Mercantile Bank Corporation
MBWM · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Revenue | $96,031 | $93,420 | $89,040 | $92,658 |
| % Growth | 2.8% | 4.9% | -3.9% | – |
| Cost of Goods Sold | $33,841 | $34,079 | $33,890 | $35,625 |
| Gross Profit | $62,190 | $59,341 | $55,150 | $57,033 |
| % Margin | 64.8% | 63.5% | 61.9% | 61.6% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $21,094 | $19,557 | $19,557 | $23,979 |
| SG&A Expenses | $21,094 | $19,557 | $19,557 | $25,583 |
| Sales & Mktg Exp. | $0 | $0 | $0 | $1,604 |
| Other Operating Expenses | $13,656 | $13,822 | $11,547 | $8,223 |
| Operating Expenses | $34,750 | $33,379 | $31,104 | $33,806 |
| Operating Income | $27,440 | $25,962 | $24,046 | $23,227 |
| % Margin | 28.6% | 27.8% | 27% | 25.1% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $27,440 | $25,962 | $24,046 | $23,227 |
| Tax Expense | $3,682 | $3,344 | $4,509 | $3,601 |
| Net Income | $23,758 | $22,618 | $19,537 | $19,626 |
| % 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 | 16,229 | 16,219 | 16,198 | 16,143 |
| Weighted Avg Shares Out Dil | 16,229 | 16,219 | 16,198 | 16,143 |
| Supplemental Information | – | – | – | – |
| Interest Income | $85,643 | $81,958 | $80,338 | $82,486 |
| Interest Expense | $33,641 | $32,480 | $31,790 | $34,125 |
| Depreciation & Amortization | $1,344 | $1,417 | $1,647 | $2,358 |
| EBITDA | $28,784 | $27,379 | $25,693 | $25,585 |
| % Margin | 30% | 29.3% | 28.9% | 27.6% |