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MBWM | Mercantile Bank Corporation Stock Financials Income Statements Annual

(Stock Exchange: NASDAQ)
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Financial Year End2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-31
Revenue217.99M190.32M179.22M167.42M151.49M139.09M128.75M126.91M117.21M87.81M54.33M54.70M58.52M65.59M58.89M53.49M61.43M66.85M60.95M46.73M35.67M26.71M18.30M13.47M10.20M3.06M
Cost of RevenueN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Gross Profit217.99M190.32M179.22M167.42M151.49M139.09M128.75M126.91M117.21M87.81M54.33M54.70M58.52M65.59M58.89M53.49M61.43M66.85M60.95M46.73M35.67M26.71M18.30M13.47M10.20M3.06M
Operating Expenses94.60M-90.94M-105.51M-112.57M-91.03M-65.37M-66.87M-67.43M-67.23M-51.27M-18.42M-23.31M-28.56M-47.16M-51.91M11.54M39.20M37.64M11.93M-1.28M1.48M8.20M16.38M15.19M5.60M1.46M
Selling, General & Admin72.62M77.48M77.55M70.24M63.07M59.47M54.58M52.70M52.01M34.88M21.09M26.43M24.20M26.17M23.51M23.05M23.46M19.58M19.19M14.42M11.70M8.07M5.96M4.47M3.50MN/A
Research & DevelopmentN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Other Operating ExpensesN/A-168.42M-183.06M-182.81M-154.10M-127.42M-121.45M-120.13M-119.23M-86.16M-39.51M-49.74M-52.76M-73.33M-75.42M-11.52M15.74M18.05M-7.26M-15.70M-10.22M124.00K10.42M10.72M2.10M1.46M
Operating Income102.70M99.39M73.72M54.85M60.46M73.72M61.88M59.48M49.98M36.54M35.91M31.39M29.96M18.43M6.98M65.03M100.62M104.48M72.88M45.45M37.15M34.90M34.67M28.66M15.80M4.52M
Other Expenses / IncomeN/A-16.58M-20.40M-15.69M-15.12M-15.87M-14.73M-12.92M-19.42M-18.35M-8.02M-7.06M-213.00K-13.36M-46.60M-9.84M-91.70M-10.94M-49.39M-26.59M-23.35M-23.98M-28.20M-24.56M-13.40M-2.71M
Before Tax Income102.70M75.79M73.72M54.85M60.46M51.82M46.08M46.89M38.83M25.20M25.12M18.17M10.12M-13.36M-46.60M-9.84M12.00M28.81M26.05M18.86M13.80M10.92M6.47M4.10M2.40M-1.11M
Income Tax Expenses20.48M14.73M14.70M10.71M11.00M9.80M14.81M14.97M11.81M7.87M8.09M5.64M-27.36M-47.00K5.49M-4.88M3.04M8.96M8.14M5.14M3.79M3.17M1.99M1.30M300.00KN/A
Net Income82.22M61.06M59.02M44.14M49.46M42.02M31.27M31.91M27.02M17.33M17.03M12.54M37.48M-13.32M-52.09M-4.96M8.97M19.85M17.90M13.72M10.02M7.76M4.48M2.79M2.10M-1.11M
Interest Expenses77.81M23.59M19.43M26.07M33.80M21.90M15.79M12.59M11.15M11.34M10.79M13.22M19.83M31.79M53.58M74.86M88.62M75.67M46.84M26.59M23.35M23.98M28.20M24.56M13.40M5.63M
Basic Shares Outstanding16.02M15.86M15.99M16.27M16.41M16.60M16.48M16.29M16.61M13.51M8.71M8.63M8.60M8.51M8.49M8.47M8.45M8.83M9.22M8.73M7.38M6.92M5.41M3.82M3.65M3.12M
Diluted Shares Outstanding16.02M15.86M15.99M16.27M16.41M16.61M16.49M16.31M16.64M13.56M8.72M8.85M8.88M8.51M8.49M8.47M8.45M8.94M9.40M8.92M7.56M7.02M5.46M3.86M3.69M3.12M
EBITDA114.19M88.73M87.39M64.27M70.01M61.59M56.44M56.46M46.87M32.81M27.33M20.41MN/AN/AN/AN/AN/A39.75MN/A24.49MN/AN/AN/AN/AN/AN/A
EBITDA Margin52.39%46.62%48.76%38.39%46.22%44.28%43.84%44.49%39.98%37.37%50.31%37.31%0.00%0.00%0.00%0.00%0.00%59.46%0.00%52.40%0.00%0.00%0.00%0.00%0.00%0.00%
EBIT180.51M99.39M93.15M80.92M94.26M73.72M61.88M59.48M49.98M36.54M35.91M31.39M29.96M18.43M6.98M65.03M100.62M104.48M72.88M45.45M37.15M34.90M34.67M28.66M15.80M4.52M
EBIT Margin82.81%52.22%51.97%48.33%62.22%53.00%48.06%46.87%42.64%41.61%66.10%57.39%51.19%28.10%11.85%121.57%163.81%156.30%119.57%97.27%104.14%130.68%189.51%212.80%154.90%147.71%
Financial Year End2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-31
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