Mercantile Bank Corporation
MBWM
$43.52
-$1.26-2.80%
NASDAQ
| 03/31/2025 | 12/31/2024 | 09/30/2024 | 06/30/2024 | 03/31/2024 | |
|---|---|---|---|---|---|
| Revenue | 38.22M | 40.39M | 38.52M | 38.10M | 36.06M |
| Total Other Revenue | 184.07M | 183.69M | 183.67M | 182.14M | 184.12M |
| Total Revenue | 222.30M | 224.07M | 222.19M | 220.24M | 220.18M |
| Cost of Revenue | -- | -- | -- | -- | -- |
| Gross Profit | 222.30M | 224.07M | 222.19M | 220.24M | 220.18M |
| SG&A Expenses | 107.15M | 105.66M | 101.92M | 98.54M | 96.39M |
| Depreciation & Amortization | -- | -- | -- | -- | -- |
| Other Operating Expenses | 16.30M | 15.93M | 16.79M | 16.38M | 16.63M |
| Total Operating Expenses | 123.45M | 121.59M | 118.71M | 114.92M | 113.02M |
| Operating Income | 98.85M | 102.49M | 103.48M | 105.32M | 107.17M |
| Income Before Tax | 95.35M | 98.28M | 100.27M | 101.70M | 103.55M |
| Income Tax Expenses | 17.78M | 18.69M | 20.27M | 20.46M | 20.74M |
| Earnings from Continuing Operations | 77.57 | 79.59 | 80.00 | 81.23 | 82.80 |
| Earnings from Discontinued Operations | -- | -- | -- | -- | -- |
| Extraordinary Item & Accounting Change | -- | -- | -- | -- | -- |
| Minority Interest in Earnings | -- | -- | -- | -- | -- |
| Net Income | 77.57M | 79.59M | 80.00M | 81.23M | 82.80M |
| EBIT | -- | -- | -- | -- | -- |
| EBITDA | -- | -- | -- | -- | -- |
| EPS Basic | 4.80 | 4.93 | 4.97 | 5.05 | 5.16 |
| Normalized Basic EPS | 3.69 | 3.81 | 3.89 | 3.95 | 4.03 |
| EPS Diluted | 4.80 | 4.93 | 4.96 | 5.04 | 5.15 |
| Normalized Diluted EPS | 3.69 | 3.81 | 3.89 | 3.95 | 4.03 |
| Average Basic Shares Outstanding | 64.60M | 64.52M | 64.42M | 64.30M | 64.18M |
| Average Diluted Shares Outstanding | 64.60M | 64.52M | 64.42M | 64.30M | 64.18M |
| Dividend Per Share | 1.44 | 1.42 | 1.40 | 1.38 | 1.36 |
| Payout Ratio | 29.45% | 28.24% | 27.64% | 26.77% | 25.81% |