Last quarter (Q3 2024), Mercantile Bank's total revenue was $57.96M, a decrease of -0.43% from the same quarter last year. In Q3, Mercantile Bank's net income was $19.62M. See Mercantile Bank’s key income statements, including revenue, expenses, profit, and income.

Income Statement	TTM	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Total Revenue	$ 229.89M	$ 225.69M	$ 190.32M	$ 180.28M	$ 167.42M	$ 151.49M
Cost of Revenue	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Gross Profit	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Operating Expense	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Operating Income	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Net Non Operating Interest Income Expense	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Other Income Expense	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Pretax Income	$ 100.27M	$ 102.70M	$ 75.79M	$ 73.72M	$ 54.85M	$ 60.46M
Tax Provision	$ 9.42M	$ 20.48M	$ 14.73M	$ 14.70M	$ 10.71M	$ 11.00M
Earnings From Equity Interest Net Of Tax	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Net Income Common Stockholders	$ 80.00M	$ 82.22M	$ 61.06M	$ 59.02M	$ 44.14M	$ 49.46M
Basic EPS	$ 4.98	$ 5.13	$ 3.85	$ 3.69	$ 2.71	$ 3.01
Diluted EPS	$ 4.98	$ 5.13	$ 3.85	$ 3.69	$ 2.71	$ 3.01
Basic Average Shares	$ 64.42M	$ 16.02M	$ 15.86M	$ 15.99M	$ 16.27M	$ 16.41M
Diluted Average Shares	$ 64.42M	$ 16.02M	$ 15.86M	$ 15.99M	$ 16.27M	$ 16.41M
Dividend Per Share	$ 2.40	$ 1.34	$ 1.26	$ 1.18	$ ―	$ ―
Total Operating Income As Reported	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Reported Normalized Basic E P S	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Reported Normalized Diluted E P S	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Rent Expense Supplemental	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Total Expenses	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
Net Income From Continuing And Discontinued Operation	$ 80.00M	$ 82.22M	$ 61.06M	$ 59.02M	$ 44.14M	$ 49.46M
Normalized Income	$ 11.52M	$ 31.22M	$ ―	$ ―	$ ―	$ ―
Interest Expense	$ 62.72M	$ 77.81M	$ 23.59M	$ 19.43M	$ 26.07M	$ 33.80M
EBIT	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―
EBITDA	$ ―	$ ―	$ ―	$ ―	$ ―	$ ―

Currency in USD

Mercantile Bank Earnings and Revenue History

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