Financial Services » Banking | Mercantile Bank Corp.

Mercantile Bank Corp. | Income Statement

Fiscal year is January-December. All values USD Thousands.
2013
2014
2015
2016
2017
2018
Unusual Expense
1,246.00
5,447.00
765.00
172.00
-
-
Pretax Income
25,125.00
25,196.00
38,831.00
46,887.00
46,083.00
51,822
Consolidated Net Income
17,033.00
17,331.00
27,020.00
31,913.00
31,274.00
42,024
Net Income
17,033.00
17,331.00
27,020.00
31,913.00
31,274.00
42,024
Net Income After Extraordinaries
17,033.00
17,331.00
27,020.00
31,913.00
31,274.00
42,024
Net Income Available to Common
17,033.00
17,331.00
27,020.00
31,913.00
31,274.00
42,024
EPS (Basic)
1.95
1.28
1.62
1.96
1.90
2.53
Basic Shares Outstanding
8,710.70
13,511.00
16,609.30
16,292.10
16,479.00
16,600.60
EPS (Diluted)
1.95
1.28
1.62
1.96
1.90
2.53
Diluted Shares Outstanding
8,724.70
13,541.90
16,642.10
16,310.70
16,489.10
16,606.40
Operating Income
26,371.00
30,643.00
39,596.00
47,059.00
46,083.00
51,822
Income Taxes
8,092.00
7,865.00
11,811.00
14,974.00
14,809.00
9,798
Interest Income
58,242.00
89,118.00
112,328.00
118,457.00
125,543.00
141,981
Total Interest Expense
10,786.00
11,340.00
11,154.00
12,590.00
15,795.00
21,899
Net Interest Income
47,456.00
77,778.00
101,174.00
105,867.00
109,748.00
120,082
Net Interest Income after Provision
54,656.00
80,778.00
102,174.00
102,967.00
106,798.00
118,982
Non-Interest Income
6,872.00
10,028.00
16,038.00
21,038.00
19,001.00
19,010
Non-Interest Expense
35,157.00
60,163.00
78,616.00
76,946.00
79,716.00
86,170
Loan Loss Provision
7,200.00
3,000.00
1,000.00
2,900.00
2,950.00
1,100

About Mercantile Bank

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Address
310 Leonard Street NW
Grand Rapids Michigan 49504
United States
Employees -
Website http://www.mercbank.com
Updated 07/08/2019
Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

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