Mercantile Bank Corporation
NASDAQ:MBWM
43.46 (USD) • At close January 14, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue
| 217.988 | 190.321 | 179.224 | 167.418 | 151.49 | 139.092 | 128.749 | 126.905 | 117.212 | 87.806 | 54.328 | 54.695 | 58.519 | 65.593 | 58.891 | 53.491 | 61.427 | 66.848 | 60.953 | 46.729 | 35.672 | 26.707 | 18.297 | 13.467 | 10.2 | 3.06 |
| 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
| 217.988 | 190.321 | 179.224 | 167.418 | 151.49 | 139.092 | 128.749 | 126.905 | 117.212 | 87.806 | 54.328 | 54.695 | 58.519 | 65.593 | 58.891 | 53.491 | 61.427 | 66.848 | 60.953 | 46.729 | 35.672 | 26.707 | 18.297 | 13.467 | 10.2 | 3.06 |
| Gross Profit Ratio
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reseach & 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 |
| General & Administrative Expenses
| 71.059 | 77.483 | 77.551 | 70.239 | 63.068 | 59.467 | 54.579 | 52.699 | 52.007 | 34.885 | 21.091 | 26.429 | 23.453 | 25.265 | 22.857 | 22.493 | 22.876 | 18.983 | 18.635 | 13.956 | 11.371 | 7.771 | 5.712 | 4.274 | 3.3 | 0 |
| Selling & Marketing Expenses
| 1.565 | 1.445 | 1.175 | 1.292 | 1.446 | 1.648 | 1.608 | 1.586 | 1.363 | 1.315 | 1.113 | 1.167 | 0.747 | 0.906 | 0.65 | 0.559 | 0.585 | 0.6 | 0.554 | 0.465 | 0.325 | 0.3 | 0.248 | 0.197 | 0.2 | 0 |
| SG&A
| 72.624 | 77.483 | 77.551 | 70.239 | 63.068 | 59.467 | 54.579 | 52.699 | 52.007 | 34.885 | 21.091 | 26.429 | 24.2 | 26.171 | 23.507 | 23.052 | 23.461 | 19.583 | 19.189 | 14.421 | 11.696 | 8.071 | 5.96 | 4.471 | 3.5 | 0 |
| Other Expenses
| 153.064 | -168.419 | -183.059 | -182.809 | -154.098 | -127.416 | -121.45 | -120.127 | -119.234 | -86.155 | -39.508 | -49.737 | -52.763 | -73.333 | -75.419 | -11.515 | 15.737 | 18.053 | -7.258 | -15.698 | -10.22 | 0.124 | 10.417 | 10.72 | 2.1 | 1.46 |
| Operating Expenses
| 225.688 | -90.936 | -105.508 | -112.57 | -91.03 | -65.371 | -66.871 | -67.428 | -67.227 | -51.27 | -18.417 | -23.308 | -28.563 | -47.162 | -51.912 | 11.537 | 39.198 | 37.636 | 11.931 | -1.277 | 1.476 | 8.195 | 16.377 | 15.191 | 5.6 | 1.46 |
| Operating Income
| 102.699 | 99.385 | 73.716 | 54.848 | 60.46 | 73.721 | 61.878 | 59.477 | 49.985 | 36.536 | 35.911 | 31.387 | 29.956 | 18.431 | 6.979 | 65.028 | 100.625 | 104.484 | 72.884 | 45.452 | 37.148 | 34.902 | 34.674 | 28.658 | 15.8 | 4.52 |
| Operating Income Ratio
| 0.471 | 0.522 | 0.411 | 0.328 | 0.399 | 0.53 | 0.481 | 0.469 | 0.426 | 0.416 | 0.661 | 0.574 | 0.512 | 0.281 | 0.119 | 1.216 | 1.638 | 1.563 | 1.196 | 0.973 | 1.041 | 1.307 | 1.895 | 2.128 | 1.549 | 1.477 |
| Total Other Income Expenses Net
| 0 | -16.577 | -20.398 | -15.689 | -15.122 | -15.874 | -14.735 | -12.917 | -19.42 | -18.348 | -8.021 | -7.062 | -0.213 | -13.363 | -46.597 | -9.835 | -91.704 | -10.938 | -49.393 | -26.595 | -23.347 | -23.978 | -28.201 | -24.56 | -13.4 | -2.709 |
| Income Before Tax
| 102.699 | 75.79 | 73.716 | 54.848 | 60.46 | 51.822 | 46.083 | 46.887 | 38.831 | 25.196 | 25.125 | 18.171 | 10.124 | -13.363 | -46.597 | -9.835 | 12.001 | 28.811 | 26.046 | 18.857 | 13.801 | 10.924 | 6.473 | 4.098 | 2.4 | -1.109 |
| Income Before Tax Ratio
| 0.471 | 0.398 | 0.411 | 0.328 | 0.399 | 0.373 | 0.358 | 0.369 | 0.331 | 0.287 | 0.462 | 0.332 | 0.173 | -0.204 | -0.791 | -0.184 | 0.195 | 0.431 | 0.427 | 0.404 | 0.387 | 0.409 | 0.354 | 0.304 | 0.235 | -0.362 |
| Income Tax Expense
| 20.482 | 14.727 | 14.695 | 10.71 | 11.004 | 9.798 | 14.809 | 14.974 | 11.811 | 7.865 | 8.092 | 5.636 | -27.361 | -0.047 | 5.49 | -4.876 | 3.035 | 8.964 | 8.145 | 5.136 | 3.785 | 3.167 | 1.99 | 1.303 | 0.3 | 0 |
| Net Income
| 82.217 | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 | 31.274 | 31.913 | 27.02 | 17.331 | 17.033 | 12.535 | 37.485 | -13.316 | -52.087 | -4.959 | 8.966 | 19.847 | 17.901 | 13.721 | 10.016 | 7.757 | 4.483 | 2.795 | 2.1 | -1.109 |
| Net Income Ratio
| 0.377 | 0.321 | 0.329 | 0.264 | 0.326 | 0.302 | 0.243 | 0.251 | 0.231 | 0.197 | 0.314 | 0.229 | 0.641 | -0.203 | -0.884 | -0.093 | 0.146 | 0.297 | 0.294 | 0.294 | 0.281 | 0.29 | 0.245 | 0.208 | 0.206 | -0.362 |
| 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 |
| EPS Diluted
| 5.13 | 3.85 | 3.69 | 2.71 | 3.01 | 2.53 | 1.9 | 1.96 | 1.62 | 1.28 | 1.95 | 1.3 | 4.07 | -1.57 | -6.14 | -0.59 | 1.06 | 2.22 | 1.9 | 1.54 | 1.32 | 1.1 | 0.82 | 0.72 | 0.57 | -0.36 |
| EBITDA
| 114.195 | 88.735 | 87.394 | 64.273 | 70.013 | 61.588 | 56.441 | 56.463 | 46.866 | 32.809 | 27.333 | 20.409 | 0 | 0 | 0 | 0 | 0 | 39.749 | 0 | 24.488 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA Ratio
| 0.524 | 0.59 | 0.488 | 0.384 | 0.462 | 0.6 | 0.561 | 0.544 | 0.526 | 0.503 | 0.702 | 0.615 | 0.549 | 0.318 | 0.162 | 1.267 | 1.688 | 1.606 | 1.238 | 1.009 | 1.096 | 1.358 | 1.931 | 2.172 | 1.598 | 1.565 |