Mercantile Bank Corporation (MBWM)

USD 41.94

(0.99%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 217.98 Million 190.32 Million 179.22 Million 167.41 Million 151.49 Million 139.09 Million
Cost of Revenue - - - - - -
Gross Profit 217.98 Million 190.32 Million 179.22 Million 167.41 Million 151.49 Million 139.09 Million
Operating Expenses 225.68 Million -90.93 Million -105.5 Million -112.57 Million -91.03 Million -65.37 Million
Selling, General and Administrative Expenses 72.62 Million 77.48 Million 77.55 Million 70.23 Million 63.06 Million 59.46 Million
Research and Development Expenses - - - - - -
Other Expenses - -168.41 Million -183.05 Million -182.8 Million -154.09 Million -127.41 Million
Cost and Expenses 200.8 Million -90.93 Million -105.5 Million -112.57 Million -91.03 Million -65.37 Million
Operating Income 102.69 Million 99.38 Million 73.71 Million 54.84 Million 60.46 Million 73.72 Million
Interest Expense 77.81 Million 23.59 Million 19.43 Million 26.06 Million 33.8 Million 21.89 Million
Income Tax Expense 20.48 Million 14.72 Million 14.69 Million 10.71 Million 11 Million 9.79 Million
Earnings before Tax 102.69 Million 75.79 Million 73.71 Million 54.84 Million 60.46 Million 51.82 Million
Net Income 82.21 Million 61.06 Million 59.02 Million 44.13 Million 49.45 Million 42.02 Million
Earnings Per Share Basic 5.13 3.85 3.69 2.71 3.01 2.53
Earnings Per Share Diluted 5.13 3.85 3.69 2.71 3.01 2.53
Weighted Average Shares Outstanding 16.01 Million 15.85 Million 15.98 Million 16.26 Million 16.4 Million 16.6 Million
Weighted Average Shares Outstanding (Diluted) 16.01 Million 15.85 Million 15.98 Million 16.26 Million 16.4 Million 16.6 Million
Gross Margin 1.00 1.00 1.00 1.00 1.00 1.00
EBIT Margin 0.52 0.59 0.49 0.38 0.46 0.60
Profit Margin 0.38 0.32 0.33 0.26 0.33 0.30
EBITDA 114.19 Million 88.73 Million 87.39 Million 64.27 Million 70.01 Million 61.58 Million
Earnings Before Tax Margin 0.47 0.52 0.41 0.33 0.40 0.53

Income Statement Charts

Created with Highcharts 11.1.0Value in USDRevenue Vs Earnings TrendRevenueEarnings2020202120222023050M100M150M200M250M
Created with Highcharts 11.1.0Value in USDIncome DistributionRevenueGross ProfitOperating IncomeNet Income2020202120222023050M100M150M200M250M