Mercantile Bank Corporation
MBWM · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $362 | $304 | $214 | $199 |
| % Growth | 19.2% | 41.9% | 7.7% | – |
| Cost of Goods Sold | $138 | $86 | $30 | $15 |
| Gross Profit | $224 | $218 | $184 | $184 |
| % Margin | 61.9% | 71.8% | 85.9% | 92.4% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $80 | $71 | $66 | $68 |
| SG&A Expenses | $82 | $73 | $68 | $69 |
| Sales & Mktg Exp. | $2 | $2 | $1 | $1 |
| Other Operating Expenses | $44 | $43 | $40 | $40 |
| Operating Expenses | $126 | $115 | $108 | $110 |
| Operating Income | $98 | $103 | $76 | $74 |
| % Margin | 27.2% | 33.8% | 35.4% | 37.1% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $98 | $103 | $76 | $74 |
| Tax Expense | $19 | $20 | $15 | $15 |
| Net Income | $80 | $82 | $61 | $59 |
| % Margin | 22% | 27.1% | 28.5% | 29.7% |
| EPS | 4.93 | 5.13 | 3.85 | 3.69 |
| % Growth | -3.9% | 33.2% | 4.3% | – |
| EPS Diluted | 4.93 | 5.13 | 3.85 | 3.69 |
| Weighted Avg Shares Out | 16 | 16 | 16 | 16 |
| Weighted Avg Shares Out Dil | 16 | 16 | 16 | 16 |
| Supplemental Information | – | – | – | – |
| Interest Income | $322 | $271 | $182 | $143 |
| Interest Expense | $130 | $78 | $24 | $19 |
| Depreciation & Amortization | $11 | $11 | $13 | $14 |
| EBITDA | $109 | $114 | $89 | $87 |
| % Margin | 30.1% | 37.6% | 41.5% | 44% |