Mercantile Bank Corporation
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2020 | — | 48.3% | 26.4% |
| FY2021 | — | 51.7% | 32.7% |
| FY2022 | — | 52.2% | 32.1% |
| FY2023 | — | 80.0% | 36.4% |
| FY2024 | — | 42.5% | 34.4% |
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2020 | — | 48.3% | 26.4% |
| FY2021 | — | 51.7% | 32.7% |
| FY2022 | — | 52.2% | 32.1% |
| FY2023 | — | 80.0% | 36.4% |
| FY2024 | — | 42.5% | 34.4% |