MCS Income Statement - TTM - Mercantile Bank Corporation

Income Statement (TTM)

Mercantile Bank Corporation Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	146	153	160	175	179	185	182	175	178	184	198	210	218	218	220	220	222	224	222	228
Change (%)		4.85	4.29	9.11	2.62	3.06	-1.43	-3.83	1.48	3.49	7.71	5.88	3.88	0.13	1.01	0.03	0.89	0.85	-0.79	2.74
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	146	153	160	175	179	185	182	175	178	184	198	210	218	218	220	220	222	224	222	228
Change (%)		4.85	4.29	9.11	2.62	3.06	-1.43	-3.83	1.48	3.49	7.71	5.88	3.88	0.13	1.01	0.03	0.89	0.85	-0.79	2.74
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	81	83	85	87	86	90	91	91	92	91	92	93	94	95	96	99	102	106	107	110
Change (%)		2.29	2.12	2.81	-0.72	4.78	1.01	-0.09	1.17	-1.59	1.58	0.60	0.74	1.09	1.89	2.23	3.43	3.67	1.41	2.63
% of Revenue	55.36	54.01	52.89	49.83	48.21	49.01	50.22	52.18	52.02	49.47	46.65	44.32	42.98	43.40	43.78	44.74	45.87	47.15	48.20	48.15

R&D
Change (%)
% of Revenue

OpEx	96	97	100	103	102	105	106	106	107	105	108	109	111	112	113	115	119	122	123	127
Change (%)		1.77	2.24	2.99	-0.79	3.25	0.60	0.23	1.12	-1.73	2.71	1.29	1.57	1.06	0.58	1.68	3.30	2.42	1.53	2.95
% of Revenue	65.42	63.50	62.24	58.75	56.80	56.90	58.07	60.52	60.30	57.26	54.60	52.23	51.07	51.55	51.33	52.18	53.43	54.26	55.53	55.65

Operating Income	51	56	60	72	77	80	76	69	70	79	90	100	107	106	107	105	103	102	99	101
Change (%)		10.69	7.86	19.20	7.49	2.82	-4.10	-9.44	2.02	11.43	14.42	11.39	6.41	-0.84	1.46	-1.72	-1.74	-0.96	-3.55	2.47
% of Revenue	34.58	36.50	37.76	41.25	43.20	43.10	41.93	39.48	39.70	42.74	45.40	47.77	48.93	48.45	48.67	47.82	46.57	45.74	44.47	44.35

Interest Expense
Change (%)
% of Revenue

Net Income	43	44	48	57	61	59	56	50	51	61	71	79	84	82	83	81	80	80	78	81
Change (%)		1.76	8.08	19.69	7.64	-3.97	-4.65	-11.29	1.96	19.97	15.53	12.22	6.09	-2.11	0.72	-1.90	-1.52	-0.51	-2.54	4.94
% of Revenue	29.65	28.78	29.82	32.72	34.32	31.98	30.93	28.53	28.66	33.23	35.64	37.77	38.58	37.72	37.61	36.88	36.00	35.52	34.89	35.64

Source: Capital IQ

Mercantile Bank Corporation - Income Statement (TTM)

Income Statement (TTM)

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