← MERCANTILE BANK CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income: | ||||||||||||
| Interest Income (Expense), Net | $105.9m |
$109.7m
+3.67%
|
$120.1m
+9.42%
|
$124.5m
+3.71%
|
$122.2m
-1.84%
|
$124.1m
+1.49%
|
$158.2m
+27.55%
|
$193.5m
+22.31%
|
$191.1m
-1.27%
|
$201.0m
+5.21%
|
$340.0m
+69.13%
|
|
| Labor and Related Expense | $43.5m | $45.4m | $50.9m | $53.8m | $59.8m | $66.4m | $65.1m | $68.8m | $77.9m | $83.2m | — | |
| Operating Lease, Expense | — | — | — | — | — | $600k | $1.3m | $2.0m | $1.6m | $1.6m | — | |
| Noninterest expense: | ||||||||||||
| Interest expense: | ||||||||||||
| Total interest expense | $12.6m | $15.8m | $21.9m | $33.8m | $26.1m | $19.4m | $23.6m | $77.8m | $130.4m | $129.2m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $73.7m | $75.8m | $102.7m | $98.3m | $103.5m | $111.9m | |
| Current Income Tax Expense (Benefit) | $15.8m | $14.0m | $10.2m | $11.0m | $14.9m | $12.7m | $16.1m | $22.5m | $19.1m | $12.7m | $16.7m | |
| Income Tax Expense (Benefit) | $15.0m | $14.8m | $9.8m | $11.0m | $10.7m | $14.7m | $14.7m | $20.5m | $18.7m | $14.7m | $16.7m | |
| Net Income (Loss) Attributable to Parent | $31.9m |
$31.3m
-2.00%
|
$42.0m
+34.37%
|
$49.5m
+17.69%
|
$44.1m
-10.75%
|
$59.0m
+33.72%
|
$61.1m
+3.46%
|
$82.2m
+34.64%
|
$79.6m
-3.19%
|
$88.8m
+11.51%
|
$95.2m
+7.28%
|
|
| Earnings Per Share, Basic | $1.96 | $1.90 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | $5.69 | |
| Earnings Per Share, Diluted | $1.96 | $1.90 | $2.53 | $3.01 | $2.71 | $3.69 | $3.85 | $5.13 | $4.93 | $5.47 | $5.69 | |
| Weighted Average Number of Shares Outstanding, Basic | 16.3m | 16.5m | 16.6m | 16.4m | 16.3m | 16.0m | 15.9m | 16.0m | 16.1m | 16.2m | 16.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 16.3m | 16.5m | 16.6m | 16.4m | 16.3m | 16.0m | 15.9m | 16.0m | 16.1m | — | 16.8m | |
| Additional Financial Items | ||||||||||||
| Bank Owned Life Insurance Income | $1.3m | $2.7m | $1.3m | $3.9m | $1.2m | $1.2m | $1.7m | $1.5m | $2.6m | $3.3m | — | |
| Equipment Expense | $2.1m | $2.2m | $2.5m | $2.6m | $3.4m | $3.7m | $3.6m | $3.5m | $3.7m | $3.4m | — | |
| Business Combination, Acquisition Related Costs | $0 | — | — | — | — | — | — | — | — | — | — |