Banco Mercantil do Brasil S.A. (BVMF:BMEB3)

Banco Mercantil do Brasil Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	6,883	5,511	4,587	3,230	2,301	1,914
Interest Income on Investments	874.9	476.82	314.72	293.21	103.38	112.01
Total Interest Income	7,758	5,987	4,902	3,523	2,405	2,026
Interest Paid on Deposits	3,056	1,956	1,641	1,113	369.51	422.5
Interest Paid on Borrowings	0.86	0.86	1.5	0.92	0.44	11.77
Total Interest Expense	3,057	1,957	1,642	1,114	369.95	434.28
Net Interest Income	4,702	4,030	3,260	2,409	2,035	1,592
Net Interest Income Growth (YoY)	28.12%	23.64%	35.30%	18.41%	27.84%	0.38%
Gain (Loss) on Sale of Assets	-	-	-	-	-	-48.6
Gain (Loss) on Sale of Investments	-	-	-	4.09	143.41	121.06
Other Non-Interest Income	840.32	813.01	497.59	487.52	408.27	469.17
Total Non-Interest Income	840.32	813.01	497.59	491.61	551.68	541.62
Non-Interest Income Growth (YoY)	19.05%	63.39%	1.21%	-10.89%	1.86%	9.92%
Revenues Before Loan Losses	5,542	4,843	3,757	2,901	2,586	2,133
Provision for Loan Losses	702.57	461.01	487.24	327.43	344.7	326.31
Revenue	4,839	4,382	3,270	2,573	2,242	1,807
Revenue Growth (YoY)	23.38%	34.01%	27.07%	14.80%	24.06%	8.56%
Salaries and Employee Benefits	766.88	671.65	561.94	497.29	491.41	490.61
Selling, General & Administrative	1,364	1,115	916.51	846.8	851.45	686.14
Other Non-Interest Expense	1,404	1,370	1,103	864.16	641.77	495.49
Total Non-Interest Expense	3,533	3,156	2,574	2,196	1,981	1,640
EBT Excluding Unusual Items	1,306	1,226	695.95	377.73	260.49	167.19
Legal Settlements	-249.27	-200.9	-152.69	-113.6	-91.04	36.56
Other Unusual Items	-	-	-	-	-36.37	-
Pretax Income	1,057	1,025	543.26	264.13	133.08	203.74
Income Tax Expense	188.23	267.83	121.47	63.52	-54.29	50.39
Earnings From Continuing Operations	868.53	757.62	421.79	200.62	187.36	153.36
Minority Interest in Earnings	-20.61	-5.44	-0.9	-0.04	-2.88	-2.31
Net Income	847.93	752.18	420.9	200.57	184.49	151.05
Net Income to Common	847.93	752.18	420.9	200.57	184.49	151.05
Net Income Growth	27.92%	78.71%	109.85%	8.72%	22.14%	24.42%
Basic Shares Outstanding	104	104	104	104	104	105
Diluted Shares Outstanding	104	104	104	104	104	105
Shares Change (YoY)	-	-	-	0.16%	-0.49%	-
EPS (Basic)	8.12	7.20	4.03	1.92	1.77	1.44
EPS (Diluted)	8.12	7.20	4.03	1.92	1.77	1.44
EPS Growth	27.92%	78.71%	109.85%	8.55%	22.74%	24.42%
Dividend Per Share	-	-	-	0.500	0.447	0.363
Dividend Growth	-	-	-	11.87%	23.16%	24.42%
Effective Tax Rate	17.81%	26.12%	22.36%	24.05%	-	24.73%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.