Mercantile Bank Income Statement (2016-2025) | MBWM

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Income Statement 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 Dec2025
Revenue & Cost
Provisions (Quarter) 0.60M1.10M0.60M0.60M0.60M0.75M1.00M0.60M0.70M0.40M0.85M0.90M0.70M-0.70M0.75M7.60M3.20M2.50M0.30M-3.10M1.90M-3.40M0.10M0.50M2.90M3.05M0.60M2.00M3.30M1.80M1.30M3.50M1.10M1.50M2.10M1.60M0.20M-0.70M
Revenue (Quarter) 32.97M31.16M31.73M31.04M1.02M1.18M1.08M1.08M0.88M0.99M1.38M0.40M1.34M1.51M1.19M-2.65M1.22M1.37M1.14M1.60M0.56M1.92M1.32M1.17M1.42M0.46M0.21M1.46M0.98M0.57M2.23M1.54M0.20M0.69M2.26M2.45M0.08M1.97M2.37M-3.45M
Interest income
Interest income - Loans (Quarter) 26.78M26.89M27.55M27.83M26.73M28.93M30.75M30.41M32.31M31.86M32.92M34.68M35.79M36.77M37.01M36.26M33.44M34.32M33.66M35.97M32.98M33.79M33.66M34.62M33.25M36.00M43.81M53.79M57.15M62.01M65.07M68.16M71.27M72.82M75.32M72.52M71.99M73.96M75.04M70.36M
Interest income - Investments (Quarter) 0.68M0.67M0.64M0.40M0.15M0.14M0.14M0.13M0.13M0.12M0.12M0.12M0.12M0.11M0.09M0.09M
Interest Income - Debt Securities (Quarter) 4.36M4.05M1.49M8.48M4.40M1.28M4.36M1.24M1.60M4.31M1.72M-6.20M1.88M4.26M3.68M2.76M4.09M2.19M4.12M2.60M1.03M1.20M1.34M-8.26M4.22M4.66M2.00M8.76M5.63M2.21M2.11M1.64M4.50M5.26M5.49M1.68M4.87M4.68M5.84M4.40M
Interest Income - Deposits (Quarter) 0.06M0.06M0.12M0.16M0.14M0.12M0.38M0.46M0.47M0.29M0.31M0.17M0.41M0.57M0.65M0.74M0.47M0.09M0.14M0.17M0.17M0.18M0.29M0.29M0.37M1.02M1.62M1.65M0.32M0.80M2.81M3.76M2.03M2.44M3.90M7.17M2.94M2.14M4.30M6.97M
Interest Income - Total (Quarter) 28.89M30.15M29.71M29.71M28.70M30.90M33.03M32.90M34.98M34.32M35.49M37.20M38.64M39.82M40.32M39.56M37.94M37.16M35.59M37.62M34.78M35.77M35.89M37.05M35.88M39.55M48.13M58.28M60.48M65.92M71.15M73.80M76.72M78.88M83.41M82.49M80.34M81.96M85.64M82.25M
Interest expenses
Interest Expense - Deposits (Quarter) 1.87M1.82M1.92M1.94M1.87M2.02M2.65M2.82M3.08M3.26M3.57M3.95M4.80M5.53M5.57M5.36M4.64M3.70M3.47M3.18M2.72M2.35M2.18M1.87M1.82M1.87M2.30M4.04M7.91M12.38M16.14M19.02M22.22M24.71M27.59M26.87M25.19M25.73M26.82M24.77M
Interest Expense - Debt (Quarter) 0.75M0.61M0.06M2.41M0.66M0.05M0.66M-0.10M0.69M0.99M0.81M4.47M2.23M2.26M0.81M2.23M2.21M2.21M0.04M0.04M0.04M0.47M0.46M-4.18M1.86M1.39M1.65M6.97M0.46M2.02M0.69M9.30M1.65M3.25M3.22M-1.58M2.90M2.90M2.90M2.71M
Interest Expenses (Quarter) 3.01M3.05M3.26M3.28M3.19M3.71M4.39M4.50M4.78M5.09M5.65M6.38M7.99M8.70M8.71M8.40M7.62M6.59M6.08M5.77M5.25M4.90M4.76M4.51M5.00M5.22M5.75M7.62M12.10M18.37M22.19M25.15M29.36M31.81M35.12M34.12M31.79M32.48M33.64M31.24M
Interest Income - Net (Quarter) 25.88M27.10M26.45M26.43M25.51M27.19M28.64M28.40M30.20M29.23M29.84M30.82M30.64M31.12M31.61M31.17M30.32M30.57M29.51M31.85M29.53M30.87M31.12M32.53M30.89M34.33M42.38M50.66M48.38M47.55M48.96M48.65M47.36M47.07M48.29M48.36M48.55M49.48M52.00M51.02M
Non-interest income
Interest Income - Total (Quarter) 25.28M26.00M25.85M25.83M24.91M26.44M27.64M27.80M30.20M28.52M29.44M30.82M29.80M30.22M30.91M31.87M29.57M22.97M26.31M29.35M29.23M33.97M29.22M35.93M30.79M33.83M39.48M47.61M47.78M45.55M45.66M46.85M46.06M43.57M47.19M46.86M46.45M47.88M51.80M51.72M
Financial Services Fees (Quarter) 0.93M0.65M1.50M3.94M0.78M1.35M0.43M0.57M1.14M1.04M0.75M0.94M1.22M1.34M0.77M0.39M0.72M
Service Charges (Quarter) 0.95M1.09M1.14M1.07M1.02M1.05M1.08M1.08M
Investment Gain (Loss) (Quarter) -0.00M0.02M0.02M0.00M
Investment Banking Income (Quarter) 0.54M0.75M1.17M1.24M0.87M0.88M1.13M1.10M0.74M0.85M1.12M0.83M0.70M1.42M2.90M3.08M2.10M7.76M10.20M9.49M9.18M7.71M6.66M6.85M3.21M1.75M1.83M1.41M0.95M1.62M2.47M1.49M2.09M2.54M3.39M3.77M2.46M3.23M3.51M3.38M
Mortgage Banking (Quarter) 0.60M0.74M1.24M1.29M1.12M0.78M1.33M1.19M1.06M1.34M2.89M3.19M2.63M7.64M9.48M9.60M8.80M7.70M6.55M6.91M3.28M1.95M1.76M1.67M1.22M1.83M2.78M1.77M2.34M3.02M3.33M3.61M2.65M3.97M3.07M3.33M
Card Income (Quarter) 1.01M1.08M1.09M1.09M1.11M1.18M1.22M1.26M
Trading Income (Quarter) 0.02M0.00M
Other Non-Interest Income (Quarter) 1.27M0.30M1.59M1.74M1.01M0.33M-0.28M0.39M0.32M0.07M1.03M0.37M0.36M3.12M0.34M0.31M0.29M-0.10M0.28M0.48M0.74M0.18M0.29M0.79M0.24M0.37M0.40M0.60M0.42M-0.36M1.17M0.44M0.05M0.50M0.06M0.56M0.17M1.33M
Non-Interest Income (Quarter) 7.09M4.06M5.28M4.60M5.85M4.04M4.61M4.50M4.38M4.55M4.71M5.37M6.63M6.33M6.68M7.31M6.55M10.98M13.31M14.33M13.46M14.56M15.57M12.63M9.28M7.74M7.28M7.76M6.95M7.64M9.25M8.30M10.87M9.68M9.67M10.17M8.70M11.46M10.39M11.06M
Operating Items
Amortization - Intangibles (Quarter) 0.54M0.54M0.55M0.54M0.55M0.57M0.58M0.60M0.59M0.56M0.54M0.55M0.56M0.54M0.56M0.57M0.58M0.56M0.58M0.58M0.60M0.60M0.60M0.59M0.60M0.63M0.70M0.81M0.88M0.90M1.16M0.24M0.98M0.97M1.06M1.12M1.17M1.18M1.26M1.34M
Depreciation & Amortization - Total (Quarter) 0.53M0.52M0.53M0.54M0.54M0.55M0.54M0.54M0.55M0.58M0.66M0.68M0.64M0.62M0.63M0.70M0.78M0.85M0.87M0.85M0.89M0.90M0.93M0.94M0.93M0.94M0.95M0.79M0.82M0.88M0.89M0.87M0.93M0.92M0.94M0.93M0.79M0.83M0.85M0.90M
Research & Development (Quarter) 1.99M1.97M1.99M1.99M2.01M2.07M2.07M2.07M2.13M2.14M2.15M2.14M2.22M2.29M2.34M2.38M2.48M2.63M2.68M2.65M2.62M2.77M2.75M2.97M2.97M3.09M3.14M3.16M3.16M2.88M3.04M2.54M3.29M3.42M3.44M3.63M3.77M3.60M3.94M3.96M
Wages, Salaries and Other (Quarter) 10.99M10.80M11.16M10.56M11.27M10.89M11.64M11.60M12.34M12.76M12.93M12.88M13.02M13.29M13.68M13.85M13.53M14.13M16.73M15.41M15.09M16.19M15.97M19.19M15.51M15.68M16.66M17.28M16.68M16.46M17.26M18.40M18.24M17.91M20.29M21.48M19.56M20.71M21.09M21.84M
Rent Expense (Quarter) 1.60M1.48M1.51M1.46M1.55M1.55M1.60M1.48M1.77M1.63M1.65M1.66M1.76M1.63M1.70M1.97M2.06M1.86M2.02M2.01M2.01M1.98M2.03M2.07M2.10M2.08M2.00M2.19M2.29M2.10M2.24M2.52M2.29M2.22M2.15M1.99M2.12M2.15M2.12M2.12M
Restructuring Costs (Quarter) 0.61M1.19M
Other Operating Expenses (Quarter) 15.75M15.22M15.63M14.40M15.68M15.71M16.00M15.76M16.70M17.07M17.19M17.47M17.22M17.54M17.36M18.29M17.62M19.60M1.06M19.73M22.33M21.97M22.75M24.01M23.44M23.18M25.78M27.26M24.43M26.80M27.23M28.57M
Operating Expenses (Quarter) 19.87M19.19M19.66M18.39M19.78M19.88M20.21M19.85M21.15M21.41M21.65M21.96M21.83M22.09M22.03M23.34M22.94M23.22M26.42M25.94M25.12M26.19M26.21M33.35M25.74M26.94M26.78M28.49M28.60M27.83M28.92M29.94M29.94M29.74M32.30M33.81M31.10M33.38M34.75M36.73M
EBIT (Quarter) 15.51M13.92M14.73M15.33M14.18M14.31M16.43M16.96M18.21M16.75M18.14M20.61M22.59M23.17M24.27M24.24M20.79M17.33M19.28M23.51M22.83M27.24M23.35M19.73M19.32M19.85M25.73M34.49M38.24M43.73M48.18M50.36M56.35M55.32M59.68M57.35M55.84M58.44M61.08M57.28M
Net income details
EBT (Quarter) 12.50M10.87M11.47M12.04M10.98M10.60M12.04M12.46M13.43M11.66M12.50M14.23M14.60M14.46M15.55M15.85M13.18M10.74M13.19M17.74M17.58M22.34M18.58M15.22M14.32M14.62M19.97M26.87M26.14M25.37M25.99M25.21M26.98M23.52M24.56M23.23M24.05M25.96M27.44M26.05M
Tax Provisions (Quarter) 3.95M3.44M3.63M4.77M3.37M3.26M3.70M4.48M2.55M2.21M2.38M3.03M2.77M2.75M2.95M2.53M2.50M2.04M2.51M3.66M3.34M4.24M3.53M1.56M2.83M2.89M3.94M5.07M5.16M5.01M5.13M7.21M5.42M4.73M4.94M4.00M4.51M3.34M3.68M1.12M
Profit After Tax (Quarter) 8.55M7.43M7.84M8.09M7.62M7.34M8.34M7.98M10.88M9.45M10.12M11.57M11.82M11.71M12.60M13.32M10.67M8.70M10.69M14.08M14.24M18.09M15.05M11.64M11.49M11.74M16.03M21.80M20.97M20.36M20.86M20.03M21.56M18.79M19.62M19.63M19.54M22.62M23.76M22.84M
Income from Continuing Operations (Quarter) 8.55M7.43M7.84M7.27M7.62M7.34M8.34M7.98M10.88M9.45M10.12M11.20M11.82M11.71M12.60M13.32M10.67M8.70M10.69M14.08M14.24M18.09M15.05M13.66M11.49M11.74M16.03M21.80M20.97M20.36M20.86M17.99M21.56M18.79M19.62M19.23M19.54M22.62M23.76M24.93M
Consolidated Net Income (Quarter) 8.55M7.43M7.84M7.27M7.62M7.34M8.34M7.98M10.88M9.45M10.12M11.20M11.82M11.71M12.60M13.32M10.67M8.70M10.69M14.08M14.24M18.09M15.05M13.66M11.49M11.74M16.03M21.80M20.97M20.36M20.86M17.99M21.56M18.79M19.62M19.23M19.54M22.62M23.76M24.93M
Income towards Parent Company (Quarter) 8.55M7.43M7.84M7.27M7.62M7.34M8.34M7.98M10.88M9.45M10.12M11.20M11.82M11.71M12.60M13.32M10.67M8.70M10.69M14.08M14.24M18.09M15.05M13.66M11.49M11.74M16.03M21.80M20.97M20.36M20.86M17.99M21.56M18.79M19.62M19.23M19.54M22.62M23.76M24.93M
Net Income towards Common Stockholders (Quarter) 8,549.00M7,434.00M7,845.00M8,085.00M7.62M7.34M8.34M7.98M10.88M9.45M10.12M11.20M11.82M11.71M12.60M13.32M10.67M8.70M10.69M14.08M14.24M18.09M15.05M13.66M11.49M11.74M16.03M21.80M20.97M20.36M20.86M17.99M21.56M18.79M19.62M19.23M19.54M22.62M23.76M24.93M
Additional items
EPS (Basic) (Quarter) 0.520.460.480.490.460.450.510.480.660.570.610.700.720.710.770.810.650.540.660.860.871.120.950.740.730.741.011.371.311.271.301.241.341.171.221.211.211.391.461.41
EPS (Weighted Average and Diluted) (Quarter) 0.520.460.480.490.460.450.510.480.660.570.610.700.720.710.770.810.650.540.660.860.871.120.950.740.730.741.011.371.311.271.301.241.341.171.221.211.211.391.461.41
Shares Outstanding (Weighted Average) (Quarter) 16.29M16.24M16.28M16.29M16.43M16.45M16.48M16.48M16.60M16.60M16.60M16.60M16.43M16.43M16.42M16.41M16.35M16.28M16.23M16.27M16.28M16.20M16.08M15.99M15.84M15.85M15.85M15.86M16.00M16.00M16.01M16.02M16.12M16.12M16.14M16.13M16.20M16.22M16.25M16.24M
Shares Outstanding (Diluted Average) (Quarter) 16.33M16.29M16.31M16.31M16.45M16.47M16.47M16.49M16.60M16.61M16.62M16.61M16.44M16.43M16.39M16.41M16.35M16.28M16.27M16.27M16.28M16.20M16.09M15.99M15.84M15.85M15.86M15.86M16.00M16.00M16.02M16.02M16.12M16.12M16.14M16.13M16.20M16.24M16.25M
EBITDA (Quarter) 16.03M14.44M15.26M15.87M14.71M14.86M16.97M17.50M18.76M17.34M18.80M21.29M23.22M23.79M24.89M24.94M21.57M18.18M20.15M24.36M23.72M28.14M24.27M20.67M20.25M20.78M26.68M35.28M39.06M44.61M49.07M51.23M57.28M56.25M60.61M58.28M56.62M59.27M61.93M58.18M
Tax Rate (Quarter) 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%20.62%19.00%19.00%19.00%10.26%19.75%19.75%19.74%18.86%19.75%19.75%19.75%28.62%20.10%20.11%20.11%17.21%18.75%12.88%13.42%4.30%