Mercantile Bank PLC. (DSE:MERCANBANK)

Mercantile Bank PLC. Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	27,487	27,628	23,466	20,416	19,132	18,344
Interest Paid on Deposits	27,279	27,381	22,755	17,483	14,265	13,572
Net Interest Income	208.53	246.86	711.44	2,933	4,867	4,773
Net Interest Income Growth (YoY)	114.76%	-65.30%	-75.75%	-39.73%	1.98%	74.57%
Gain (Loss) on Sale of Investments	-25.1	-27.1	-46.98	-57.46	-	-
Other Non-Interest Income	12,818	13,897	13,768	11,173	10,894	9,109
Total Non-Interest Income	12,793	13,870	13,721	11,115	10,894	9,109
Non-Interest Income Growth (YoY)	-12.39%	1.08%	23.44%	2.03%	19.60%	14.31%
Revenues Before Loan Losses	13,002	14,117	14,432	14,049	15,761	13,882
Provision for Loan Losses	3,828	3,666	4,375	2,548	3,669	1,327
Revenue	9,174	10,450	10,057	11,500	12,093	12,554
Revenue Growth (YoY)	-12.28%	3.91%	-12.55%	-4.90%	-3.68%	23.99%
Salaries and Employee Benefits	4,266	4,127	4,219	4,227	4,278	4,127
Occupancy Expenses	1,472	1,481	1,553	1,479	1,510	1,297
Selling, General & Administrative	601.62	695.19	642.86	502.3	526.75	421.71
Other Non-Interest Expense	1,718	2,228	2,299	2,495	2,342	1,628
Total Non-Interest Expense	8,058	8,531	8,714	8,703	8,656	7,474
EBT Excluding Unusual Items	1,115	1,919	1,343	2,798	3,437	5,081
Other Unusual Items	-	-	-	-	-249	-650
Pretax Income	1,115	1,919	1,343	2,798	3,188	4,431
Income Tax Expense	491.16	692.92	693.68	739.47	834.2	851.66
Earnings From Continuing Operations	624.2	1,226	649.57	2,058	2,354	3,579
Minority Interest in Earnings	-4.49	-3.69	-2.77	-3.65	-3.35	-5.23
Net Income	619.71	1,223	646.79	2,055	2,350	3,574
Net Income to Common	619.71	1,223	646.79	2,055	2,350	3,574
Net Income Growth	-18.58%	89.04%	-68.52%	-12.59%	-34.24%	60.39%
Basic Shares Outstanding	1,115	-	1,107	1,107	1,107	1,107
Diluted Shares Outstanding	1,115	-	1,107	1,107	1,107	1,107
Shares Change (YoY)	0.87%	-	-	-	-	-
EPS (Basic)	0.56	-	0.58	1.86	2.12	3.23
EPS (Diluted)	0.56	-	0.58	1.86	2.12	3.23
EPS Growth	-19.28%	-	-68.52%	-12.59%	-34.24%	60.39%
Dividend Per Share	-	-	-	1.000	0.980	1.167
Dividend Growth	-	-	-	2.00%	-16.00%	31.24%
Effective Tax Rate	44.04%	36.10%	51.64%	26.43%	26.17%	19.22%

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