Mercantile Bank financials at a glance
| Year | Year | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rev. | Revenue |
|
$42.06M | $56.46M | $61.07M | $50.36M | $32.29M | $-0.11M | $33.79M | $51.62M | $57.80M | $61.53M | $90.81M | $118.21M | $121.04M | $124.40M | $137.99M | $149.74M | $153.37M | $183.98M | $182.97M | $217.99M | $0.00M |
| GM % | Gross Margin % |
|
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| OM | Operating Margin |
|
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | Earnings Per Share |
|
$2.10 | $2.33 | $1.06 | $-0.59 | $-2.73 | $-1.81 | $0.99 | $1.30 | $2.05 | $1.55 | $1.66 | $1.96 | $1.90 | $2.53 | $2.79 | $2.78 | $3.89 | $3.85 | $5.13 | $0.00 | |
| Div. | Dividends |
|
$0.31 | $0.39 | $0.49 | $0.55 | $0.31 | $0.07 | $0.01 | $0.00 | $0.09 | $0.45 | $2.48 | $0.58 | $1.16 | $0.74 | $1.68 | $1.06 | $1.12 | $1.18 | $1.26 | $1.34 | $0.00 |
| PR % | Payout Ratio % |
|
18.45% | 18.57% | 21.03% | 51.89% | -52.54% | -2.56% | -0.55% | 0.00% | 6.92% | 21.95% | 160.00% | 34.94% | 59.18% | 38.95% | 66.40% | 37.99% | 40.29% | 30.33% | 32.73% | 26.12% | 0 |
| Sha. | Shares |
|
8.32m | 8.37m | 8.42m | 8.48m | 8.53m | 8.59m | 8.6m | 8.61m | 8.64m | 8.71m | 16.86m | 16.27m | 16.3m | 16.49m | 16.59m | 16.34m | 16.21m | 15.67m | 15.84m | 16.02m | 16.02m |
| OCF | Operating Cash Flow |
|
$18.28M | $26.10M | $27.83M | $19.36M | $13.64M | $-8.78M | $29.60M | $22.51M | $17.03M | $28.68M | $14.44M | $36.00M | $34.60M | $38.67M | $61.74M | $44.77M | $37.88M | $64.57M | $119.86M | $66.61M | $0.00M |
| FCF | Free Cash Flow |
|
$7.76M | $18.42M | $21.92M | $15.85M | $12.97M | $-8.82M | $29.48M | $21.95M | $16.46M | $28.35M | $12.26M | $34.92M | $32.57M | $33.25M | $55.42M | $31.29M | $28.89M | $58.97M | $116.84M | $59.92M | $0.00M |
| FCFS | Free Cash Flow Per Share |
|
$0.93 | $2.20 | $2.61 | $1.87 | $1.53 | $-1.10 | $3.40 | $2.36 | $1.85 | $3.26 | $0.91 | $2.10 | $2.00 | $2.02 | $3.34 | $1.91 | $1.78 | $3.69 | $7.37 | $3.74 | $0.00 |