Mercantile Bank Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 59.00M31.80M6.90M-3.10M-7.20M-3.00M-1.00M2.90M2.95M1.10M1.75M14.05M-4.30M6.55M7.70M7.40M
Revenue 58.89M65.59M4.97M32.53M5.52M87.81M117.21M4.28M4.76M5.35M5.92M5.97M7.52M8.22M8.91M8.82M
Interest income
Interest income - Loans 93.90M77.79M62.36M53.90M52.92M80.82M104.11M109.05M116.82M131.76M145.82M137.40M135.05M166.85M253.11M293.16M
Interest income - Investments 2.61M2.39M0.56M0.49M0.41M
Interest Income - Debt Securities 7.50M7.85M6.68M5.16M5.39M11.13M15.73M14.14M14.82M14.94M14.90M14.55M14.56M14.32M17.77M15.93M
Interest Income - Deposits 0.02M0.04M0.02M0.03M0.23M0.23M0.21M0.40M1.10M1.24M2.37M0.88M0.93M4.65M5.55M12.30M
Interest Income - Fed Funds 0.14M0.18M0.20M0.19M0.21M0.12M
Interest Income - Total 104.91M88.14M71.07M59.92M58.24M89.12M112.33M118.46M125.54M141.98M158.34M148.31M143.49M181.84M271.36M321.50M
Interest expenses
Interest Expense - Deposits 41.27M23.53M16.38M11.14M8.91M8.38M7.59M7.55M9.36M13.87M21.26M14.98M9.11M10.04M55.44M101.39M
Interest Expense - Debt 8.81M5.51M2.03M0.99M1.26M2.20M2.64M2.57M3.66M4.65M8.98M8.57M8.18M7.12M11.37M13.02M
Interest Expense - Others 1.65M1.35M1.01M0.93M1.26M2.20M
Interest Expenses 53.58M31.79M19.83M13.22M10.79M11.34M11.15M12.59M15.79M21.90M33.80M26.07M19.43M23.59M77.81M130.42M
Interest Income - Net 51.33M56.35M51.24M46.70M47.46M77.78M101.17M105.87M109.75M120.08M124.53M122.25M124.06M158.24M193.54M191.09M
Non-interest income
Interest Income - Total -7.67M24.55M44.34M49.80M54.66M80.78M102.17M102.97M106.80M118.98M122.78M108.20M128.36M151.69M185.84M183.69M
Financial Services Fees 0.93M6.86M3.49M3.95M3.21M
Service Charges 2.02M1.80M1.64M1.52M1.53M2.59M3.31M4.25M4.23M
Investment Gain (Loss) 0.02M-0.00M0.04M
Investment Banking Income 0.91M0.85M0.68M1.25M0.66M1.62M3.63M3.70M3.97M3.54M8.11M29.54M30.40M8.20M6.53M11.80M
Mortgage Banking 1.20M1.09M0.85M1.48M0.80M1.67M3.62M3.87M4.42M4.11M8.48M29.35M29.96M8.66M7.59M12.30M
Card Income 0.67M0.73M0.82M0.89M1.06M2.49M4.33M4.28M4.76M
Trading Income -0.00M0.04M
Other Non-Interest Income 4.85M37.13M19.90M12.64M1.33M1.31M2.24M2.90M2.73M2.19M3.89M1.38M2.77M1.90M2.73M3.84M
Non-Interest Income 7.56M9.24M7.28M7.99M6.87M10.03M16.04M21.04M19.00M19.01M26.96M45.17M56.22M32.08M32.14M40.39M
Operating Items
Amortization - Intangibles 3.35M2.29M1.80M1.42M0.95M1.64M2.09M2.17M2.31M2.24M2.23M2.30M2.39M2.73M3.66M4.12M
Depreciation & Amortization - Total 1.87M1.48M1.21M1.18M0.98M1.74M2.33M2.12M2.17M2.47M2.58M3.35M3.65M3.61M3.46M3.72M
Research & Development 2.53M2.60M2.72M3.19M3.44M5.87M7.70M7.94M8.22M8.56M9.23M10.44M11.10M12.36M11.62M13.77M
Wages, Salaries and Other 20.33M18.30M17.89M19.37M20.30M33.70M42.59M43.52M45.40M50.91M53.83M59.80M66.45M65.12M68.80M77.92M
Rent Expense 3.38M2.84M2.78M2.50M2.55M4.64M5.98M6.06M6.19M6.71M7.06M7.95M8.09M8.36M9.15M8.64M
Restructuring Costs 1.31M1.25M5.45M
Other Operating Expenses 37.41M40.24M34.79M32.75M16.07M22.66M63.38M61.00M63.14M68.43M70.40M76.78M1.06M83.65M91.06M99.66M
Operating Expenses 46.49M47.16M41.49M39.62M36.40M65.61M79.38M77.12M79.72M86.17M89.28M98.52M110.87M107.98M115.29M125.79M
Operating Income -37.58M-8.14M-33.66M8.82M13.59M16.41M16.13M10.88M12.70M11.52M15.48M15.91M21.57M20.64M
EBIT 6.98M18.43M-37.58M-8.14M-33.66M8.82M13.59M16.41M16.13M10.88M12.70M11.52M15.48M15.91M21.57M20.64M
Non-operating items
Other Non Operating Income 0.13M0.21M0.24M
Net income details
EBT -46.60M-13.36M10.12M18.17M25.12M25.20M38.83M46.89M46.08M51.82M60.46M54.85M73.72M75.79M102.70M98.29M
Tax Provisions 5.49M-0.05M-27.36M5.64M8.09M7.87M11.81M15.79M14.81M10.17M11.00M14.95M14.70M16.08M22.52M19.09M
Profit After Tax -52.09M-13.32M37.48M12.54M17.03M17.33M27.02M31.91M31.27M42.02M49.46M44.14M59.02M61.06M82.22M79.59M
Equity Income -12.07M32.15M-18.73M14.46M9.13M5.65M4.00M17.16M14.01M33.45M17.09M
Income from Continuing Operations -52.09M-13.32M37.48M12.54M17.03M17.33M27.02M31.10M31.27M41.65M49.46M39.90M59.02M59.71M80.18M79.20M
Consolidated Net Income -52.09M-13.32M37.48M12.54M17.03M17.33M27.02M31.10M31.27M41.65M49.46M39.90M59.02M59.71M80.18M79.20M
Income towards Parent Company -52.09M-13.32M37.48M12.54M17.03M17.33M27.02M31.10M31.27M41.65M49.46M39.90M59.02M59.71M80.18M79.20M
Preferred Dividend Payments 0.80M1.29M1.34M1.03M
Net Income towards Common Stockholders -52.89M-14.61M36.14M11.51M17.03M17.33M27.02M31.91M31.27M41.65M49.46M39.90M59.02M59.71M80.18M79.20M
Additional items
EPS (Basic) -6.23-1.724.201.331.961.281.631.961.902.533.012.713.693.855.134.93
EPS (Weighted Average and Diluted) -6.23-1.724.071.301.951.281.621.961.902.533.012.713.693.855.134.93
Shares Outstanding (Weighted Average) 8.60M8.64M8.71M16.89M16.27M16.30M16.49M16.59M16.34M16.23M15.67M15.87M16.02M16.23M
Tax Rate 0.35%31.02%32.21%31.22%30.42%33.67%32.14%19.62%18.20%27.25%19.93%21.22%21.93%19.42%