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Mercantile Bank Corporation Income Statement 2025-2008 | MBWM
Brief overview of profit and loss at Mercantile Bank Corporation
The overview follows changes across a five-year period. Revenue at Mercantile Bank Corporation moved from 87.8 million dollars in 2014 to 151 million dollars in 2019. Across the full period, sales moved by +72.5%; the average annual rate was 11.5%. The company expanded its sales base at a healthy rate.
Net income changed from 17.3 million dollars to 49.5 million dollars (+185.4%). The latest figure was the best within the selected horizon.
Market value was $257 million at the start and $549 million at the end. Investors responded cautiously to the improvement in the business.
Conclusion
Financial performance is improving but still needs confirmation. The financial profile benefits from revenue expansion and net-income growth. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Mercantile Bank Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
848 M | 772 M | 583 M | 543 M | 560 M | 429 M | 549 M | 557 M | 580 M | 526 M | 371 M | 257 M | 178 M | 142 M | 98.9 M | 52.2 M | - | - |
Shares |
16.2 M | 16.1 M | 16 M | 15.9 M | 16 M | 16.3 M | 16.4 M | 16.6 M | 16.5 M | 16.3 M | 16.6 M | 13.5 M | 8.71 M | 8.63 M | 8.6 M | 8.51 M | - | - |
Historical Prices |
52.2 | 47.8 | 36.4 | 34.2 | 35 | 26.4 | 34 | 24.8 | 30.3 | 31.1 | 19.7 | 16.5 | 15.1 | 11.3 | 6.65 | 6.13 | 3.36 | 8.41 |
Net Income |
88.8 M | 79.6 M | 82.2 M | 61.1 M | 59 M | 44.1 M | 49.5 M | 42 M | 31.3 M | 31.9 M | 27 M | 17.3 M | 17 M | 12.5 M | 37.5 M | -13.3 M | -52.1 M | - |
Revenue |
- | - | - | - | - | - | 151 M | 139 M | 129 M | 127 M | 117 M | 87.8 M | 54.3 M | 54.7 M | 58.5 M | - | - | - |
Cost of Revenue |
83.2 M | 77.9 M | 68.8 M | 65.1 M | 66.4 M | 59.8 M | 53.8 M | 50.9 M | 45.4 M | 43.5 M | 42.6 M | 33.7 M | 20.3 M | 19.4 M | 17.9 M | 18.3 M | 20.3 M | - |
Interest Expense |
201 M | 191 M | 194 M | 158 M | 19.4 M | 26.1 M | 33.8 M | 21.9 M | 15.8 M | 12.6 M | 11.2 M | 11.3 M | 10.8 M | 13.2 M | 19.8 M | 31.8 M | 53.6 M | - |
EBITDA |
5.8 M | 10.5 M | 11.5 M | 12.9 M | 13.7 M | 9.42 M | - | - | - | - | - | - | - | - | - | 2.44 M | 2.58 M | - |
Operating Expenses |
- | - | - | - | - | - | 125 M | 109 M | 98 M | 93 M | 90 M | 69 M | 39 M | 50 M | 68 M | - | - | - |
General and Administrative Expenses |
- | - | - | - | - | - | 63.3 M | 60.4 M | 54.6 M | 52.7 M | 52 M | 40.8 M | 24.5 M | 29.6 M | 23.5 M | - | - | - |
All numbers in USD currency
Quarterly Income Statement Mercantile Bank Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
17.3 M | 17.2 M | 16.2 M | 16.2 M | 16.2 M | 16.1 M | 16.1 M | 16.1 M | 16.1 M | 16.1 M | 16 M | 16 M | 16 M | 16 M | 15.9 M | 15.8 M | 15.8 M | 15.8 M | 15.9 M | 16.1 M | 16.3 M | 16.3 M | 16.2 M | 16.2 M | 16.4 M | 16.4 M | 16.4 M | 16.4 M | 16.4 M | 16.5 M | 16.6 M | 16.6 M | 16.6 M | 16.6 M | 16.5 M | 16.5 M | 16.4 M | 16.4 M | 16.3 M | 16.2 M | 16.3 M | 16.4 M | 16.4 M | 16.8 M | 16.9 M | 17 M | 16.9 M | 11.4 M | 8.74 M | 8.74 M | 8.71 M | 8.71 M | 8.71 M | 8.71 M | 8.62 M | 8.61 M | 8.61 M | 8.61 M | 8.6 M | 8.6 M | 8.6 M |
Net Income |
25.9 M | 22.7 M | 23.8 M | 22.6 M | 19.5 M | - | 19.6 M | 18.8 M | 21.6 M | - | 20.9 M | 20.4 M | 21 M | - | 16 M | 11.7 M | 11.5 M | 11.6 M | 15.1 M | 18.1 M | 14.2 M | 14.1 M | 10.7 M | 8.7 M | 10.7 M | 13.3 M | 12.6 M | 11.7 M | 11.8 M | 11.6 M | 10.1 M | 9.45 M | 10.9 M | 7.98 M | 8.34 M | 7.34 M | 7.62 M | 8.08 M | 7.84 M | 7.43 M | 8.55 M | 6.48 B | 7.34 M | 6.56 M | 6.65 M | 6.29 M | 5.95 M | 1.51 M | 3.58 M | 5.16 M | 3.45 M | 4.02 M | 4.4 M | 3.05 M | 2.62 M | 3.99 M | 2.88 M | 30 M | 3.02 M | 2.72 M | 1.42 M |
Cost of Revenue |
24.6 M | 23.7 M | 21.1 M | 20.7 M | 19.6 M | - | 20.3 M | 17.9 M | 18.2 M | - | 17.3 M | 16.5 M | 16.7 M | - | 16.7 M | 15.7 M | 15.5 M | - | 16 M | 16.2 M | 15.1 M | - | 16.7 M | 14.1 M | 13.5 M | - | 13.7 M | 13.3 M | 13 M | - | 12.9 M | 12.8 M | 12.3 M | - | 11.6 M | 10.9 M | 11.3 M | - | 11.2 M | 10.8 M | 11 M | - | 10.7 M | 11.1 M | 10.1 M | - | 10.7 M | 7.04 M | 5.23 M | - | 5.26 M | 4.98 M | 4.86 M | - | 4.85 M | 4.86 M | 4.69 M | - | 4.64 M | 4.36 M | 4.37 M |
Interest Expense |
57.3 M | 55.9 M | 52 M | 49.5 M | 48.5 M | - | 48.3 M | 47.1 M | 47.4 M | - | 49 M | 47.6 M | 12.1 M | - | 5.75 M | 5.22 M | 5 M | 32.5 M | 4.76 M | 4.9 M | 5.25 M | 31.8 M | 6.08 M | 6.59 M | 7.62 M | 31.2 M | 8.71 M | 8.7 M | 7.99 M | 30.8 M | 5.65 M | 5.09 M | 4.78 M | 28.4 M | 4.39 M | 3.71 M | 3.2 M | 26.4 M | 3.26 M | 3.05 M | 3.01 M | 25.7 B | 2.88 M | 2.62 M | 2.74 M | 25.2 M | 2.91 M | 2.93 M | 2.52 M | 12.7 M | 2.67 M | 2.68 M | 2.76 M | 11.7 M | 3.18 M | 3.42 M | 3.68 M | 12.3 M | 4.75 M | 5.3 M | 5.71 M |
EBITDA |
2.88 M | 1.7 M | 4.41 M | 3.06 M | 1.65 M | - | 1.5 M | 1.5 M | 2.77 M | - | 1.5 M | 1.4 M | 3.05 M | - | 1.5 M | 1.5 M | 3.46 M | - | 10.2 M | 1.4 M | 3.46 M | - | 6.26 M | 3.38 M | 982 K | - | 7 M | 4.72 M | 2.18 M | - | 7.34 M | 4.93 M | 2.48 M | - | 7.82 M | 5.35 M | 2.55 M | - | 6.73 M | 4.28 M | 2.77 M | - | 8.6 M | 5.59 M | 2.83 M | - | 4.73 M | 1.97 M | 512 K | - | 1.63 M | 1.09 M | 553 K | - | 1.67 M | 1.09 M | 510 K | - | 1.69 M | 1.15 M | 575 K |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Mercantile Bank Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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