Mercantile Bank Corporation Detailed Financials

Full historical quarterly statements

Metric	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	98.2M	96.5M	93.3M	96.0M	93.4M	89.0M	92.7M	93.1M
Cost of Goods Sold	29.4M	27.7M	31.9M	33.8M	34.1M	33.9M	35.6M	36.2M
Gross Profit	68.8M	68.8M	61.4M	62.2M	59.3M	55.1M	57.0M	56.9M
R&D Expenses	0	0	0	0	0	0	0	0
Operating Expenses	37.6M	41.5M	36.7M	34.8M	33.4M	31.1M	33.8M	32.3M
Operating Income	31.2M	27.3M	24.6M	27.4M	26.0M	24.0M	23.2M	24.6M
Other Income / Gains	0	0	0	0	0	0	0	0
Net Income	25.9M	22.7M	22.8M	23.8M	22.6M	19.5M	19.6M	19.6M
EPS (Diluted)	1.50	1.32	1.40	1.46	1.39	1.21	1.22	1.22
Reported Currency	USD	USD	USD	USD	USD	USD	USD	USD
Gross Profit Ratio	0.70	0.713	0.658	0.648	0.635	0.619	0.616	0.611
General And Administrative Expenses	0	27.1M	21.8M	21.1M	19.6M	19.6M	24.0M	20.3M
Selling And Marketing Expenses	0	0	0	0	0	0	1.6M	0
Selling General And Administrative Expenses	39.4M	27.1M	21.8M	21.1M	19.6M	19.6M	25.6M	20.3M
Other Expenses	-1.8M	14.4M	14.9M	13.7M	13.8M	11.5M	8.2M	12.0M
Cost And Expenses	67.0M	69.2M	68.7M	68.6M	67.5M	65.0M	69.4M	68.5M
Interest Income	86.7M	85.4M	82.3M	85.6M	82.0M	80.3M	82.5M	83.4M
Interest Expense	29.4M	29.5M	31.2M	33.6M	32.5M	31.8M	34.1M	35.1M
Depreciation And Amortization	1.7M	1.7M	1.4M	1.3M	1.4M	1.6M	2.4M	2.7M
Ebitda	32.9M	29.0M	26.0M	28.8M	27.4M	25.7M	25.6M	27.2M
Ebitdaratio	0.335	0.30	0.279	0.30	0.293	0.289	0.276	0.292
Operating Income Ratio	0.318	0.283	0.264	0.286	0.278	0.27	0.251	0.264
Income Before Tax	31.2M	27.3M	24.6M	27.4M	26.0M	24.0M	23.2M	24.6M
Income Before Tax Ratio	0.318	0.283	0.264	0.286	0.278	0.27	0.251	0.264
Income Tax Expense	5.3M	4.6M	1.8M	3.7M	3.3M	4.5M	3.6M	4.9M
Net Income Ratio	0.264	0.235	0.245	0.247	0.242	0.219	0.212	0.211
Epsdiluted	1.50	1.32	1.40	1.46	1.39	1.21	1.22	1.22
Weighted Average Shs Out	17.3M	17.2M	16.3M	16.2M	16.2M	16.2M	16.1M	16.1M
Weighted Average Shs Out Dil	17.3M	17.2M	16.3M	16.2M	16.2M	16.2M	16.1M	16.1M