Mercantile Bank Corporation Detailed Financials

Full historical quarterly statements

Metric	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	96.5M	93.3M	96.0M	93.4M	89.0M	92.7M	93.1M	88.6M
Cost of Goods Sold	27.7M	31.9M	33.8M	34.1M	33.9M	35.6M	36.2M	35.3M
Gross Profit	68.8M	61.4M	62.2M	59.3M	55.1M	57.0M	56.9M	53.3M
R&D Expenses	0	0	0	0	0	0	0	0
Operating Expenses	41.5M	36.7M	34.8M	33.4M	31.1M	33.8M	32.3M	29.7M
Operating Income	27.3M	24.6M	27.4M	26.0M	24.0M	23.2M	24.6M	23.5M
Other Income / Gains	0	0	0	0	0	0	0	0
Net Income	22.7M	22.8M	23.8M	22.6M	19.5M	19.6M	19.6M	18.8M
EPS (Diluted)	1.32	1.40	1.46	1.39	1.21	1.22	1.22	1.17
Reported Currency	USD	USD	USD	USD	USD	USD	USD	USD
Gross Profit Ratio	0.713	0.658	0.648	0.635	0.619	0.616	0.611	0.601
General And Administrative Expenses	27.1M	21.8M	21.1M	19.6M	19.6M	24.0M	20.3M	17.9M
Selling And Marketing Expenses	0	0	0	0	0	1.6M	0	0
Selling General And Administrative Expenses	27.1M	21.8M	21.1M	19.6M	19.6M	25.6M	20.3M	17.9M
Other Expenses	14.4M	14.9M	13.7M	13.8M	11.5M	8.2M	12.0M	11.8M
Cost And Expenses	69.2M	68.7M	68.6M	67.5M	65.0M	69.4M	68.5M	65.0M
Interest Income	85.4M	82.3M	85.6M	82.0M	80.3M	82.5M	83.4M	78.9M
Interest Expense	29.5M	31.2M	33.6M	32.5M	31.8M	34.1M	35.1M	31.8M
Depreciation And Amortization	0	0	1.3M	1.4M	1.6M	2.4M	2.7M	2.7M
Ebitda	27.3M	24.6M	28.8M	27.4M	25.7M	25.6M	27.2M	26.2M
Ebitdaratio	0.283	0.264	0.30	0.293	0.289	0.276	0.292	0.296
Operating Income Ratio	0.283	0.264	0.286	0.278	0.27	0.251	0.264	0.266
Income Before Tax	27.3M	24.6M	27.4M	26.0M	24.0M	23.2M	24.6M	23.5M
Income Before Tax Ratio	0.283	0.264	0.286	0.278	0.27	0.251	0.264	0.266
Income Tax Expense	4.6M	1.8M	3.7M	3.3M	4.5M	3.6M	4.9M	4.7M
Net Income Ratio	0.235	0.245	0.247	0.242	0.219	0.212	0.211	0.212
Epsdiluted	1.32	1.40	1.46	1.39	1.21	1.22	1.22	1.17
Weighted Average Shs Out	17.2M	16.3M	16.2M	16.2M	16.2M	16.1M	16.1M	16.1M
Weighted Average Shs Out Dil	17.2M	16.3M	16.2M	16.2M	16.2M	16.1M	16.1M	16.1M