Mercantile Bank Corporation

NASDAQ MBWM

Data sourced from iex and EODHD
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Mercantile Bank Corporation Income Statement 1998 - 2023

This table shows the Income Statement for Mercantile Bank Corporation going from 1998 until 2023. 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 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31 2007-12-31 2006-12-31 2005-12-31 2004-12-31 2003-12-31 2002-12-31 2001-12-31 2000-12-31 1999-12-31 1998-12-31
Revenue
M 304 190 179 167 151 139 129 127 117 88 54 55 59 66 59 53 61 67 61 47 36 27 18 13 10 3
Cost of Revenue
M - - - - - 23 19 15 10 8 4 10 27 64 113 96 100 81 51 31 27 27 31 26 - -
Gross Profit
M 304 190 179 167 151 139 129 127 117 88 54 55 59 66 59 53 61 67 61 47 36 27 18 13 10 3
Operating Expenses
M 34 91 106 113 91 65 67 67 67 51 18 23 29 47 52 -12 -39 -38 -12 1 -1 -8 -16 -15 -6 -1
Selling, General, and Administrative Expenses (SG&A)
M 71 77 78 70 63 59 55 53 52 35 21 26 23 25 23 22 23 19 19 14 11 8 6 4 3 -
Research and Development (R&D) Expenses
M - - - - - 0 0 0 0 0 0 0 0 - - - - - - - - - - - - -
Other Operating Expenses
M - - - - - 6 12 15 15 16 -3 -3 5 - - - - - - - - - - - - -
Costs and Expenses
M - - - - - -88 -86 -83 -77 -60 -22 -33 -55 -111 -164 -85 -60 -44 -39 -33 -26 -19 -14 -11 - -
Operating Income
M 270 99 74 55 60 74 62 59 50 37 36 31 30 18 7 65 101 104 73 45 37 35 35 29 16 5
Interest Expense
M 22 24 19 26 34 22 16 13 11 11 11 13 20 32 54 75 89 76 47 27 23 24 28 25 13 6
Non-operating Income/Expense
M 103 -24 74 55 -34 -22 -16 -13 -11 -11 -11 -13 -20 -32 -54 -75 -89 -76 -47 -27 -23 -24 -28 -25 -13 -6
EBT
M 103 76 74 55 60 52 46 47 39 25 25 18 10 -13 -47 -10 12 29 26 19 14 11 6 4 2 -1
Income Tax Provision
M 20 15 15 11 11 10 15 15 12 8 8 6 -27 0 5 -5 3 9 8 5 4 3 2 1 0 -
Income after Tax
M 82 61 59 44 49 42 31 32 27 17 17 13 37 -13 -52 -5 9 20 18 14 10 8 4 3 2 -
Non-Controlling Interest
M - 0 0 0 0 0 0 0 12 8 8 7 -26 - - - - - - - - - - - - -
Net Income
M - 61 59 44 49 42 31 32 27 17 17 12 36 - - - 9 20 18 14 10 8 4 3 - -
Shares (Basic, Weighted)
M - - - - - - - - - - - - - - - - - - - - - - - - - -
Shares (Diluted, Weighted)
R 16,015,678.00 15,859,901.00 15,987,303.00 16,269,319.00 16,409,135.00 16,606,416.00 16,489,070.00 16,310,730.00 16,642,140.00 13,555,519.00 8,724,708.00 8,849,627.00 8,878,180.00 8,507,572.00 8,489,679.00 8,470,721.00 8,453,483.00 8,943,927.00 9,398,025.00 8,923,468.00 7,561,808.00 7,021,359.00 5,461,499.00 3,855,731.00 3,693,639.00 3,120,949.00
EBITDA
M 11 112 87 64 70 83 72 69 62 44 38 34 32 21 10 68 104 107 75 47 39 36 35 29 16 5
Depreciation and Amortization
M 11 13 14 9 10 10 10 10 12 8 2 2 2 2 3 3 3 3 3 2 2 1 1 1 1 0
EBIT
M 0 99 74 55 60 74 62 59 50 37 36 31 30 18 7 65 101 104 73 45 37 35 35 29 16 5
Income from Discontinued Operations
M - - - - - - - - - - - - - - - - - - - - - - - - - -
Tax Rate (Effective)
% 19.94 19.43 19.93 19.53 18.20 18.91 32.14 31.94 30.42 31.22 32.21 31.02 -270.26 0.35 -11.78 49.58 25.29 31.11 31.27 27.24 27.43 28.99 30.74 31.80 12.50 -
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 - -
Gross Profit Margin
% 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
% 88.84 52.22 41.13 32.76 39.91 53.00 48.06 46.87 42.64 41.61 66.10 57.39 51.19 28.10 11.85 121.57 163.81 156.30 119.57 97.27 104.14 130.68 189.51 212.80 154.90 147.71
Net Income Margin
% - 32.08 32.93 26.36 32.65 30.21 24.29 25.15 23.05 19.74 31.35 21.03 61.76 - - - 14.60 29.69 29.37 29.36 28.08 29.04 24.50 20.75 - -
EBITDA Ratio
% 3.79 59.02 48.76 38.39 46.22 60.02 56.11 54.41 52.59 50.28 70.16 61.48 54.95 31.82 16.23 126.73 168.83 160.62 123.77 100.90 109.60 135.80 193.06 217.18 159.80 156.54
EBIT Ratio
% 0.00 52.22 41.13 32.76 39.91 53.00 48.06 46.87 42.64 41.61 66.10 57.39 51.19 28.10 11.85 121.57 163.81 156.30 119.57 97.27 104.14 130.68 189.51 212.80 154.90 147.71
EBT Ratio
% 33.84 39.82 41.13 32.76 39.91 37.26 35.79 36.95 33.13 28.70 46.25 33.22 17.30 -20.37 -79.12 -18.39 19.54 43.10 42.73 40.35 38.69 40.90 35.38 30.43 23.53 -36.24

StockViz Staff

September 19, 2024

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