Mercantile Bank Financials

Values in thousands	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	$96,031	$93,420	$89,040	$92,658
Gross Profit	62,190	59,341	55,150	57,033
EBITDA	28,784	27,379	25,693	25,585
EBIT	27,440	25,962	24,046	23,227
Net Income	23,758	22,618	19,537	19,626
Net Change In Cash	96,031	93,420	89,040	92,658
Free Cash Flow	20,466	-10,166	-4,513	59,268
Cash	477,019	296,072	385,460	393,010
Basic Shares	16,229	16,219	16,198	16,143

Values in thousands	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$361,891	$303,501	$213,916	$198,656
Gross Profit	224,075	217,988	183,771	183,524
EBITDA	108,791	114,195	88,735	87,394
EBIT	98,286	102,699	75,790	73,716
Net Income	79,593	82,217	61,063	59,021
Net Change In Cash	361,891	303,501	213,916	198,656
Cost of Revenue			-878,388	349,154
Free Cash Flow	92,588	59,926	116,845	58,971
Cash	393,010	130,533	96,772	975,160
Basic Shares	16,131	16,016	15,860	15,987