Mercantile Bank Financials

Values in thousands	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	$93,310	$96,031	$93,420	$89,040
Gross Profit	61,371	62,190	59,341	55,150
EBITDA	24,645	28,784	27,379	25,693
EBIT		27,440	25,962	24,046
Net Income	22,841	23,758	22,618	19,537
Net Change In Cash	93,310	96,031	93,420	89,040
Free Cash Flow		20,466	-10,166	-4,513
Cash	473,324	477,019	296,072	385,460
Basic Shares	16,263	16,229	16,219	16,198

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$371,801	$361,891	$303,501	$213,916
Gross Profit	238,052	224,075	217,988	183,771
EBITDA	106,501	108,791	114,195	88,735
EBIT	102,093	98,286	102,699	75,790
Net Income	88,754	79,593	82,217	61,063
Net Change In Cash	371,801	361,891	303,501	213,916
Cost of Revenue				-878,388
Free Cash Flow		92,588	59,926	116,845
Cash	473,324	393,010	130,533	96,772
Basic Shares	16,263	16,131	16,016	15,860