MBWM FY 2024 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

FY 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$362M+19.2% YoY

Gross Profit

$224M61.9% margin

Operating Income

$98M27.2% margin

Net Income

$80M22.0% margin

EPS (Diluted)

$4.93

Cash Flow

Operating Cash Flow

$101M

Free Cash Flow

$93M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$5.5B

Stockholders' Equity

$585M

Cash & Equivalents

$393M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$362M	$304M	+19.2%
Gross Profit	$224M	$218M	+2.8%
Operating Income	$98M	$103M	-4.3%
Net Income	$80M	$82M	-3.2%