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Mercantile Bank Corporation MBWM
Financial Services - Banks - Regional - NASDAQ - US
Watchlist
$ 49.1
-0.708 %
$ 793 M
Market Cap
9.9
P/E
INCOME STATEMENT
218 M REVENUE
14.54%
Growth Rates
1Year 14.54%
3Years 9.20%
5Years 9.40%
7Years 8.04%
10Years 14.91%
103 M OPERATING INCOME
3.33%
Growth Rates
1Year 3.33%
3Years 23.25%
5Years 6.86%
7Years 8.12%
10Years 11.08%
82.2 M NET INCOME
34.64%
Growth Rates
1Year 34.64%
3Years 23.04%
5Years 14.36%
7Years 14.48%
10Years 17.05%
EFFICIENCY
Earnings Waterfall Mercantile Bank Corporation
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Revenue 218 M
Cost Of Revenue 0
Gross Profit 218 M
Operating Expenses 94.6 M
Operating Income 103 M
Other Expenses 20.5 M
Net Income 82.2 M

Income Statement

Millions
Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015 Dec-2014 Dec-2013 Dec-2012 Dec-2011 Dec-2010 Dec-2009 Dec-2008 Dec-2007 Dec-2006 Dec-2005 Dec-2004 Dec-2003 Dec-2002 Dec-2001 Dec-2000 Dec-1999 Dec-1998
REVENUE
Revenue 218.0 190.3 179.2 167.4 151.5 139.1 128.7 126.9 117.2 87.8 54.3 54.7 58.5 65.6 58.9 53.5 61.4 66.8 61.0 46.7 35.7 26.7 18.3 13.5 10.2 3.1
GROSS PROFIT
Cost Of Revenue 0 0 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 218.0 190.3 179.2 167.4 151.5 139.1 128.7 126.9 117.2 87.8 54.3 54.7 58.5 65.6 58.9 53.5 61.4 66.8 61.0 46.7 35.7 26.7 18.3 13.5 10.2 3.1
OPERATING INCOME
Operating Expenses 94.6 (90.9) (105.5) (112.6) (91.0) (65.4) (66.9) (67.4) (67.2) (51.3) (18.4) (23.3) (28.6) (47.2) (51.9) 11.5 39.2 37.6 11.9 (1.3) 1.5 8.2 16.4 15.2 5.6 1.5
Selling, General and Administrative Expenses 72.6 77.5 77.6 70.2 63.1 59.5 54.6 52.7 52.0 34.9 21.1 26.4 24.2 26.2 23.5 23.1 23.5 19.6 19.2 14.4 11.7 8.1 6.0 4.5 3.5 0
Research and Development Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income 102.7 99.4 73.7 54.8 60.5 73.7 61.9 59.5 50.0 36.5 35.9 31.4 30.0 18.4 7.0 65.0 100.6 104.5 72.9 45.5 37.1 34.9 34.7 28.7 15.8 4.5
PRE-TAX INCOME
Interest Income Expense 77.8 23.6 19.4 26.1 33.8 21.9 15.8 12.6 11.2 11.3 10.8 13.2 19.8 31.8 53.6 74.9 88.6 75.7 46.8 26.6 23.3 24.0 28.2 24.6 13.4 5.6
Total Other Income 0 (16.6) (20.4) (15.7) (15.1) (15.9) (14.7) (12.9) (19.4) (18.3) (8.0) (7.1) (0.2) (13.4) (46.6) (9.8) (91.7) (10.9) (49.4) (26.6) (23.3) (24.0) (28.2) (24.6) (13.4) (2.7)
Pre-Tax Income 102.7 75.8 73.7 54.8 60.5 51.8 46.1 46.9 38.8 25.2 25.1 18.2 10.1 (13.4) (46.6) (9.8) 12.0 28.8 26.0 18.9 13.8 10.9 6.5 4.1 2.4 (1.1)
NET INCOME
Tax Provision 20.5 14.7 14.7 10.7 11.0 9.8 14.8 15.0 11.8 7.9 8.1 5.6 (27.4) 47 K 5.5 (4.9) 3.0 9.0 8.1 5.1 3.8 3.2 2.0 1.3 0.3 0
Net Income 82.2 61.1 59.0 44.1 49.5 42.0 31.3 31.9 27.0 17.3 17.0 12.5 37.5 (13.3) (52.1) (5.0) 9.0 19.8 17.9 13.7 10.0 7.8 4.5 2.8 2.1 (1.1)
EPS 5.13 3.85 3.69 2.71 3.01 2.53 1.9 1.96 1.63 1.28 1.96 1.33 4.2 1.57 6.14 0.59 1.06 2.25 1.94 1.57 1.36 1.12 0.83 0.73 0.58 0.36