Mercantile Bank Corporation Income Statement
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
304M
59.47%
0M
304M
34M
71M
0M
270M
22M
103M
20M
82M
34.64%
201M
196M
11M
12M
0M
190M
6.19%
0M
190M
-91M
77M
0M
99M
24M
76M
15M
61M
3.46%
91M
158M
112M
13M
99M
179M
7.05%
0M
179M
-106M
78M
0M
74M
19M
74M
15M
59M
33.72%
106M
124M
87M
14M
74M
167M
10.51%
0M
167M
-113M
70M
0M
55M
26M
55M
11M
44M
-10.75%
113M
122M
64M
9M
55M
151M
8.91%
0M
151M
-91M
63M
0M
60M
34M
60M
11M
49M
17.69%
91M
125M
70M
10M
60M
139M
8.03%
23M
139M
-65M
59M
0M
74M
22M
52M
10M
42M
34.37%
65M
120M
83M
10M
74M
129M
1.45%
19M
129M
-67M
55M
0M
62M
16M
46M
15M
31M
-2.00%
67M
110M
72M
10M
62M
127M
8.27%
15M
127M
-67M
53M
0M
59M
13M
47M
15M
32M
18.11%
67M
106M
69M
0M
59M
117M
33.49%
10M
117M
-67M
52M
0M
50M
11M
39M
12M
27M
55.91%
67M
101M
62M
0M
50M
88M
61.62%
8M
88M
-51M
35M
0M
37M
11M
25M
0M
17M
1.75%
51M
0M
44M
0M
37M
54M
-0.67%
4M
54M
-18M
21M
0M
36M
11M
25M
0M
17M
35.88%
18M
0M
38M
0M
36M
55M
-6.53%
10M
55M
-23M
26M
0M
31M
13M
18M
0M
13M
-66.56%
23M
0M
34M
0M
31M
59M
-10.78%
27M
59M
-29M
23M
0M
30M
20M
10M
0M
37M
-381.50%
29M
0M
32M
0M
30M
66M
11.38%
64M
66M
-47M
25M
0M
18M
32M
-13M
0M
-13M
-74.44%
47M
0M
21M
0M
18M
59M
10.10%
113M
59M
-52M
23M
0M
7M
54M
-47M
0M
-52M
950.35%
52M
0M
10M
0M
7M
53M
-12.92%
96M
53M
12M
22M
0M
65M
75M
-10M
0M
-5M
-155.31%
12M
0M
68M
0M
65M
61M
-8.11%
100M
61M
39M
23M
0M
101M
89M
12M
0M
9M
-54.82%
39M
0M
104M
0M
101M
67M
9.67%
81M
67M
38M
19M
0M
104M
76M
29M
0M
20M
10.87%
38M
0M
107M
0M
104M
61M
30.44%
51M
61M
12M
19M
0M
73M
47M
26M
0M
18M
30.46%
12M
0M
75M
0M
73M
47M
31.00%
31M
47M
-1M
14M
0M
45M
27M
19M
0M
14M
36.99%
1M
0M
47M
0M
45M
36M
33.57%
27M
36M
1M
11M
0M
37M
23M
14M
0M
10M
29.12%
1M
0M
39M
0M
37M
27M
45.96%
27M
27M
8M
8M
0M
35M
24M
11M
0M
8M
73.03%
8M
0M
36M
0M
35M
18M
35.86%
31M
18M
16M
6M
0M
35M
28M
6M
0M
4M
60.42%
16M
0M
35M
0M
35M
13M
32.03%
26M
13M
15M
4M
0M
29M
25M
4M
0M
3M
33.07%
15M
0M
29M
0M
29M
10M
233.33%
0M
10M
6M
3M
0M
16M
13M
2M
0M
2M
-289.36%
6M
0M
16M
0M
16M
3M
-
0M
3M
1M
0M
0M
5M
6M
-1M
0M
-1M
-289.36%
1M
0M
5M
0M
5M
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
4Q2000
3Q2000
2Q2000
1Q2000
4Q1999
3Q1999
2Q1999
1Q1999
4Q1998
3Q1998
2Q1998
1Q1998
74M
26.24%
0M
74M
-49M
21M
0M
25M
25M
25M
5M
20M
-8.13%
49M
49M
25M
3M
23M
58M
17.28%
-13M
71M
-45M
17M
0M
26M
22M
26M
5M
21M
30.10%
45M
49M
26M
3M
23M
55M
31.21%
-65,863M
65,918M
-65,874M
16M
0M
44M
18M
25M
5M
20M
73.44%
65,863M
48M
43,734M
3M
44M
55M
37.78%
5M
50M
40M
17M
0M
35M
12M
26M
5M
21M
82.51%
40M
48M
38M
3M
35M
58M
29.44%
0M
58M
57M
20M
0M
34M
8M
27M
5M
22M
87.33%
57M
51M
38M
3M
34M
50M
6.29%
0M
50M
-24M
20M
0M
26M
6M
20M
4M
16M
6.50%
24M
42M
29M
3M
26M
42M
-5.19%
0M
42M
-22M
19M
0M
20M
5M
15M
3M
12M
-35.12%
22M
34M
23M
3M
20M
40M
-6.59%
0M
40M
-21M
18M
0M
19M
5M
14M
3M
11M
-19.29%
21M
31M
23M
3M
19M
45M
-2.20%
0M
45M
-25M
22M
0M
20M
5M
15M
4M
12M
-17.35%
25M
33M
23M
3M
20M
47M
9.05%
0M
47M
-23M
19M
0M
23M
5M
19M
4M
15M
40.85%
23M
31M
27M
3M
23M
44M
6.77%
0M
44M
-17M
19M
0M
27M
5M
22M
4M
18M
107.99%
17M
31M
31M
3M
27M
43M
16.62%
0M
43M
-20M
18M
0M
23M
5M
18M
3M
14M
33.41%
20M
30M
26M
3M
23M
46M
20.02%
0M
46M
-23M
18M
0M
24M
6M
18M
4M
14M
5.74%
23M
32M
27M
3M
24M
43M
11.85%
0M
43M
-24M
19M
0M
19M
6M
13M
3M
11M
-15.19%
24M
30M
22M
3M
19M
42M
10.96%
0M
42M
-24M
17M
0M
17M
7M
11M
2M
9M
-25.75%
24M
31M
20M
2M
17M
37M
-1.10%
0M
37M
-16M
16M
0M
21M
8M
13M
3M
11M
-9.73%
16M
30M
22M
1M
21M
38M
6.33%
0M
38M
-14M
16M
0M
24M
8M
16M
3M
13M
15.07%
0M
31M
27M
3M
24M
38M
10.81%
0M
38M
-14M
16M
0M
24M
9M
16M
3M
13M
24.47%
14M
32M
27M
2M
24M
37M
10.88%
0M
37M
-14M
16M
0M
23M
9M
14M
3M
12M
24.02%
14M
31M
26M
3M
23M
37M
7.80%
0M
37M
-15M
15M
0M
23M
8M
15M
3M
12M
8.67%
15M
31M
25M
2M
23M
36M
9.98%
0M
36M
-16M
15M
0M
21M
6M
14M
0M
12M
45.04%
0M
0M
23M
2M
21M
35M
3.91%
6M
35M
-16M
15M
0M
18M
6M
12M
0M
10M
21.42%
16M
0M
21M
2M
18M
34M
8.13%
6M
34M
-17M
15M
0M
17M
5M
12M
0M
9M
28.64%
17M
0M
19M
2M
17M
35M
10.27%
5M
35M
-16M
14M
0M
18M
5M
13M
0M
11M
42.89%
16M
0M
21M
2M
18M
33M
6.01%
5M
33M
41M
14M
0M
-137M
5M
12M
0M
8M
-1.31%
41M
0M
19M
3M
17M
33M
4.77%
5M
33M
-17M
14M
0M
16M
4M
12M
0M
8M
6.27%
17M
0M
19M
2M
16M
31M
0.23%
4M
31M
-17M
13M
0M
14M
4M
11M
0M
7M
-1.22%
17M
0M
17M
3M
14M
31M
-4.88%
4M
31M
-17M
13M
0M
14M
3M
11M
0M
8M
-10.93%
17M
0M
17M
3M
14M
31M
4.49%
0M
31M
-16M
13M
0M
15M
3M
12M
0M
8M
24.77%
0M
0M
18M
3M
15M
32M
6.13%
4M
32M
-17M
14M
0M
15M
3M
11M
0M
8M
6.94%
17M
0M
17M
2M
15M
31M
7.23%
4M
31M
-17M
13M
0M
14M
3M
11M
0M
7M
13.36%
17M
0M
15M
2M
14M
33M
15.50%
4M
33M
-17M
13M
0M
16M
3M
13M
0M
9M
28.63%
17M
0M
18M
3M
16M
30M
4.21%
3M
30M
-18M
13M
0M
12M
3M
9M
0M
6M
2.97%
18M
0M
15M
3M
12M
30M
3.51%
2M
30M
-16M
13M
0M
14M
3M
11M
0M
7M
23.36%
16M
0M
17M
3M
14M
29M
62.89%
2M
29M
-17M
13M
0M
12M
3M
9M
0M
7M
334.59%
17M
0M
15M
3M
12M
29M
127.07%
2M
29M
-16M
12M
0M
12M
3M
10M
0M
7M
85.64%
16M
0M
15M
3M
12M
29M
99.54%
3M
29M
-17M
11M
0M
12M
3M
9M
0M
6M
21.89%
17M
0M
15M
3M
12M
29M
111.22%
3M
29M
-17M
11M
0M
11M
3M
9M
0M
6M
72.23%
17M
0M
14M
3M
11M
18M
36.36%
2M
18M
-12M
7M
0M
5M
3M
2M
0M
2M
-62.43%
12M
0M
7M
1M
5M
13M
-5.35%
1M
13M
-5M
5M
0M
8M
3M
5M
0M
4M
-18.64%
5M
0M
8M
1M
8M
14M
3.52%
0M
14M
-4M
5M
0M
10M
3M
8M
0M
5M
69.33%
4M
0M
11M
1M
10M
14M
0.26%
1M
14M
-6M
6M
0M
8M
3M
5M
0M
3M
32.00%
6M
0M
9M
1M
8M
13M
-2.73%
1M
13M
-5M
5M
0M
8M
3M
6M
0M
4M
0.63%
5M
0M
9M
1M
8M
13M
-3.78%
1M
13M
-4M
5M
0M
9M
3M
6M
0M
4M
52.78%
4M
0M
10M
1M
9M
14M
-3.89%
3M
14M
-7M
6M
0M
7M
3M
4M
0M
3M
-89.94%
7M
0M
8M
1M
7M
14M
-3.25%
3M
14M
-7M
5M
0M
7M
3M
4M
0M
3M
-13.49%
7M
0M
8M
1M
7M
13M
-9.49%
0M
13M
-4M
5M
0M
9M
3M
6M
0M
4M
46.84%
4M
0M
10M
1M
9M
14M
-9.20%
4M
14M
-6M
5M
0M
8M
4M
4M
0M
3M
102.82%
6M
0M
8M
1M
8M
14M
-10.22%
6M
14M
-7M
8M
0M
7M
4M
3M
0M
30M
-712.21%
7M
0M
8M
1M
7M
14M
-13.10%
6M
14M
-6M
5M
0M
8M
5M
3M
0M
3M
-156.45%
6M
0M
8M
1M
8M
15M
-9.48%
7M
15M
-7M
5M
0M
8M
5M
3M
0M
3M
-848.76%
7M
0M
9M
1M
8M
15M
-10.38%
8M
15M
-8M
5M
0M
7M
6M
1M
0M
1M
-153.73%
8M
0M
8M
1M
7M
16M
-2.98%
14M
16M
-12M
8M
0M
4M
7M
-3M
0M
-5M
-86.27%
12M
0M
4M
1M
4M
16M
8.90%
18M
16M
-15M
6M
0M
2M
8M
-6M
0M
-5M
1.34%
15M
0M
2M
1M
2M
16M
17.12%
14M
16M
-9M
6M
0M
7M
8M
-1M
0M
0M
-94.17%
9M
0M
8M
1M
7M
17M
25.71%
17M
17M
-11M
6M
0M
6M
9M
-3M
0M
-3M
-41.12%
11M
0M
6M
1M
6M
16M
15.09%
36M
16M
-27M
4M
0M
-10M
11M
-21M
0M
-36M
-11,666.35%
27M
0M
-10M
0M
-10M
15M
9.99%
24M
15M
-12M
6M
0M
3M
12M
-9M
0M
-5M
-589.90%
12M
0M
4M
1M
3M
14M
13.50%
26M
14M
-9M
7M
0M
5M
14M
-10M
0M
-6M
138.32%
9M
0M
6M
1M
5M
13M
1.65%
27M
13M
-5M
6M
0M
9M
16M
-7M
0M
-4M
20.09%
5M
0M
10M
1M
9M
14M
-1.95%
22M
14M
3M
5M
0M
17M
18M
0M
0M
0M
228.42%
3M
0M
18M
1M
17M
14M
-12.93%
20M
14M
6M
6M
0M
19M
18M
1M
0M
1M
-54.41%
6M
0M
20M
1M
19M
12M
-19.64%
25M
12M
2M
6M
0M
14M
19M
-5M
0M
-3M
-217.60%
2M
0M
15M
1M
14M
13M
-16.48%
30M
13M
1M
6M
0M
14M
21M
-6M
0M
-4M
-187.28%
1M
0M
15M
1M
14M
15M
-12.40%
27M
15M
7M
6M
0M
22M
22M
0M
0M
0M
-97.94%
7M
0M
23M
1M
22M
16M
-8.00%
26M
16M
10M
5M
0M
26M
23M
3M
0M
2M
-54.50%
10M
0M
27M
1M
26M
15M
-9.17%
24M
15M
10M
7M
0M
25M
22M
3M
0M
2M
-56.54%
10M
0M
26M
1M
25M
16M
-2.75%
23M
16M
12M
5M
0M
28M
22M
6M
0M
4M
-13.11%
12M
0M
28M
1M
28M
17M
-1.09%
23M
17M
12M
5M
0M
28M
21M
7M
0M
5M
1.23%
12M
0M
29M
1M
28M
17M
9.78%
21M
17M
11M
5M
0M
28M
20M
8M
0M
5M
20.98%
11M
0M
28M
1M
28M
17M
14.13%
20M
17M
9M
5M
0M
25M
18M
7M
0M
5M
8.98%
9M
0M
26M
1M
25M
16M
17.87%
17M
16M
7M
5M
0M
23M
16M
7M
0M
5M
13.00%
7M
0M
24M
1M
23M
17M
27.84%
16M
17M
4M
5M
0M
21M
14M
7M
0M
5M
1.36%
4M
0M
22M
1M
21M
15M
28.22%
14M
15M
3M
5M
0M
19M
13M
6M
0M
4M
38.09%
3M
0M
20M
1M
19M
15M
34.77%
12M
15M
3M
4M
0M
18M
11M
7M
0M
5M
49.08%
3M
0M
18M
1M
18M
14M
31.70%
10M
14M
1M
4M
0M
15M
9M
6M
0M
4M
46.72%
1M
0M
16M
0M
15M
13M
31.37%
9M
13M
0M
4M
0M
14M
8M
6M
0M
4M
48.86%
0M
0M
14M
0M
14M
12M
31.77%
8M
12M
-1M
4M
0M
11M
7M
4M
0M
3M
39.77%
1M
0M
12M
0M
11M
11M
25.78%
7M
11M
-1M
4M
0M
11M
6M
4M
0M
3M
23.86%
1M
0M
11M
0M
11M
11M
35.48%
7M
11M
-1M
3M
0M
10M
6M
4M
0M
3M
33.14%
1M
0M
10M
0M
10M
10M
31.97%
7M
10M
0M
3M
0M
10M
6M
4M
0M
3M
32.18%
0M
0M
10M
0M
10M
9M
26.59%
7M
9M
0M
3M
0M
9M
6M
3M
0M
2M
3.34%
0M
0M
9M
1M
9M
9M
38.91%
7M
9M
1M
3M
0M
9M
6M
4M
0M
3M
48.02%
1M
0M
10M
1M
9M
8M
38.69%
7M
8M
1M
2M
0M
9M
6M
3M
0M
2M
39.21%
1M
0M
9M
0M
9M
8M
36.52%
7M
8M
2M
2M
0M
9M
6M
3M
0M
2M
56.98%
2M
0M
10M
0M
9M
7M
50.32%
7M
7M
2M
2M
0M
9M
6M
3M
0M
2M
61.17%
2M
0M
9M
0M
9M
6M
54.95%
7M
6M
2M
2M
0M
8M
6M
2M
0M
2M
120.93%
2M
0M
9M
0M
8M
6M
44.74%
6M
6M
3M
2M
0M
8M
6M
2M
0M
2M
75.21%
3M
0M
9M
0M
8M
6M
53.52%
7M
6M
3M
2M
0M
8M
6M
2M
0M
1M
65.19%
3M
0M
9M
0M
8M
5M
35.06%
8M
5M
4M
1M
0M
9M
7M
2M
0M
1M
71.91%
4M
0M
9M
0M
9M
4M
24.27%
8M
4M
4M
1M
0M
8M
7M
1M
0M
1M
22.04%
4M
0M
9M
0M
8M
4M
28.15%
8M
4M
5M
1M
0M
9M
7M
1M
0M
1M
82.98%
5M
0M
9M
0M
9M
4M
34.43%
8M
4M
5M
1M
0M
8M
7M
1M
0M
1M
25.66%
5M
0M
8M
0M
8M
4M
22.31%
7M
4M
4M
1M
0M
8M
7M
1M
0M
1M
29.69%
4M
0M
8M
0M
8M
3M
30.79%
6M
3M
4M
1M
0M
7M
6M
1M
0M
1M
27.29%
4M
0M
7M
0M
7M
3M
43.85%
6M
3M
3M
1M
0M
6M
5M
1M
0M
1M
25.07%
3M
0M
6M
0M
6M
3M
41.36%
0M
3M
2M
1M
0M
5M
4M
1M
0M
1M
233.33%
2M
0M
5M
0M
5M
3M
88.31%
0M
3M
1M
1M
0M
4M
4M
1M
0M
1M
400.00%
1M
0M
4M
0M
4M
3M
157.73%
0M
3M
1M
1M
0M
4M
3M
1M
0M
1M
-266.67%
1M
0M
4M
0M
4M
2M
244.26%
0M
2M
1M
1M
0M
3M
3M
0M
0M
0M
-135.09%
1M
0M
3M
0M
3M
2M
-
2M
2M
4M
2M
0M
0M
2M
0M
0M
0M
-135.09%
6M
0M
2M
0M
2M
2M
-
2M
2M
3M
1M
0M
0M
2M
0M
0M
0M
-135.09%
5M
0M
2M
0M
2M
1M
-
1M
1M
3M
1M
0M
0M
1M
0M
0M
0M
-135.09%
4M
0M
1M
0M
1M
1M
-
1M
1M
2M
2M
0M
-1M
1M
-1M
0M
-1M
-135.09%
3M
0M
-1M
0M
-1M