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Mercantile Bank Corp. (MBWM)
NASDAQ:MBWM
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Mercantile Bank (MBWM) Income Statement

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Mercantile Bank Income Statement

Last quarter (Q3 2024), Mercantile Bank's total revenue was $57.96M, a decrease of -0.43% from the same quarter last year. In Q3, Mercantile Bank's net income was $19.62M. See Mercantile Bank’s key income statements, including revenue, expenses, profit, and income.
Income Statement
TTM
Dec 23Dec 22Dec 21Dec 20Dec 19
Total Revenue
$ 229.89M$ 225.69M$ 190.32M$ 180.28M$ 167.42M$ 151.49M
Credit Losses Provision
$ 7.70M$ 7.70M$ 6.55M$ 4.30M$ 14.05M$ 1.75M
Non Interest Expense
$ 62.04M$ 115.29M$ 107.98M$ 110.87M$ 98.52M$ 89.28M
Incomefrom Associatesand Other Participating Interests
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Special Income Charges
$ -13.62M$ -28.72M$ -25.17M$ -21.64M$ -24.99M$ -24.13M
Pretax Income
$ 100.27M$ 102.70M$ 75.79M$ 73.72M$ 54.85M$ 60.46M
Tax Provision
$ 9.42M$ 20.48M$ 14.73M$ 14.70M$ 10.71M$ 11.00M
Earnings From Equity Interest Net Of Tax
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Net Income Common Stockholders
$ 80.00M$ 82.22M$ 61.06M$ 59.02M$ 44.14M$ 49.46M
Basic EPS
$ 4.98$ 5.13$ 3.85$ 3.69$ 2.71$ 3.01
Diluted EPS
$ 4.98$ 5.13$ 3.85$ 3.69$ 2.71$ 3.01
Basic Average Shares
$ 64.42M$ 16.02M$ 15.86M$ 15.99M$ 16.27M$ 16.41M
Diluted Average Shares
$ 64.42M$ 16.02M$ 15.86M$ 15.99M$ 16.27M$ 16.41M
Dividend Per Share
$ 2.40$ 1.34$ 1.26$ 1.18--
Reported Normalized Basic E P S
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Reported Normalized Diluted E P S
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Rent Expense Supplemental
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Interest Income After Provision For Loan Loss
$ 183.67M$ 185.84M$ 151.69M$ 119.76M$ 108.20M$ 122.78M
Net Income From Continuing And Discontinued Operation
$ 80.00M$ 82.22M$ 61.06M$ 59.02M$ 44.14M$ 49.46M
Normalized Income
$ 11.52M$ 31.22M----
Total Money Market Investments
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Ebit
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Ebitda
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Currency in USD

Mercantile Bank Earnings and Revenue History

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