Mercantile Historical Income Statement

MBWM Stock

USD 50.53 0.43 0.86%

Historical analysis of Mercantile Bank income statement accounts such as Gross Profit of 228.9 M can show how well Mercantile Bank performed in making a profits. Evaluating Mercantile Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Mercantile Bank's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Mercantile Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Mercantile Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

About Mercantile Income Statement Analysis

Mercantile Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Mercantile Bank shareholders. The income statement also shows Mercantile investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Mercantile Bank Income Statement Chart

At this time, Mercantile Bank's Total Other Income Expense Net is very stable compared to the past year. As of the 29th of November 2024, Net Income is likely to grow to about 86.3 M, while Operating Income is likely to drop about 56.7 M.

Interest Expense Total Revenue Gross Profit Other Operating Expenses Operating Income

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts Mercantile Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Mercantile Bank minus its cost of goods sold. It is profit before Mercantile Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Mercantile Bank. It is also known as Mercantile Bank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Mercantile Bank operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Mercantile Bank is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Mercantile Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Mercantile Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.At this time, Mercantile Bank's Total Other Income Expense Net is very stable compared to the past year. As of the 29th of November 2024, Net Income is likely to grow to about 86.3 M, while Operating Income is likely to drop about 56.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	19.4M	23.6M	77.8M	81.7M
Depreciation And Amortization	13.7M	12.9M	11.5M	12.1M

Interest Expense Depreciation And Amortization

Mercantile Bank income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Selling General Administrative	Selling And Marketing Expenses	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.45	0.64	0.64	0.52	0.49	0.31	0.47	0.13	0.62	0.28	0.61	0.5	0.1	0.4	0.15	0.63	-0.42	0.41	0.43	0.55	0.5	0.71	0.41
Interest Expense	0.45		0.74	0.74	0.31	0.51	0.51	0.51	0.71	0.83	0.92	0.86	0.3	0.16	0.42	0.5	0.63	-0.91	0.9	0.62	0.8	0.82	0.38	0.9
Total Revenue	0.64	0.74		1.0	0.8	0.86	0.84	0.87	0.12	0.97	0.56	0.93	0.82	0.58	0.67	0.42	0.88	-0.57	0.56	0.56	0.78	0.77	0.52	0.56
Gross Profit	0.64	0.74	1.0		0.8	0.86	0.84	0.87	0.12	0.97	0.56	0.93	0.82	0.58	0.67	0.42	0.88	-0.57	0.56	0.56	0.78	0.77	0.52	0.56
Other Operating Expenses	0.52	0.31	0.8	0.8		0.79	0.79	0.84	-0.39	0.68	0.15	0.63	0.97	0.66	0.51	0.23	0.81	-0.01	0.18	0.31	0.55	0.57	0.29	0.18
Operating Income	0.49	0.51	0.86	0.86	0.79		0.95	0.97	-0.03	0.83	0.32	0.78	0.89	0.74	0.59	0.21	0.92	-0.24	0.46	0.6	0.81	0.79	0.52	0.46
Ebit	0.31	0.51	0.84	0.84	0.79	0.95		0.98	-0.03	0.8	0.36	0.74	0.87	0.82	0.61	0.2	0.87	-0.24	0.46	0.56	0.72	0.73	0.35	0.46
Ebitda	0.47	0.51	0.87	0.87	0.84	0.97	0.98		-0.05	0.83	0.34	0.77	0.92	0.79	0.62	0.18	0.92	-0.24	0.48	0.59	0.76	0.76	0.44	0.48
Total Operating Expenses	0.13	0.71	0.12	0.12	-0.39	-0.03	-0.03	-0.05		0.3	0.74	0.33	-0.38	-0.28	0.11	0.19	0.1	-0.82	0.82	0.53	0.43	0.43	0.21	0.82
Income Before Tax	0.62	0.83	0.97	0.97	0.68	0.83	0.8	0.83	0.3		0.69	0.95	0.72	0.49	0.71	0.42	0.88	-0.69	0.68	0.64	0.83	0.83	0.59	0.68
Total Other Income Expense Net	0.28	0.92	0.56	0.56	0.15	0.32	0.36	0.34	0.74	0.69		0.68	0.12	0.06	0.42	0.38	0.51	-0.85	0.85	0.55	0.67	0.71	0.24	0.85
Net Income	0.61	0.86	0.93	0.93	0.63	0.78	0.74	0.77	0.33	0.95	0.68		0.66	0.37	0.44	0.56	0.81	-0.69	0.68	0.61	0.83	0.83	0.59	0.68
Selling General Administrative	0.5	0.3	0.82	0.82	0.97	0.89	0.87	0.92	-0.38	0.72	0.12	0.66		0.74	0.55	0.2	0.85	-0.01	0.19	0.36	0.6	0.6	0.37	0.19
Selling And Marketing Expenses	0.1	0.16	0.58	0.58	0.66	0.74	0.82	0.79	-0.28	0.49	0.06	0.37	0.74		0.56	-0.27	0.57	0.05	0.13	0.25	0.34	0.35	-0.01	0.13
Income Tax Expense	0.4	0.42	0.67	0.67	0.51	0.59	0.61	0.62	0.11	0.71	0.42	0.44	0.55	0.56		-0.07	0.67	-0.4	0.39	0.46	0.5	0.49	0.34	0.39
Cost Of Revenue	0.15	0.5	0.42	0.42	0.23	0.21	0.2	0.18	0.19	0.42	0.38	0.56	0.2	-0.27	-0.07		0.23	-0.44	0.27	0.17	0.4	0.4	0.29	0.27
Net Income From Continuing Ops	0.63	0.63	0.88	0.88	0.81	0.92	0.87	0.92	0.1	0.88	0.51	0.81	0.85	0.57	0.67	0.23		-0.36	0.61	0.63	0.88	0.88	0.55	0.61
Non Recurring	-0.42	-0.91	-0.57	-0.57	-0.01	-0.24	-0.24	-0.24	-0.82	-0.69	-0.85	-0.69	-0.01	0.05	-0.4	-0.44	-0.36		-0.8	-0.53	-0.56	-0.55	-0.39	-0.8
Non Operating Income Net Other	0.41	0.9	0.56	0.56	0.18	0.46	0.46	0.48	0.82	0.68	0.85	0.68	0.19	0.13	0.39	0.27	0.61	-0.8		0.78	0.81	0.83	0.37	1.0
Tax Provision	0.43	0.62	0.56	0.56	0.31	0.6	0.56	0.59	0.53	0.64	0.55	0.61	0.36	0.25	0.46	0.17	0.63	-0.53	0.78		0.75	0.72	0.64	0.78
Net Interest Income	0.55	0.8	0.78	0.78	0.55	0.81	0.72	0.76	0.43	0.83	0.67	0.83	0.6	0.34	0.5	0.4	0.88	-0.56	0.81	0.75		0.99	0.55	0.81
Interest Income	0.5	0.82	0.77	0.77	0.57	0.79	0.73	0.76	0.43	0.83	0.71	0.83	0.6	0.35	0.49	0.4	0.88	-0.55	0.83	0.72	0.99		0.47	0.83
Reconciled Depreciation	0.71	0.38	0.52	0.52	0.29	0.52	0.35	0.44	0.21	0.59	0.24	0.59	0.37	-0.01	0.34	0.29	0.55	-0.39	0.37	0.64	0.55	0.47		0.37
Extraordinary Items	0.41	0.9	0.56	0.56	0.18	0.46	0.46	0.48	0.82	0.68	0.85	0.68	0.19	0.13	0.39	0.27	0.61	-0.8	1.0	0.78	0.81	0.83	0.37

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Mercantile Bank Account Relationship Matchups

Mercantile Bank income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	9.4M	13.7M	12.9M	11.5M	12.1M
Interest Expense	33.8M	26.1M	19.4M	23.6M	77.8M	81.7M
Total Revenue	151.5M	167.4M	179.2M	190.3M	218.0M	228.9M
Gross Profit	151.5M	167.4M	179.2M	190.3M	218.0M	228.9M
Other Operating Expenses	91.0M	112.6M	105.5M	90.9M	94.6M	47.9M
Operating Income	60.5M	54.8M	73.7M	99.4M	102.7M	56.7M
Ebit	69.8M	54.8M	73.7M	75.8M	102.7M	57.3M
Ebitda	70.0M	64.3M	87.4M	88.7M	114.2M	61.4M
Total Operating Expenses	(91.0M)	(112.6M)	(105.5M)	(90.9M)	94.6M	99.3M
Income Before Tax	60.5M	54.8M	73.7M	75.8M	102.7M	107.8M
Total Other Income Expense Net	60.5M	(15.7M)	(20.4M)	(16.6M)	102.7M	107.8M
Net Income	49.5M	44.1M	59.0M	61.1M	82.2M	86.3M
Selling General Administrative	63.1M	70.2M	77.6M	77.5M	71.1M	37.9M
Selling And Marketing Expenses	1.4M	1.3M	1.2M	1.4M	1.6M	1.0M
Income Tax Expense	11.0M	10.7M	14.7M	14.7M	20.5M	21.5M
Net Income Applicable To Common Shares	49.5M	44.1M	59.0M	61.1M	70.2M	73.7M
Net Income From Continuing Ops	49.5M	44.1M	59.0M	61.1M	84.0M	44.0M
Tax Provision	11.0M	10.7M	14.7M	14.7M	20.4M	15.0M
Net Interest Income	124.5M	122.2M	124.1M	158.2M	195.6M	142.0M
Interest Income	158.3M	148.3M	143.5M	181.8M	255.8M	169.4M
Reconciled Depreciation	9.6M	9.4M	13.7M	12.9M	11.9M	12.2M

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:

How To Invest In Mercantile

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Is Mercantile Stock a good investment?

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What is Mercantile Bank's Net Worth?

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Largest Banks - Regional Companies

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Largest Financial Services Companies

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To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.07)

Dividend Share

1.4

Earnings Share

4.96

Revenue Per Share

13.795

Quarterly Revenue Growth

0.036

The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Mercantile Historical Income Statement

About Mercantile Income Statement Analysis

Mercantile Bank Income Statement Chart

Interest Expense

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Mercantile Bank income statement Correlations

Mercantile Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mercantile Bank income statement Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Extraordinary Items	+ 1.0	Non Operating Income Net Other
Interest Income	+ 0.99	Net Interest Income
Ebitda	+ 0.98	Ebit
Income Before Tax	+ 0.97	Total Revenue
Income Before Tax	+ 0.97	Gross Profit

Non Recurring	- 0.91	Interest Expense
Non Recurring	- 0.85	Total Other Income Expense Net
Non Recurring	- 0.82	Total Operating Expenses
Extraordinary Items	- 0.8	Non Recurring
Non Operating Income Net Other	- 0.8	Non Recurring
Non Recurring	- 0.69	Net Income