Mercantile Bank Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $128.7M | $126.9M | $117.2M | $87.8M | $54.3M | $54.7M | $58.5M | $65.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $61.9M | $59.5M | $50.0M | $36.5M | $35.9M | $31.4M | $30.0M | $18.4M |
| Operating Margin | 48.1% | 46.9% | 42.6% | 41.6% | 66.1% | 57.4% | 51.2% | 28.1% |
| Interest Expense | $15.8M | $12.6M | $11.2M | $11.3M | $10.8M | $13.2M | $19.8M | $31.8M |
| Pretax Income | $46.1M | $46.9M | $38.8M | $25.2M | $25.1M | $18.2M | $10.1M | $-13.4M |
| Income Tax Expense | $14.8M | $15.0M | $11.8M | $7.9M | $8.1M | $5.6M | $-27.4M | $-47.0K |
| Net Income | $31.3M | $31.9M | $27.0M | $17.3M | $17.0M | $12.5M | $37.5M | $-13.3M |
| Net Margin | 24.3% | 25.1% | 23.1% | 19.7% | 31.4% | 22.9% | 64.1% | -20.3% |
| EPS (Basic) | $1.90 | $1.96 | $1.63 | $1.28 | $1.96 | $1.33 | $4.20 | $-1.72 |
| EPS (Diluted) | $1.90 | $1.96 | $1.62 | $1.28 | $1.95 | $1.30 | $4.07 | $-1.72 |
| Shares Outstanding (Basic) | 16.5M | 16.3M | 16.6M | 13.5M | 8.7M | 8.6M | 8.6M | 8.5M |
| Shares Outstanding (Diluted) | 16.5M | 16.3M | 16.6M | 13.5M | 8.7M | 8.8M | 8.9M | 8.5M |
| Dividends Per Share | — | — | — | — | $0.45 | $0.09 | — | $0.01 |