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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
US Market

Mercantile Bank (MBWM) Income Statement

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Mercantile Bank Income Statement

Last quarter (Q4 2024), Mercantile Bank's total revenue was $58.53M, a decrease of -20.69% from the same quarter last year. In Q4, Mercantile Bank's net income was $19.63M. See Mercantile Bank’s key income statements, including revenue, expenses, profit, and income.
Income Statement
Dec 24Dec 23Dec 22Dec 21Dec 20
Total Revenue
$ 321.50M$ 217.99M$ 190.32M$ 179.22M$ 167.42M
Gross Profit
$ 321.50M$ 217.99M$ 190.32M$ 179.22M$ 167.42M
Operating Expenses
$ 1.60M$ 225.69M$ -90.94M$ -105.51M$ -112.57M
Depreciation and Amortization
$ 10.51M$ 11.50M$ 12.95M$ 13.68M$ 9.43M
EBITDA
$ 0.00$ 114.19M$ 88.73M$ 87.39M$ 64.27M
Operating Income
$ 319.90M$ 102.70M$ 99.39M$ 73.72M$ 54.85M
Other Income/Expenses
$ -221.61M$ 0.00$ -16.58M$ -20.40M$ -15.69M
Pretax Income
$ 98.29M$ 102.70M$ 75.79M$ 73.72M$ 54.85M
Net Income
$ 79.59M$ 82.22M$ 61.06M$ 59.02M$ 44.14M
Per Share Metrics
Basic EPS
$ 4.93$ 5.13$ 3.85$ 3.69$ 2.71
Diluted EPS
$ 4.93$ 5.13$ 3.85$ 3.69$ 2.71
Weighted Average Shares Outstanding
16.13M 16.02M 15.86M 15.99M 16.27M
Weighted Average Shares Outstanding (Diluted)
16.13M 16.02M 15.86M 15.99M 16.27M
Currency in USD

Mercantile Bank Earnings and Revenue History

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