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Mercantile Bank Corporation$22.76($.83)(3.52%)

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Income Statement for Mercantile Bank Corporation
(Amounts are in millions) 12/2019 12/2018 12/2017
Press Release Press Release Press Release
Net Sales or Revenues $185.29 $160.99 $144.54
Cost of Goods Sold $21.26 $13.87 $9.36
Gross Profit $164.03 $147.12 $135.18
       
Research & Development Expense $0.00 $0.00 $0.00
Selling, General, & Admin. Expense $91.03 $87.27 $82.67
Income Before Depreciation $73.00 $59.85 $52.52
       
Depreciation, Depletion, Amortization $0.00 $0.00 $0.00
Non-Operating Income $0.00 $0.00 $0.00
Interest Expense $12.54 $8.03 $6.43
Pretax Income $60.46 $51.82 $46.08
       
Provision for Income Taxes $11.00 $9.80 $14.81
Minority Interest $0.00 $0.00 $0.00
Investment Gains (Losses) $0.00 $0.00 $0.00
Other Income $0.00 $0.00 $0.00
Income Before Extraordinaries $49.46 $42.02 $31.27
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $49.46 $42.02 $31.27
       
Basic Earnings Per Share $3.01 $2.53 $1.90
Diluted Earnings Per Share $3.01 $2.53 $1.90
       
Weighted Average Basic Shares Outstanding 16.41 16.60 16.48
Weighted Average Diluted Shares Outstanding 16.41 16.61 16.49
       
Income Before Non-Recurring Items $42.24 $42.02 $31.11
Income From Non-Recurring Items $7.22 $0.00 $0.17
Diluted Earnings Per Share before extras $2.57 $2.53 $1.89
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $17.32 $27.88 $12.28
Dividend Per Share (common) $1.06 $1.68 $0.74




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