Mercantile Bank PLC. Income Statement

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

Millions BDT. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	27,628	23,466	20,416	19,132	18,344
Interest Paid on Deposits	27,381	22,755	17,483	14,265	13,572
Net Interest Income	246.86	711.44	2,933	4,867	4,773
Net Interest Income Growth (YoY)	-65.30%	-75.75%	-39.73%	1.98%	74.57%
Gain (Loss) on Sale of Investments	-27.1	-46.98	-57.46	-	-
Other Non-Interest Income	13,897	13,768	11,173	10,894	9,109
Total Non-Interest Income	13,870	13,721	11,115	10,894	9,109
Non-Interest Income Growth (YoY)	1.08%	23.44%	2.03%	19.60%	14.31%
Revenues Before Loan Losses	14,117	14,432	14,049	15,761	13,882
Provision for Loan Losses	3,666	4,375	2,548	3,669	1,327
Revenue	10,450	10,057	11,500	12,093	12,554
Revenue Growth (YoY)	3.91%	-12.55%	-4.90%	-3.68%	23.99%
Salaries and Employee Benefits	4,127	4,219	4,227	4,278	4,127
Occupancy Expenses	1,481	1,553	1,479	1,510	1,297
Selling, General & Administrative	695.19	642.86	502.3	526.75	421.71
Other Non-Interest Expense	2,228	2,299	2,495	2,342	1,628
Total Non-Interest Expense	8,531	8,714	8,703	8,656	7,474
EBT Excluding Unusual Items	1,919	1,343	2,798	3,437	5,081
Other Unusual Items	-	-	-	-249	-650
Pretax Income	1,919	1,343	2,798	3,188	4,431
Income Tax Expense	692.92	693.68	739.47	834.2	851.66
Earnings From Continuing Operations	1,226	649.57	2,058	2,354	3,579
Minority Interest in Earnings	-3.69	-2.77	-3.65	-3.35	-5.23
Net Income	1,223	646.79	2,055	2,350	3,574
Net Income to Common	1,223	646.79	2,055	2,350	3,574
Net Income Growth	89.04%	-68.52%	-12.59%	-34.24%	60.39%
Basic Shares Outstanding	-	1,107	1,107	1,107	1,107
Diluted Shares Outstanding	-	1,107	1,107	1,107	1,107
EPS (Basic)	-	0.58	1.86	2.12	3.23
EPS (Diluted)	-	0.58	1.86	2.12	3.23
EPS Growth	-	-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	36.10%	51.64%	26.43%	26.17%	19.22%

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