Mercantile Bank PLC. (DSE:MERCANBANK)

Mercantile Bank PLC. Income Statement

Financials in millions BDT. 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	26,931	23,466	20,416	19,132	18,344	19,471
Interest Paid on Deposits	27,758	22,755	17,483	14,265	13,572	16,737
Net Interest Income	-826.76	711.44	2,933	4,867	4,773	2,734
Net Interest Income Growth (YoY)	-	-75.75%	-39.73%	1.98%	74.57%	-45.70%
Gain (Loss) on Sale of Investments	-22.04	-46.98	-57.46	-	-	-
Other Non-Interest Income	15,120	13,768	11,173	10,894	9,109	7,969
Total Non-Interest Income	15,098	13,721	11,115	10,894	9,109	7,969
Non-Interest Income Growth (YoY)	17.41%	23.44%	2.03%	19.60%	14.31%	-4.60%
Revenues Before Loan Losses	14,271	14,432	14,049	15,761	13,882	10,703
Provision for Loan Losses	5,266	4,375	2,548	3,669	1,327	577.41
Revenue	9,006	10,057	11,500	12,093	12,554	10,126
Revenue Growth (YoY)	-30.25%	-12.55%	-4.90%	-3.68%	23.99%	3.53%
Salaries and Employee Benefits	4,321	4,219	4,227	4,278	4,127	3,549
Occupancy Expenses	1,515	1,553	1,479	1,510	1,297	1,301
Selling, General & Administrative	670.43	642.86	502.3	526.75	421.71	364.84
Other Non-Interest Expense	2,257	2,299	2,495	2,342	1,628	1,403
Total Non-Interest Expense	8,764	8,714	8,703	8,656	7,474	6,618
EBT Excluding Unusual Items	241.98	1,343	2,798	3,437	5,081	3,507
Other Unusual Items	-	-	-	-249	-650	-699
Pretax Income	241.98	1,343	2,798	3,188	4,431	2,808
Income Tax Expense	884.71	693.68	739.47	834.2	851.66	577.14
Earnings From Continuing Operations	-642.73	649.57	2,058	2,354	3,579	2,231
Minority Interest in Earnings	-3.02	-2.77	-3.65	-3.35	-5.23	-3.07
Net Income	-645.75	646.79	2,055	2,350	3,574	2,228
Net Income to Common	-645.75	646.79	2,055	2,350	3,574	2,228
Net Income Growth	-	-68.52%	-12.59%	-34.24%	60.39%	0.28%
Basic Shares Outstanding	1,107	1,107	1,107	1,107	1,107	1,107
Diluted Shares Outstanding	1,107	1,107	1,107	1,107	1,107	1,107
EPS (Basic)	-0.58	0.58	1.86	2.12	3.23	2.01
EPS (Diluted)	-0.58	0.58	1.86	2.12	3.23	2.01
EPS Growth	-	-68.52%	-12.59%	-34.24%	60.39%	0.28%
Dividend Per Share	-	-	1.000	0.980	1.167	0.889
Dividend Growth	-	-	2.00%	-16.00%	31.24%	-4.54%
Effective Tax Rate	365.62%	51.64%	26.43%	26.17%	19.22%	20.55%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.