Mercantile Bank Corporation
MBWM · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Revenue | $96 | $93 | $89 | $93 |
| % Growth | 2.8% | 4.9% | -3.9% | – |
| Cost of Goods Sold | $34 | $34 | $34 | $36 |
| Gross Profit | $62 | $59 | $55 | $57 |
| % Margin | 64.8% | 63.5% | 61.9% | 61.6% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $21 | $20 | $20 | $24 |
| SG&A Expenses | $21 | $20 | $20 | $26 |
| Sales & Mktg Exp. | $0 | $0 | $0 | $2 |
| Other Operating Expenses | $14 | $14 | $12 | $8 |
| Operating Expenses | $35 | $33 | $31 | $34 |
| Operating Income | $27 | $26 | $24 | $23 |
| % Margin | 28.6% | 27.8% | 27% | 25.1% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $27 | $26 | $24 | $23 |
| Tax Expense | $4 | $3 | $5 | $4 |
| Net Income | $24 | $23 | $20 | $20 |
| % Margin | 24.7% | 24.2% | 21.9% | 21.2% |
| EPS | 1.46 | 1.39 | 1.21 | 1.22 |
| % Growth | 5% | 14.9% | -0.8% | – |
| EPS Diluted | 1.46 | 1.39 | 1.21 | 1.22 |
| Weighted Avg Shares Out | 16 | 16 | 16 | 16 |
| Weighted Avg Shares Out Dil | 16 | 16 | 16 | 16 |
| Supplemental Information | – | – | – | – |
| Interest Income | $86 | $82 | $80 | $82 |
| Interest Expense | $34 | $32 | $32 | $34 |
| Depreciation & Amortization | $1 | $1 | $2 | $2 |
| EBITDA | $29 | $27 | $26 | $26 |
| % Margin | 30% | 29.3% | 28.9% | 27.6% |