Income Statement - MERCANTILE BANK CORP (MBWM)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 371.80 | 361.89 | 303.50 | 213.92 | 198.66 | 193.49 | 185.29 | 160.99 | 144.54 | 139.50 | 128.37 | 99.15 | 65.11 | 67.91 | 78.35 | 97.39 | 112.47 | 128.35 | 150.05 | 142.52 |
| Cost of revenue | 133.75 | 137.82 | 85.51 | 30.15 | 15.13 | 40.12 | 35.55 | 23.00 | 18.75 | 15.49 | 10.15 | 8.34 | 3.59 | 10.12 | 26.73 | 63.59 | 112.58 | 96.06 | 99.69 | 81.45 |
| Gross profit | 238.05 | 224.08 | 217.99 | 183.77 | 183.52 | 153.37 | 149.74 | 137.99 | 125.80 | 124.01 | 118.21 | 90.81 | 61.53 | 57.80 | 51.62 | 33.79 | -0.11 | 32.29 | 50.36 | 61.07 |
| Total operating expenses | 135.96 | 125.79 | 115.29 | 107.98 | 109.81 | 98.52 | 89.28 | 86.17 | 79.72 | 77.12 | 79.38 | 65.61 | 36.40 | 39.62 | 41.50 | 47.16 | 46.49 | 42.13 | 38.36 | 32.26 |
| Operating income | 102.09 | 98.29 | 102.70 | 75.79 | 73.72 | 54.85 | 60.46 | 51.82 | 46.08 | 46.89 | 38.83 | 25.20 | 25.13 | 18.17 | 10.12 | -13.36 | -46.60 | -9.84 | 12.00 | 28.81 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 102.09 | 98.29 | 102.70 | 75.79 | 73.72 | 54.85 | 60.46 | 51.82 | 46.08 | 46.89 | 38.83 | 25.20 | 25.13 | 18.17 | 10.12 | -13.36 | -46.60 | -9.84 | 12.00 | 28.81 |
| Income tax expense | 13.34 | 18.69 | 20.48 | 14.73 | 14.70 | 10.71 | 11.00 | 9.80 | 14.81 | 14.97 | 11.81 | 7.87 | 8.09 | 5.64 | -27.36 | -0.05 | 5.49 | -4.88 | 3.04 | 8.96 |
| Net income | 88.75 | 79.59 | 82.22 | 61.06 | 59.02 | 44.14 | 49.46 | 42.02 | 31.27 | 31.91 | 27.02 | 17.33 | 17.03 | 12.54 | 37.49 | -13.32 | -52.09 | -4.96 | 8.97 | 19.85 |
Show Quarterly Income Statement
Income Statement - MERCANTILE BANK CORP (MBWM)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 96.51 | 93.31 | 96.03 | 93.42 | 89.04 | 92.66 | 93.08 | 88.56 | 87.59 | 82.10 | 80.40 | 73.56 | 67.44 | 66.08 | 55.41 | 47.29 | 45.16 | 49.68 | 51.46 | 49.27 | 48.25 | 51.95 | 48.90 | 48.15 | 44.48 | 46.88 | 46.99 | 46.15 | 45.27 | 42.57 | 40.19 | 38.87 | 39.36 | 37.41 | 37.64 | 34.95 | 34.56 | 34.32 | 34.99 | 34.21 | 35.98 | 32.62 | 32.78 | 31.68 | 31.28 | 31.48 | 31.80 | 20.77 | 15.09 | 16.97 | 16.35 | 15.76 | 16.04 | 16.73 | 16.83 | 16.87 | 17.49 | 18.43 | 18.85 | 20.16 | 20.91 | 22.83 | 24.02 | 24.69 | 25.84 | 27.10 | 27.60 | 28.73 | 30.05 | 31.95 | 31.66 | 30.90 | 33.85 | 36.83 | 38.29 | 37.51 | 37.43 | 38.12 | 37.04 | 35.02 | 32.34 |
| Cost of revenue | 27.73 | 31.94 | 33.84 | 34.08 | 33.89 | 35.63 | 36.22 | 35.31 | 30.66 | 26.95 | 25.49 | 20.37 | 12.70 | 10.67 | 8.65 | 5.72 | 5.10 | 1.11 | 6.66 | 1.80 | 5.55 | 8.27 | 9.29 | 14.19 | 8.37 | 7.70 | 9.41 | 9.60 | 8.84 | 6.38 | 6.05 | 5.79 | 4.78 | 5.10 | 5.39 | 4.46 | 3.80 | 3.88 | 3.86 | 4.15 | 3.61 | 3.42 | 2.38 | 2.02 | 2.34 | 2.97 | 2.51 | 2.23 | 0.62 | 0.18 | 0.97 | 1.18 | 1.26 | 3.23 | 2.78 | 0.42 | 3.68 | 5.97 | 5.85 | 7.00 | 7.91 | 13.64 | 18.20 | 14.48 | 17.28 | 35.92 | 24.13 | 25.92 | 26.62 | 21.63 | 20.02 | 24.75 | 29.67 | 27.12 | 25.53 | 24.49 | 22.56 | 23.15 | 21.48 | 19.60 | 17.23 |
| Gross profit | 68.79 | 61.37 | 62.19 | 59.34 | 55.15 | 57.03 | 56.86 | 53.25 | 56.93 | 55.15 | 54.91 | 53.20 | 54.74 | 55.41 | 46.76 | 41.57 | 40.06 | 48.57 | 44.79 | 47.47 | 42.70 | 43.68 | 39.62 | 33.96 | 36.12 | 39.18 | 37.58 | 36.55 | 36.43 | 36.19 | 34.15 | 33.08 | 34.58 | 32.31 | 32.25 | 30.49 | 30.76 | 30.44 | 31.13 | 30.06 | 32.37 | 29.21 | 30.40 | 29.66 | 28.94 | 28.51 | 29.29 | 18.54 | 14.47 | 16.79 | 15.38 | 14.58 | 14.78 | 13.50 | 14.04 | 16.45 | 13.80 | 12.46 | 13.00 | 13.16 | 13.00 | 9.19 | 5.82 | 10.22 | 8.56 | -8.82 | 3.48 | 2.81 | 3.44 | 10.32 | 11.65 | 6.15 | 4.17 | 9.71 | 12.76 | 13.02 | 14.87 | 14.98 | 15.56 | 15.42 | 15.12 |
| Total operating expenses | 41.51 | 36.73 | 34.75 | 33.38 | 31.10 | 33.81 | 32.30 | 29.74 | 29.94 | 29.94 | 28.92 | 27.83 | 28.60 | 28.54 | 26.78 | 26.94 | 25.74 | 33.35 | 26.21 | 25.13 | 25.12 | 25.94 | 26.42 | 23.22 | 22.94 | 23.34 | 22.03 | 22.09 | 21.83 | 21.96 | 21.65 | 21.41 | 21.15 | 19.85 | 20.21 | 19.88 | 19.78 | 18.39 | 19.66 | 19.19 | 19.87 | 20.10 | 19.69 | 20.35 | 19.24 | 19.60 | 20.74 | 16.07 | 9.21 | 9.09 | 9.92 | 8.81 | 8.58 | 9.18 | 10.19 | 10.60 | 9.65 | 9.50 | 9.98 | 10.44 | 11.58 | 12.18 | 11.90 | 11.44 | 11.63 | 11.86 | 12.52 | 12.36 | 10.77 | 10.51 | 10.51 | 10.78 | 10.33 | 10.01 | 9.57 | 10.04 | 8.74 | 8.20 | 8.03 | 8.03 | 8.01 |
| Operating income | 27.28 | 24.65 | 27.44 | 25.96 | 24.05 | 23.23 | 24.56 | 23.52 | 26.99 | 25.21 | 25.99 | 25.37 | 26.14 | 26.87 | 19.97 | 14.63 | 14.32 | 15.22 | 18.58 | 22.34 | 17.58 | 17.74 | 13.19 | 10.74 | 13.18 | 15.85 | 15.55 | 14.46 | 14.60 | 14.23 | 12.50 | 11.66 | 13.43 | 12.46 | 12.04 | 10.60 | 10.98 | 12.05 | 11.47 | 10.87 | 12.50 | 9.11 | 10.71 | 9.31 | 9.70 | 8.91 | 8.55 | 2.48 | 5.26 | 7.70 | 5.46 | 5.77 | 6.20 | 4.32 | 3.86 | 5.85 | 4.15 | 2.96 | 3.02 | 2.72 | 1.42 | -2.99 | -6.08 | -1.23 | -3.07 | -20.67 | -9.04 | -9.55 | -7.34 | -0.18 | 1.13 | -4.63 | -6.16 | -0.30 | 3.19 | 2.98 | 6.13 | 6.78 | 7.53 | 7.39 | 7.11 |
| Non-operating income (net) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 27.28 | 24.65 | 27.44 | 25.96 | 24.05 | 23.23 | 24.56 | 23.52 | 26.99 | 25.21 | 25.99 | 25.37 | 26.14 | 26.87 | 19.97 | 14.63 | 14.32 | 15.22 | 18.58 | 22.34 | 17.58 | 17.74 | 13.19 | 10.74 | 13.18 | 15.85 | 15.55 | 14.46 | 14.60 | 14.23 | 12.50 | 11.66 | 13.43 | 12.46 | 12.04 | 10.60 | 10.98 | 12.05 | 11.47 | 10.87 | 12.50 | 9.11 | 10.71 | 9.31 | 9.70 | 8.91 | 8.55 | 2.48 | 5.26 | 7.70 | 5.46 | 5.77 | 6.20 | 4.32 | 3.86 | 5.85 | 4.15 | 2.96 | 3.02 | 2.72 | 1.42 | -2.99 | -6.08 | -1.23 | -3.07 | -20.67 | -9.04 | -9.55 | -7.34 | -0.18 | 1.13 | -4.63 | -6.16 | -0.30 | 3.19 | 2.98 | 6.13 | 6.78 | 7.53 | 7.39 | 7.11 |
| Income tax expense | 4.60 | 1.80 | 3.68 | 3.34 | 4.51 | 3.60 | 4.94 | 4.73 | 5.42 | 5.18 | 5.13 | 5.01 | 5.16 | 5.07 | 3.94 | 2.89 | 2.83 | 3.58 | 3.53 | 4.24 | 3.34 | 3.66 | 2.51 | 2.04 | 2.50 | 2.53 | 2.95 | 2.75 | 2.77 | 2.66 | 2.38 | 2.22 | 2.55 | 4.48 | 3.70 | 3.26 | 3.37 | 3.96 | 3.63 | 3.44 | 3.95 | 2.63 | 3.37 | 2.75 | 3.06 | 2.62 | 2.60 | 0.97 | 1.68 | 2.54 | 2.00 | 1.76 | 1.80 | 1.27 | 1.24 | 1.86 | 1.27 | -27.36 | 0.34 | 0.34 | 0.33 | 1.96 | -0.72 | -0.86 | -0.43 | 15.42 | -3.75 | -3.33 | -2.85 | -0.50 | 0.05 | -2.02 | -2.42 | -0.40 | 0.82 | 0.76 | 1.85 | 2.17 | 2.33 | 2.28 | 2.18 |
| Net income | 22.69 | 22.84 | 23.76 | 22.62 | 19.54 | 19.63 | 19.62 | 18.79 | 21.56 | 20.03 | 20.86 | 20.36 | 20.97 | 21.80 | 16.03 | 11.74 | 11.49 | 11.64 | 15.05 | 18.09 | 14.24 | 14.08 | 10.69 | 8.70 | 10.67 | 13.32 | 12.60 | 11.72 | 11.82 | 11.57 | 10.12 | 9.45 | 10.88 | 7.98 | 8.34 | 7.34 | 7.62 | 8.09 | 7.85 | 7.43 | 8.55 | 6.48 | 7.34 | 6.56 | 6.65 | 6.29 | 5.95 | 1.51 | 3.58 | 5.16 | 3.45 | 4.02 | 4.40 | 3.05 | 2.62 | 3.99 | 2.88 | 30.32 | 3.02 | 2.72 | 1.42 | -4.95 | -5.36 | -0.36 | -2.64 | -36.09 | -5.29 | -6.23 | -4.49 | 0.31 | 1.08 | -2.61 | -3.74 | 0.10 | 2.37 | 2.22 | 4.28 | 4.61 | 5.20 | 5.11 | 4.93 |