Mercantile Bank Income Statement (2011-2025) | MBWM

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Income Statement	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Revenue & Cost
Provisions	2.20M	1.70M	1.10M	1.90M		-3.00M	-0.40M	0.30M	-1.50M	-1.50M	-1.70M	-2.50M	-1.90M	-0.70M	-0.40M	0.60M	1.10M	0.60M	0.60M	0.60M	0.75M	1.00M	0.60M		0.70M	0.40M		0.85M	0.90M	0.70M	-0.70M	0.75M	7.60M	3.20M	2.50M	0.30M	-3.10M	1.90M	-3.40M	0.10M	0.50M	2.90M	3.05M	0.60M	2.00M	3.30M	1.80M	1.30M	3.50M	1.10M	1.50M	2.10M	1.60M	0.20M
Revenue	15.20M	14.86M	14.10M	14.36M	13.80M	13.45M	13.64M	13.80M	13.28M	13.08M	13.68M	14.29M	12.57M	17.84M	28.89M	32.97M	31.16M	31.73M	31.04M	1.12M	1.18M	1.33M	1.26M	1.24M	1.33M	1.38M	1.40M	1.34M	1.51M	1.55M	1.53M	1.36M	1.37M	1.64M	1.60M	1.68M	1.92M	1.95M	1.97M	1.88M	2.13M	2.09M	2.12M	2.06M	2.43M	2.23M	2.20M	2.12M	2.27M	2.26M	2.18M	2.20M	2.35M	2.37M
Interest income
Interest income - Loans	16.73M	16.17M	14.95M	14.50M	13.81M	13.45M	13.39M	13.24M	12.85M	12.69M	13.41M	13.98M	12.10M	16.66M	26.32M	26.78M	26.89M	27.55M	27.83M	26.73M	28.93M	30.75M	30.41M	32.31M	31.86M	32.92M	34.68M	35.79M	36.77M	37.01M	36.26M	33.44M	34.32M	33.66M	35.97M	32.98M	33.79M	33.66M	34.62M	33.25M	36.00M	43.81M	53.79M	57.15M	62.01M	65.07M	68.88M	71.27M	72.82M	75.32M	73.76M	71.99M	73.96M	75.04M
Interest income - Investments															0.28M	0.68M	0.67M	0.64M	0.40M	0.15M	0.14M	0.14M	0.13M	0.13M	0.12M	0.12M	0.12M	0.12M	0.11M	0.09M	0.09M
Interest Income - Debt Securities	2.19M	2.40M	2.10M	-0.00M	2.40M	2.40M	2.59M	-2.23M	2.42M	2.45M	2.51M	-2.00M	1.91M	2.63M	4.82M	4.36M	4.05M	4.12M	1.61M	4.40M	4.82M	4.36M	1.24M	4.36M	4.31M	4.26M	2.01M	4.20M	4.26M	3.68M	2.76M	4.09M	3.74M	4.12M	2.60M	4.51M	4.34M	4.53M	1.17M	4.22M	4.66M	4.03M	1.38M	5.63M	5.51M	5.08M	1.54M	4.50M	5.26M	5.49M	0.68M	4.87M	6.09M	5.84M
Interest Income - Deposits	0.01M	0.01M	0.01M	0.01M	0.01M	0.01M	0.01M	0.01M	0.01M	0.01M	0.00M	0.22M	0.07M	0.06M	0.03M	0.06M	0.06M	0.12M	0.16M	0.14M	0.12M	0.38M	0.46M	0.47M	0.29M	0.31M	0.17M	0.41M	0.57M	0.65M	0.74M	0.47M	0.09M	0.14M	0.17M	0.17M	0.18M	0.29M	0.29M	0.37M	1.02M	1.62M	1.65M	0.32M	0.80M	2.81M	1.61M	2.03M	2.44M	3.90M	3.94M	2.94M	2.14M	4.30M
Interest Income - Fed Funds	0.03M	0.05M	0.06M	0.06M	0.03M	0.04M	0.05M	0.08M	0.05M	0.04M	0.04M	0.09M	0.07M	0.04M	0.01M
Interest Income - Total	19.16M	18.46M	17.04M	16.41M	15.55M	14.93M	14.77M	14.67M	14.21M	13.99M	14.67M	15.37M	13.59M	18.48M	28.90M	28.89M	30.15M	29.71M	29.71M	28.70M	30.90M	33.03M	32.90M	34.98M	34.32M	35.49M	37.20M	38.64M	39.82M	40.32M	39.56M	37.94M	37.16M	35.59M	37.62M	34.78M	35.77M	35.89M	37.05M	35.88M	39.55M	48.13M	58.28M	60.48M	65.92M	71.15M	73.80M	76.72M	78.88M	83.41M	82.49M	80.34M	81.96M	85.64M
Interest expenses
Interest Expense - Deposits	4.63M	4.33M	4.04M	3.38M	3.01M	2.84M	2.73M	2.56M	2.32M	2.22M	2.19M	2.18M	2.04M	2.27M	1.97M	1.87M	1.82M	1.92M	1.94M	1.87M	2.02M	2.65M	2.82M	3.08M	3.26M	3.57M	3.95M	4.80M	5.53M	5.57M	5.36M	4.64M	3.70M	3.47M	3.18M	2.72M	2.35M	2.18M	1.87M	1.82M	1.87M	2.30M	4.04M	7.91M	12.38M	16.14M	19.02M	22.22M	24.71M	27.59M	26.87M	25.19M	25.73M	26.82M
Interest Expense - Debt	0.61M	0.61M	0.41M	0.41M	0.39M	0.30M	0.18M	0.12M	0.12M	0.12M	0.14M	0.88M	0.15M	0.16M	0.17M	0.75M	0.61M	0.67M	0.61M	0.66M	1.00M	1.03M	0.97M	0.94M	0.99M	1.20M	1.51M	2.23M	2.26M	2.26M	2.23M	2.21M	2.21M	2.07M	2.07M	2.03M	2.05M	2.07M	2.03M	1.86M	1.91M	1.75M	1.59M	1.94M	3.05M	3.27M	3.25M	3.40M	3.25M	3.22M	3.15M	2.90M	2.90M	2.90M
Interest Expense - Others	0.31M	0.25M	0.23M	0.23M	0.24M	0.23M	0.23M	0.22M	0.30M	0.32M	0.32M	0.32M	0.32M	0.47M	0.74M
Interest Expenses	5.71M	5.30M	4.75M	4.07M	3.68M	3.42M	3.18M	2.93M	2.75M	2.68M	2.67M	2.68M	2.52M	2.93M	2.91M	3.01M	3.05M	3.26M	3.28M	3.19M	3.71M	4.39M	4.50M	4.78M	5.09M	5.65M	6.38M	7.99M	8.70M	8.71M	8.40M	7.62M	6.59M	6.08M	5.77M	5.25M	4.90M	4.76M	4.51M	5.00M	5.22M	5.75M	7.62M	12.10M	18.37M	22.19M	25.15M	29.36M	31.81M	35.12M	34.12M	31.79M	32.48M	33.64M
Interest Income - Net	13.45M	13.16M	12.29M	12.34M	11.87M	11.51M	11.58M	11.74M	11.46M	11.31M	11.99M	12.70M	11.06M	15.55M	25.99M	25.88M	27.10M	26.45M	26.43M	25.51M	27.19M	28.64M	28.40M	30.20M	29.23M	29.84M	30.82M	30.64M	31.12M	31.61M	31.17M	30.32M	30.57M	29.51M	31.85M	29.53M	30.87M	31.12M	32.53M	30.89M	34.33M	42.38M	50.66M	48.38M	47.55M	48.96M	48.65M	47.36M	47.07M	48.29M	48.36M	48.55M	49.48M	52.00M
Non-interest income
Interest Income - Total	11.25M	11.46M	11.20M	10.44M	11.87M	14.51M	11.98M	11.44M	12.95M	12.81M	13.69M	15.20M	12.96M	16.25M	26.39M	25.28M	26.00M	25.85M	25.83M	24.91M	26.44M	27.64M	27.80M	30.20M	28.52M	29.44M	30.82M	29.80M	30.22M	30.91M	31.87M	29.57M	22.97M	26.31M	29.35M	29.23M	33.97M	29.22M	35.93M	30.79M	33.83M	39.48M	47.61M	47.78M	45.55M	45.66M	46.85M	46.06M	43.57M	47.19M	46.86M	46.45M	47.88M	51.80M
Financial Services Fees																																			0.93M	0.65M	1.50M	3.94M	0.78M	1.35M	0.43M	0.57M	1.14M	1.04M	0.75M	0.94M	1.22M	1.34M	0.77M	0.39M	0.72M
Service Charges	0.42M	0.40M	0.41M	0.41M	0.39M	0.38M	0.38M	0.38M	0.37M	0.38M	0.40M	0.38M	0.36M	0.52M	0.86M	0.95M	1.09M	1.14M	1.07M	1.02M	1.05M	1.08M	1.08M
Investment Gain (Loss)																-0.00M					0.02M	0.02M	0.00M
Investment Banking Income	0.09M	0.10M	0.15M	0.34M	0.25M	0.23M	0.37M	0.39M	0.20M	0.19M	0.15M	0.11M	0.05M			0.54M	0.75M	1.17M	1.24M	0.87M	0.88M	1.13M	1.10M	0.74M	0.85M	1.12M	0.83M	0.70M	1.42M	2.90M	3.08M	2.10M	7.76M	10.20M	9.49M	9.18M	7.71M	6.66M	6.85M	3.21M	1.75M	1.83M	1.41M	0.95M	1.62M	2.47M	1.49M	2.09M	2.54M	3.39M	3.77M	2.46M	3.23M	3.51M
Mortgage Banking	0.13M	0.13M	0.20M	0.39M	0.30M	0.28M	0.45M	0.46M	0.25M	0.23M	0.19M	0.13M	0.06M	0.35M	0.57M	0.60M	0.74M	1.24M	1.29M	1.12M	0.78M	1.33M	1.19M					1.06M	1.34M	2.89M	3.19M	2.63M	7.64M	9.48M	9.60M	8.80M	7.70M	6.55M	6.91M	3.28M	1.95M	1.76M	1.67M	1.22M	1.83M	2.78M	1.77M	2.34M	3.02M	3.33M	3.61M	2.65M	3.97M	3.07M
Card Income														0.59M	0.78M	1.01M	1.08M	1.09M	1.09M	1.11M	1.18M	1.22M	1.26M
Trading Income																						0.02M	0.00M
Other Non-Interest Income	0.92M	6.73M	1.34M	5.79M	7.58M	1.71M	1.89M	1.47M	2.42M	0.66M	0.76M	-1.10M	0.79M	0.54M	0.39M	1.27M	0.85M	1.47M	-0.69M	1.74M	0.43M	0.38M	0.34M	0.39M	0.50M	0.32M	0.98M	1.63M	1.61M	0.52M	0.32M	0.43M	0.34M	0.37M	0.34M	0.34M	0.48M	1.09M	0.85M	0.42M	0.79M	0.49M	0.50M	0.52M	0.60M	0.92M	0.69M	1.47M	0.81M	0.78M	0.78M	0.54M	0.60M	0.86M
Non-Interest Income	1.75M	1.70M	1.80M	2.02M	1.93M	1.94M	2.06M	2.06M	1.83M	1.77M	1.68M	1.59M	1.51M	2.29M	2.90M	7.09M	4.06M	5.28M	4.60M	5.85M	4.04M	4.61M	4.50M	4.38M	4.55M	4.71M	5.37M	6.63M	6.33M	6.68M	7.31M	6.55M	10.98M	13.31M	14.33M	13.46M	14.56M	15.57M	12.63M	9.28M	7.74M	7.28M	7.76M	6.95M	7.64M	9.25M	8.30M	10.87M	9.68M	9.67M	10.17M	8.70M	11.46M	10.39M
Operating Items
Amortization - Intangibles	0.47M	0.45M	0.44M	0.44M	0.42M	0.37M	0.32M	0.31M	0.29M	0.26M	0.21M	0.19M	0.18M	0.37M	0.55M	0.54M	0.54M	0.55M	0.54M	0.55M	0.57M	0.58M	0.60M	0.59M	0.56M	0.54M	0.55M	0.56M	0.54M	0.56M	0.57M	0.58M	0.56M	0.58M	0.58M	0.60M	0.60M	0.60M	0.59M	0.60M	0.63M	0.70M	0.81M	0.88M	0.90M	1.16M	0.24M	0.98M	0.97M	1.06M	1.12M	1.17M	1.18M	1.26M
Depreciation & Amortization - Total	0.30M	0.30M	0.30M	0.29M	0.31M	0.30M	0.28M	0.29M	0.26M	0.26M	0.24M	0.23M	0.25M	0.37M	0.56M	0.53M	0.52M	0.53M	0.54M	0.54M	0.55M	0.54M	0.54M	0.55M	0.58M	0.66M	0.68M	0.64M	0.62M	0.63M	0.70M	0.78M	0.85M	0.87M	0.85M	0.89M	0.90M	0.93M	0.94M	0.93M	0.94M	0.95M	0.79M	0.82M	0.88M	0.89M	0.87M	0.93M	0.92M	0.94M	0.93M	0.79M	0.83M	0.85M
Research & Development													0.94M	1.44M	1.58M	1.99M	1.97M	1.99M	1.99M	2.01M	2.07M	2.07M	2.07M	2.13M	2.14M	2.15M	2.14M	2.22M	2.29M	2.34M	2.38M	2.48M	2.63M	2.68M	2.65M	2.62M	2.77M	2.75M	2.97M	2.97M	3.09M	3.14M	3.16M	3.16M	2.88M	3.04M	2.54M	3.29M	3.42M	3.44M	3.63M	3.77M	3.60M	3.94M
Wages, Salaries and Other	4.37M	4.36M	4.64M	4.52M	4.69M	4.86M	4.85M	4.97M	4.86M	4.98M	5.26M	5.20M	5.23M	7.04M	10.69M	10.99M	10.80M	11.16M	10.56M	11.27M	10.89M	11.64M	11.60M	12.34M	12.76M	12.93M	12.88M	13.02M	13.29M	13.68M	13.85M	13.53M	14.13M	16.73M	15.41M	15.09M	16.19M	15.97M	19.19M	15.51M	15.68M	16.66M	17.28M	16.68M	16.46M	17.26M	18.40M	18.24M	17.91M	20.29M	21.48M	19.56M	20.71M	21.09M
Rent Expense	0.70M	0.71M	0.71M	0.66M	0.68M	0.67M	0.60M	0.55M	0.66M	0.62M	0.64M	0.63M	0.71M	0.91M	1.51M	1.60M	1.48M	1.51M	1.46M	1.55M	1.55M	1.60M	1.48M	1.77M	1.63M	1.65M	1.66M	1.76M	1.63M	1.70M	1.97M	2.06M	1.86M	2.02M	2.01M	2.01M	1.98M	2.03M	2.07M	2.10M	2.08M	2.00M	2.19M	2.29M	2.10M	2.24M	2.52M	2.29M	2.22M	2.15M	1.99M	2.12M	2.15M	2.12M
Restructuring Costs									0.01M	0.05M	0.72M	0.47M	0.38M	3.45M	1.25M				-5.08M																																			0.61M
Other Operating Expenses	10.58M	9.43M	8.96M	8.54M	8.67M	9.63M	9.30M	8.34M	7.66M	4.14M	0.69M	6.45M	6.39M	0.86M	3.28M	15.75M	15.22M	15.63M	19.48M	15.68M	15.71M	16.00M	15.76M	16.70M	17.07M	17.19M	17.47M	17.22M	17.54M	17.36M	18.29M	17.62M	17.87M	20.85M	20.44M	19.60M	20.54M	20.50M	27.38M	19.73M	20.83M	20.69M	22.35M	22.33M	21.97M	22.75M	24.01M	23.44M	23.18M	25.78M	27.26M	24.43M	26.80M	27.23M
Operating Expenses	11.58M	10.44M	9.97M	9.50M	9.65M	10.60M	10.19M	9.18M	8.58M	8.81M	9.92M	9.09M	9.21M	16.07M	20.74M	19.87M	19.19M	19.66M	18.39M	19.78M	19.88M	20.21M	19.85M	21.15M	21.41M	21.65M	21.96M	21.83M	22.09M	22.03M	23.34M	22.94M	23.22M	26.42M	25.94M	25.12M	26.19M	26.21M	33.35M	25.74M	26.94M	26.78M	28.49M	28.60M	27.83M	28.92M	29.94M	29.94M	29.74M	32.30M	33.81M	31.10M	33.38M	34.75M
EBIT	7.13M	8.02M	7.77M	7.03M	7.83M	9.27M	7.04M	7.25M	8.95M	8.45M	8.13M	10.38M	7.79M	5.40M	11.46M	15.51M	13.92M	14.73M	15.33M	14.18M	14.31M	16.43M	16.96M	18.21M	16.75M	18.14M	20.61M	22.59M	23.17M	24.27M	24.24M	20.79M	17.33M	19.28M	23.51M	22.83M	27.24M	23.35M	19.73M	19.32M	19.85M	25.73M	34.49M	38.24M	43.73M	48.18M	50.36M	56.35M	55.32M	59.68M	57.35M	55.84M	58.44M	61.08M
Net income details
EBT	1.42M	2.72M	3.02M	2.96M	4.15M	5.85M	3.86M	4.32M	6.20M	5.77M	5.46M	7.70M	5.26M	2.48M	8.55M	12.50M	10.87M	11.47M	12.04M	10.98M	10.60M	12.04M	12.46M	13.43M	11.66M	12.50M	14.23M	14.60M	14.46M	15.55M	15.85M	13.18M	10.74M	13.19M	17.74M	17.58M	22.34M	18.58M	15.22M	14.32M	14.62M	19.97M	26.87M	26.14M	25.37M	25.99M	25.21M	26.98M	23.52M	24.56M	23.23M	24.05M	25.96M	27.44M
Tax Provisions				27.40M	1.27M	1.86M	1.24M	1.27M	1.80M	1.75M	2.00M	2.54M	1.68M	0.97M	2.60M	3.95M	3.44M	3.63M	4.77M	3.37M	3.26M	3.70M	4.48M	2.55M	2.21M	2.38M	3.03M	2.77M	2.75M	2.95M	2.53M	2.50M	2.04M	2.51M	7.89M	3.34M	4.24M	3.53M	3.58M	2.83M	2.89M	3.94M	6.42M	5.16M	5.01M	5.13M	7.21M	5.42M	4.73M	4.94M	4.00M	4.51M	3.34M	3.68M
Profit After Tax	1.42M	2.72M	3.02M	30.32M	2.88M	3.99M	2.62M	3.05M	4.40M	4.02M	3.45M	5.16M	3.58M	1.51M	5.95M	8.55M	7.43M	7.84M	8.09M	7.62M	7.34M	8.34M	7.98M	10.88M	9.45M	10.12M	11.57M	11.82M	11.71M	12.60M	13.32M	10.67M	8.70M	10.69M	14.08M	14.24M	18.09M	15.05M	11.64M	11.49M	11.74M	16.03M	21.80M	20.97M	20.36M	20.86M	20.03M	21.56M	18.79M	19.62M	19.63M	19.54M	22.62M	23.76M
Income from Continuing Operations	1.42M	2.72M	3.02M	-24.44M	2.88M	3.99M	2.62M	3.05M	4.40M	4.02M	3.45M	5.16M	3.58M	1.51M	5.95M	8.55M	7.43M	7.84M	7.27M	7.62M	7.34M	8.34M	7.98M	10.88M	9.45M	10.12M	11.20M	11.82M	11.71M	12.60M	13.32M	10.67M	8.70M	10.69M	9.85M	14.24M	18.09M	15.05M	11.64M	11.49M	11.74M	16.03M	20.45M	20.97M	20.36M	20.86M	17.99M	21.56M	18.79M	19.62M	19.23M	19.54M	22.62M	23.76M
Consolidated Net Income	1.42M	2.72M	3.02M	-24.44M	2.88M	3.99M	2.62M	3.05M	4.40M	4.02M	3.45M	5.16M	3.58M	1.51M	5.95M	8.55M	7.43M	7.84M	7.27M	7.62M	7.34M	8.34M	7.98M	10.88M	9.45M	10.12M	11.20M	11.82M	11.71M	12.60M	13.32M	10.67M	8.70M	10.69M	9.85M	14.24M	18.09M	15.05M	11.64M	11.49M	11.74M	16.03M	20.45M	20.97M	20.36M	20.86M	17.99M	21.56M	18.79M	19.62M	19.23M	19.54M	22.62M	23.76M
Income towards Parent Company	1.42M	2.72M	3.02M	-24.44M	2.88M	3.99M	2.62M	3.05M	4.40M	4.02M	3.45M	5.16M	3.58M	1.51M	5.95M	8.55M	7.43M	7.84M	7.27M	7.62M	7.34M	8.34M	7.98M	10.88M	9.45M	10.12M	11.20M	11.82M	11.71M	12.60M	13.32M	10.67M	8.70M	10.69M	9.85M	14.24M	18.09M	15.05M	11.64M	11.49M	11.74M	16.03M	20.45M	20.97M	20.36M	20.86M	17.99M	21.56M	18.79M	19.62M	19.23M	19.54M	22.62M	23.76M
Preferred Dividend Payments	0.33M	0.34M	0.34M	0.33M	0.33M	0.70M
Net Income towards Common Stockholders	1.09M	2.38M	2.68M	29.99M	2.55M	3.29M	2.62M	3.05M	4.40M	4.02M	3.45M	5.16M	3.58M	1.51M	5.95M	8.55M	7.43M	7.84M	8,085.00M	7.62M	7.34M	8.34M	7.98M	10.88M	9.45M	10.12M	11.20M	11.82M	11.71M	12.60M	13.32M	10.67M	8.70M	10.69M	9.85M	14.24M	18.09M	15.05M	11.64M	11.49M	11.74M	16.03M	20.45M	20.97M	20.36M	20.86M	17.99M	21.56M	18.79M	19.62M	19.23M	19.54M	22.62M	23.76M
Additional items
EPS (Basic)	0.13	0.28	0.31	3.49	0.30	0.38	0.30	0.35	0.51	0.46	0.40	0.59	0.41	0.13	0.35	0.52	0.46	0.48	0.49	0.46	0.45	0.51	0.48	0.66	0.57	0.61	0.70	0.72	0.71	0.77	0.81	0.65	0.54	0.66	0.86	0.87	1.12	0.95	0.74	0.73	0.74	1.01	1.37	1.31	1.27	1.30	1.24	1.34	1.17	1.22	1.21	1.21	1.39	1.46
EPS (Weighted Average and Diluted)	0.12	0.27	0.30	3.37	0.28	0.36	0.30	0.35	0.50	0.46	0.40	0.59	0.41	0.13	0.35	0.52	0.46	0.48	0.49	0.46	0.45	0.51	0.48	0.66	0.57	0.61	0.70	0.72	0.71	0.77	0.81	0.65	0.54	0.66	0.86	0.87	1.12	0.95	0.74	0.73	0.74	1.01	1.37	1.31	1.27	1.30	1.24	1.34	1.17	1.22	1.21	1.21	1.39	1.46
Shares Outstanding (Weighted Average)		8.61M	8.60M					8.64M			8.71M	8.71M	8.74M	8.74M	16.85M	16.23M	16.24M	16.28M	16.30M	16.43M	16.47M	16.48M	16.49M	16.59M	16.60M	16.61M	16.59M	16.42M	16.42M	16.42M	16.34M	16.33M	16.21M	16.23M	16.23M	16.26M	16.16M	15.89M	15.67M	15.84M	15.84M	15.86M	15.87M	16.00M	16.00M	16.02M	16.02M	16.12M	16.12M	16.14M	16.23M	16.24M	16.25M	16.25M
Shares Outstanding (Diluted Average)	8.88M	8.88M	8.88M		8.99M	9.04M	8.90M		8.72M	8.72M	8.73M		8.74M	11.44M	16.93M	16.33M	16.29M	16.31M		16.45M	16.49M	16.49M		16.60M	16.61M	16.62M		16.44M	16.43M	16.42M		16.35M	16.28M	16.27M		16.28M	16.20M	16.09M		15.84M	15.85M	15.86M		16.00M	16.00M	16.02M		16.12M	16.12M	16.14M		16.20M	16.24M	16.25M
EBITDA	7.43M	8.32M	8.08M	7.33M	8.14M	9.56M	7.32M	7.54M	9.21M	8.71M	8.37M	10.61M	8.03M	5.77M	12.02M	16.03M	14.44M	15.26M	15.87M	14.71M	14.86M	16.97M	17.50M	18.76M	17.34M	18.80M	21.29M	23.22M	23.79M	24.89M	24.94M	21.57M	18.18M	20.15M	24.36M	23.72M	28.14M	24.27M	20.67M	20.25M	20.78M	26.68M	35.28M	39.06M	44.61M	49.07M	51.23M	57.28M	56.25M	60.61M	58.28M	56.62M	59.27M	61.93M
Tax Rate					30.59%	31.74%	32.16%	29.43%	29.00%	30.41%	36.70%	32.96%	31.98%	39.03%	30.42%	31.61%	31.62%	31.61%	39.62%	30.67%	30.75%	30.75%	35.95%	19.00%	18.99%	19.00%	21.28%	19.00%	19.00%	18.99%	15.95%	19.00%	19.01%	19.00%	44.50%	19.00%	19.00%	19.00%	23.53%	19.75%	19.75%	19.74%	23.90%	19.75%	19.75%	19.75%	28.62%	20.10%	20.11%	20.11%	17.21%	18.75%	12.88%	13.42%

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Mercantile Bank Income Statement (2011-2025) | MBWM

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