MERCANTILE BANK CORPORATION
Income Statement
| Line Item | FY2010 | FY2009 |
|---|---|---|
| Revenue | $65.6M | $58.9M |
| Cost of Revenue | — | — |
| Gross Profit | — | — |
| Gross Margin | — | — |
| Operating Expenses | ||
| Research & Development | — | — |
| SG&A Expense | — | — |
| Operating Income | $18.4M | $7.0M |
| Operating Margin | 28.1% | 11.9% |
| Interest Expense | $31.8M | $53.6M |
| Pretax Income | $-13.4M | $-46.6M |
| Income Tax Expense | $-47.0K | — |
| Net Income | $-13.3M | $-52.1M |
| Net Margin | -20.3% | -88.4% |
| EPS (Basic) | $-1.72 | $-6.23 |
| EPS (Diluted) | $-1.72 | $-6.23 |
| Shares Outstanding (Basic) | 8.5M | — |
| Shares Outstanding (Diluted) | 8.5M | — |
| Dividends Per Share | $0.01 | $0.07 |