Pretax income is the income that a company earns before paying income taxes. Mercantile Bank's pretax income for the
three
months ended in Dec. 2023 was $25.2 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $103.5 Mil.
Mercantile Bank's pretax margin was 44.27%.
During the past 13 years, Mercantile Bank's highest Pretax Margin was 45.51%. The lowest was 28.70%. And the median was 37.11%.
Mercantile Bank Pre-Tax Income Historical Data
The historical data trend for Mercantile Bank's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mercantile Bank's Pre-Tax Income
For the Banks - Regional subindustry, Mercantile Bank's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mercantile Bank's Pre-Tax Income Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Mercantile Bank's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where Mercantile Bank's Pre-Tax Income falls into.
Mercantile Bank Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
Mercantile Bank's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $103.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercantile Bank (NAS:MBWM) Pre-Tax Income Explanation
Mercantile Bank's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as
During the past 13 years, Mercantile Bank's highest Pretax Margin was 45.51%. The lowest was 28.70%. And the median was 37.11%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercantile Bank Pre-Tax Income Related Terms
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Mercantile Bank (Mercantile Bank) Business Description
Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
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