8 8 7 6 5 4 4 3 3 3 2 1 1 - - - - - - - -
Shares (Basic, Weighted)
M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Diluted, Weighted)
R 16,046,217.50 16,015,537.50 15,976,478.00 15,937,261.00 15,898,588.25 15,859,813.00 15,811,930.00 15,811,620.75 15,878,617.00 15,989,230.25 16,134,928.25 16,228,266.25 16,252,415.75 16,269,433.00 16,293,557.25 16,333,410.25 16,388,772.75 16,409,677.00 16,465,769.00 16,522,323.25 16,566,349.50 16,608,636.75 16,592,666.00 16,561,477.25 16,530,111.50 16,491,332.75 16,450,805.75 16,404,008.25 16,349,879.00 16,318,945.25 16,313,462.75 16,352,073.75 16,485,825.50 16,649,104.50 16,808,426.75 16,924,540.50 15,582,545.75 13,523,178.25 11,459,583.25 9,409,338.00 8,730,033.50 8,724,403.50 8,709,215.00 8,691,335.75 8,772,621.25 8,840,826.50 8,823,612.00 8,877,204.75 8,834,430.00 8,807,743.25 8,806,163.75 8,715,926.75 8,624,025.25 8,528,274.25 8,503,900.50 8,500,343.50 8,496,008.75 8,490,907.25 8,485,735.75 8,495,086.00 8,490,423.50 8,486,394.25 8,482,435.00 8,472,751.25 8,481,261.50 8,601,124.25 8,699,508.25 8,707,634.25 8,819,875.00 8,928,509.50 8,911,721.75 9,017,548.00 9,123,638.00 9,122,598.75 9,010,270.00 8,997,288.00 8,772,342.25 8,651,189.00 8,741,077.75 8,237,857.50 7,803,954.50 7,263,370.25 6,732,665.25 6,683,341.75 6,672,436.00 6,660,484.00 6,658,360.75 6,361,877.75 6,088,367.50 5,314,855.25 4,568,783.50 4,063,700.75 3,532,614.00 3,505,834.50 3,479,055.00 3,481,671.00 3,484,287.00 3,486,903.00 3,494,639.25 3,377,259.50 3,029,879.75 2,682,500.00 2,406,666.67 2,100,000.00 2,100,000.00
EBITDA
M 43,784 43,823 43,836 43,839 128 112 98 96 103 107 110 106 95 90 90 95 101 104 100 94 88 83 80 78 76 72 71 69 68 69 66 65 65 62 61 59 51 44 40 35 37 38 35 34 35 34 33 34 33 32 29 23 22 21 7 9 6 10 37 53 62 68 72 79 90 104 110 111 112 107 101 92 84 75 68 60 53 47 43 41 40 39 38 38 37 36 35 35 35 35 35 34 32 29 26 22 19 16 14 11 8 5 2 1 -1
Depreciation and Amortization
M 43,699 43,699 43,696 43,700 13 13 13 14 14 14 13 13 12 9 9 8 8 10 9 10 9 10 10 10 10 10 11 11 9 10 10 10 12 12 11 11 10 8 5 3 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 0 1 1 1 1 1 1 0 0 0 0 0 0 0
EBIT
M 86 125 113 139 115 99 85 82 90 93 97 93 83 81 82 87 92 94 91 85 78 74 70 68 66 62 60 59 58 59 56 55 53 50 50 48 41 37 35 32 35 36 33 32 33 31 31 32 31 30 27 21 20 18 5 6 4 7 34 50 59 65 70 76 87 101 107 109 109 104 97 89 81 73 65 58 51 45 42 39 38 37 36 37 36 35 34 34 34 35 35 33 32 29 25 22 19 16 13 11 8 5 2 0 -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 0 0 0 - - - - - - - -
Tax Rate (Effective)
% 20.03 19.95 19.53 19.53 19.52 19.52 20.69 20.51 20.32 20.13 19.41 19.41 19.41 19.41 18.24 18.24 18.24 18.24 18.92 18.92 18.92 18.92 23.24 26.17 29.11 32.03 31.26 31.48 31.69 31.93 30.92 30.89 30.38 30.36 30.49 30.22 32.58 32.70 33.60 35.17 33.01 32.27 31.38 30.25 30.58 30.98 -207.31 -215.35 -223.29 -196.37 18.15 21.10 38.69 7.63 5.40 12.83 3.94 10.14 96.18 86.97 89.15 89.27 54.79 60.06 55.54 53.26 28.36 29.66 31.00 31.13 31.36 31.25 31.25 31.24 29.17 28.84 28.14 27.47 28.23 27.20 27.25 27.34 27.38 28.45 28.76 29.06 29.88 30.34 29.84 30.47 30.40 30.84 32.04 31.77 32.07 29.42 24.23 20.83 337.70 804.37 654.37 478.05 313.60 -242.11 -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 0 0 - - - - - - - -
Gross Profit Margin
% 7,620.81 29,934.56 29,934.56 29,929.00 97.67 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Operating Income Margin
% 47.41 55.41 61.62 63.42 55.40 51.53 47.70 47.24 50.79 52.04 53.85 52.61 47.69 48.51 51.53 56.12 61.16 62.21 60.70 57.98 54.92 52.94 -65.01 -65.79 -66.73 -68.60 47.46 46.71 46.41 46.87 44.65 44.40 43.50 42.64 42.94 41.50 38.81 43.40 51.14 56.08 64.66 66.02 60.99 59.03 60.11 57.44 56.56 57.44 53.71 51.25 45.01 33.89 31.13 27.97 6.71 9.57 7.51 15.40 61.10 91.11 110.61 121.30 128.37 134.49 147.17 163.55 168.35 167.60 164.40 156.22 145.26 135.01 126.90 119.20 113.62 106.62 100.94 97.01 95.94 96.35 99.53 104.74 110.26 117.76 123.81 131.83 139.42 155.47 173.95 193.45 212.90 220.06 220.34 211.82 200.85 183.17 167.30 155.08 111.53 76.41 32.68 -49.76 -70.01 -108.91 -186.89
Net Income Margin
% 36.36 36.87 36.98 36.10 33.85 31.53 28.65 28.63 31.85 32.97 34.15 32.33 27.37 26.33 27.36 29.35 31.94 32.63 31.97 31.07 30.24 30.18 28.25 27.19 26.07 24.28 24.73 24.64 24.73 25.14 24.08 24.03 23.71 23.05 23.12 22.13 18.60 19.90 23.42 24.58 30.14 31.30 27.79 26.27 24.71 21.05 67.75 67.71 65.60 62.77 10.55 5.79 1.79 0.00 0.00 0.00 0.00 0.00 0.54 2.54 2.54 2.54 2.15 3.97 7.58 14.32 21.06 24.95 28.88 29.69 29.53 28.82 29.17 29.50 31.26 30.76 30.00 29.20 28.20 27.83 27.94 28.06 28.05 29.43 28.98 28.95 27.97 27.47 25.44 24.19 23.73 22.23 22.32 20.55 19.32 18.02 16.55 - - - - - - - -
EBITDA Ratio
% 19,828.00 19,845.48 19,853.01 19,856.40 61.62 58.52 55.30 55.09 58.57 59.68 61.28 59.87 54.53 54.02 56.99 61.38 66.67 68.52 67.01 64.56 61.61 59.96 58.87 58.20 57.68 56.06 55.88 55.21 53.88 54.40 52.46 52.80 53.06 52.58 52.83 51.27 48.25 51.37 57.61 61.14 68.70 70.09 65.07 63.19 64.32 61.54 60.50 61.28 57.44 55.01 48.77 37.56 34.89 31.69 10.16 13.31 11.56 19.86 66.27 96.56 116.10 126.47 133.56 139.52 152.14 168.57 172.81 171.93 168.56 160.54 149.91 139.69 131.38 123.37 117.52 110.18 104.50 100.67 99.86 100.89 104.56 110.25 116.11 123.23 129.03 136.94 144.35 160.18 178.29 196.85 216.07 223.37 223.92 216.22 206.07 188.24 172.24 159.98 142.46 135.38 125.95 67.74 49.48 12.53 -85.25
EBIT Ratio
% 36.37 53.26 67.27 63.42 55.40 51.53 47.70 47.24 50.79 52.04 53.85 52.61 47.69 48.51 51.53 56.12 61.16 62.21 60.70 57.98 54.92 52.94 51.58 50.81 49.86 48.00 47.46 46.71 46.41 46.87 44.65 44.40 43.50 42.64 42.94 41.50 38.81 43.40 51.14 56.08 64.66 66.02 60.99 59.03 60.11 57.44 56.56 57.44 53.71 51.25 45.01 33.89 31.13 27.97 6.71 9.57 7.51 15.40 61.10 91.11 110.61 121.30 128.37 134.49 147.17 163.55 168.35 167.60 164.40 156.22 145.26 135.01 126.90 119.20 113.62 106.62 100.94 97.01 95.94 96.35 99.53 104.74 110.26 117.76 123.81 131.83 139.42 155.47 173.95 193.45 212.90 220.06 220.34 211.82 200.85 183.17 167.30 155.08 138.23 130.87 120.65 61.98 43.37 5.64 -91.80
EBT Ratio
% 38.89 43.00 45.95 44.85 42.05 39.16 36.09 35.98 39.87 41.18 42.36 40.11 33.99 32.70 33.39 35.85 39.04 39.90 39.43 38.32 37.30 37.22 36.85 36.86 36.71 35.76 36.00 35.98 36.22 36.94 34.90 34.82 34.11 33.13 33.28 31.72 27.18 29.15 34.81 37.38 44.94 46.14 40.49 37.59 37.43 33.27 30.61 28.90 22.61 17.43 7.60 -7.13 -13.57 -20.43 -47.11 -52.91 -68.08 -77.15 -46.12 -28.86 -21.19 -19.19 -19.39 -16.35 -2.14 19.11 29.78 35.79 41.86 43.09 43.00 41.90 42.42 42.88 44.12 43.23 41.72 40.19 39.28 38.28 38.46 38.69 38.69 41.13 40.67 40.81 39.89 39.44 36.36 34.91 34.20 32.24 32.83 30.13 27.84 26.56 25.38 25.84 20.86 14.26 -4.05 -49.76 -70.01 -108.91 -186.89

StockViz Staff

September 19, 2024

Any question? Send us an email