NASDAQ:MBWM | Income Statement | MERCANTILE BANK CORP

Complete source-backed income-statement history.

Available history
2009-12-31 to 2026-06-30
Data captured

Historical Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2026-06-30$31.18M$5.25M$25.93M$1.50$1.5017,278,05717,278,057
2026-03-31$27.28M$4.6M$22.69M$1.32$1.3217,237,24917,237,249
2025-12-31$26.05M$3.21M$22.84M$1.41$1.418,731
2025-09-30$27.44M$3.68M$23.76M$1.46$1.4616,249,26716,249,267
2025-06-30$25.96M$3.34M$22.62M$1.39$1.3916,239,91916,239,919
2025-03-31$24.05M$4.51M$19.54M$1.21$1.2116,197,97816,197,978
2024-12-31$23.23M$3.6M$19.63M$1.21$1.213,9903,990
2024-09-30$24.56M$4.94M$19.62M$1.22$1.2216,138,32016,138,320
2024-06-30$23.52M$4.73M$18.79M$1.17$1.1716,122,81316,122,813
2024-03-31$26.99M$5.42M$21.56M$1.34$1.3416,118,85816,118,858
2023-12-31$25.21M$5.18M$20.03M$1.24$1.249,6209,620
2023-09-30$25.99M$5.13M$20.86M$1.30$1.3016,018,41916,018,419
2023-06-30$25.37M$5.01M$20.36M$1.27$1.2716,003,37216,003,372
2023-03-31$26.14M$5.16M$20.97M$1.31$1.3115,996,13815,996,138
2022-12-31$26.87M$5.07M$21.8M$1.37$1.379,4679,462
2022-09-30$19.97M$3.94M$16.03M$1.01$1.0115,861,55115,861,551
2022-06-30$14.63M$2.89M$11.74M$0.74$0.7415,848,68115,848,681
2022-03-31$14.32M$2.83M$11.49M$0.73$0.7315,840,80115,841,037
2021-12-31$15.22M$3.58M$11.64M$0.74$0.74-97,949-97,971
2021-09-30$18.58M$3.53M$15.05M$0.95$0.9515,859,95515,860,314
2021-06-30$22.34M$4.24M$18.09M$1.12$1.1216,116,07016,116,666
2021-03-31$17.58M$3.34M$14.24M$0.87$0.8716,283,04416,283,490
2020-12-31$17.74M$3.66M$14.08M$0.86$0.863,4813,333
2020-09-30$13.19M$2.51M$10.69M$0.66$0.6616,233,19616,233,666
2020-06-30$10.74M$2.04M$8.7M$0.54$0.5416,212,50016,213,264
2020-03-31$13.18M$2.5M$10.67M$0.65$0.6516,350,28116,351,559
2019-12-31$15.85M$2.53M$13.32M$0.81$0.81-10,684-11,710
2019-09-30$15.55M$2.95M$12.6M$0.77$0.7716,390,20316,393,078
2019-06-30$14.46M$2.75M$11.72M$0.71$0.7116,428,18716,434,714
2019-03-31$14.6M$2.77M$11.82M$0.72$0.7216,429,57116,435,176
2018-12-31$14.23M$2.66M$11.57M$0.70$0.70-2,089-4,128
2018-09-30$12.5M$2.38M$10.12M$0.61$0.6116,611,41116,619,295
2018-06-30$11.66M$2.22M$9.45M$0.57$0.5716,601,40016,610,819
2018-03-31$13.43M$2.55M$10.88M$0.66$0.6616,595,11516,604,325
2017-12-31$12.46M$4.48M$7.98M$0.49$0.4915,72314,536
2017-09-30$12.04M$3.7M$8.34M$0.51$0.5116,483,49216,494,540
2017-06-30$10.6M$3.26M$7.34M$0.45$0.4516,471,06016,485,356
2017-03-31$10.98M$3.37M$7.62M$0.46$0.4616,434,64716,449,210
2016-12-31$12.05M$3.96M$8.09M$0.50$0.5020,23816,637
2016-09-30$11.47M$3.63M$7.85M$0.48$0.4816,282,80416,307,350
2016-06-30$10.87M$3.44M$7.43M$0.46$0.4616,240,96616,268,839
2016-03-31$12.5M$3.95M$8.55M$0.52$0.5216,291,65416,325,475
2015-12-31$9.11M$6.48M$0.40$0.39-99,181-101,485
2015-09-30$10.71M$7.34M$0.45$0.4516,425,93316,461,794
2015-06-30$9.31M$6.56M$0.39$0.3916,767,39316,803,846
2015-03-31$9.7M$6.65M$0.39$0.3916,937,63016,978,591
2014-12-31$8.91M$6.29M$0.39$0.391,148,6751,142,895
2014-09-30$8.55M$5.95M$0.35$0.3516,852,05016,926,249
2014-06-30$2.48M$1.51M$0.13$0.1311,406,90811,435,867
2014-03-31$5.26M$3.58M$0.41$0.418,738,8368,741,121
2013-12-31$7.7M$5.16M$0.60$0.594,5444,752
2013-09-30$5.46M$3.45M$0.40$0.408,707,0388,725,268
2013-06-30$5.77M$4.02M$0.46$0.468,705,6678,718,649
2013-03-31$6.2M$4.4M$0.51$0.508,705,6778,718,601
2012-12-31$4.32M$3.05M$0.35$0.3512,367-47,101
2012-09-30$3.86M$2.62M$0.30$0.308,622,7198,653,751
2012-06-30$5.85M$3.99M$0.38$0.368,610,1819,043,791
2012-03-31$4.15M$2.88M$0.30$0.288,605,4848,991,422
2011-12-31$2.96M$30.32M$3.48$3.381913,155
2011-09-30$3.02M$3.02M$0.31$0.308,604,2638,868,122
2011-06-30$2.72M$2.72M$0.28$0.278,604,4768,872,692
2011-03-31$1.42M$1.42M$0.13$0.128,599,1668,884,675
2010-12-31-$2.99M-$4.95M-$0.62-$0.622,9082,908
2010-09-30-$6.08M-$5.36M-$0.67-$0.678,507,1748,507,174
2010-06-30-$1.23M-$363,000.00-$0.08-$0.088,505,0868,505,086

Annual Income Statement

DateRevenueCost of revenueGross profitR&D expenseSG&A expenseOperating expensesOperating incomeNonoperating income/expensePre-tax incomeIncome taxNet incomeBasic EPSDiluted EPSBasic sharesDiluted shares
2025-12-31$103.49M$14.74M$88.75M$5.47$5.4716,237,974
2024-12-31$98.29M$18.69M$79.59M$4.93$4.9316,130,69616,130,696
2023-12-31$102.7M$20.48M$82.22M$5.13$5.1316,015,67816,015,678
2022-12-31$75.79M$14.73M$61.06M$3.85$3.8515,859,88915,859,901
2021-12-31$73.72M$14.7M$59.02M$3.69$3.6915,986,85715,987,303
2020-12-31$54.85M$10.71M$44.14M$2.71$2.7116,268,68916,269,319
2019-12-31$60.46M$11M$49.46M$3.01$3.0116,405,15916,409,135
2018-12-31$51.82M$9.8M$42.02M$2.53$2.5316,600,61216,606,416
2017-12-31$46.08M$14.81M$31.27M$1.90$1.9016,478,96816,489,070
2016-12-31$46.89M$14.97M$31.91M$1.96$1.9616,292,08616,310,730
2015-12-31$38.83M$11.81M$27.02M$1.63$1.6216,609,26316,642,140
2014-12-31$25.2M$7.87M$17.33M$1.28$1.2813,510,99113,541,904
2013-12-31$25.13M$8.09M$17.03M$1.96$1.958,710,6778,724,708
2012-12-31$18.17M$5.64M$12.54M$1.33$1.308,625,1988,849,627
2011-12-31$10.12M-$27.36M$37.49M$4.20$4.078,602,8458,878,180
2010-12-31-$13.36M-$47,000.00-$13.32M-$1.72-$1.728,507,5728,507,572
2009-12-31-$46.6M-$52.09M-$6.23-$6.23