Mercantile Bank PLC. (DSE: MERCANBANK)

Mercantile Bank PLC. Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	13,520	11,804	8,539	7,223	8,673	4,586
Investment Securities	88,370	65,912	57,184	56,422	46,548	41,157
Trading Asset Securities	-	10,727	5,132	7,613	3,529	9,514
Total Investments	88,370	76,638	62,316	64,035	50,077	50,671
Gross Loans	301,323	306,091	300,502	282,726	264,394	252,603
Allowance for Loan Losses	-	-17,479	-16,023	-12,530	-11,730	-12,134
Net Loans	301,323	288,612	284,479	270,197	252,664	240,469
Property, Plant & Equipment	3,391	4,103	4,454	4,718	3,914	4,324
Other Intangible Assets	-	75.02	124.52	168.08	129.65	72.4
Accrued Interest Receivable	-	2,084	1,817	2,049	3,266	1,338
Other Receivables	-	83.29	85.72	75.19	11.65	13.19
Restricted Cash	16,786	12,343	13,163	10,956	11,692	13,860
Other Current Assets	-	391.87	427.23	329.57	41.76	64.79
Other Real Estate Owned & Foreclosed	45.08	45.08	36.77	36.03	25.3	-
Other Long-Term Assets	6,412	8,673	9,037	1,522	1,969	2,325
Total Assets	429,847	404,852	384,478	361,309	332,463	317,724
Accounts Payable	-	-	-	0.27	0.04	-
Accrued Expenses	-	387.6	543	480.45	39.08	30.91
Interest Bearing Deposits	210,184	196,072	191,254	187,647	181,582	195,929
Non-Interest Bearing Deposits	109,627	107,233	87,863	79,138	59,567	48,632
Total Deposits	319,811	303,306	279,117	266,785	241,149	244,561
Short-Term Borrowings	-	2,645	6,963	9,227	8,225	8,207
Current Income Taxes Payable	-	-3,354	-2,484	-1,969	-1,915	-1,327
Accrued Interest Payable	-	10,279	7,459	3,875	3,085	4,630
Other Current Liabilities	28,187	4,884	2,688	3,671	4,072	3,046
Long-Term Debt	4,230	23,066	31,988	28,718	33,575	16,616
Long-Term Leases	-	646.26	864.8	1,098	743.38	1,007
Long-Term Deferred Tax Liabilities	-	-208.9	-159.73	-150.83	-143.3	-124.96
Other Long-Term Liabilities	28,980	36,745	31,778	24,867	21,385	20,139
Total Liabilities	400,947	378,395	358,757	336,603	310,215	296,784
Common Stock	11,066	11,066	10,849	10,332	9,840	9,372
Retained Earnings	16,352	14,396	13,997	13,578	11,547	10,817
Comprehensive Income & Other	1,375	890.56	774.85	694.79	764.11	701.07
Total Common Equity	28,792	26,352	25,621	24,605	22,151	20,890
Minority Interest	108.09	104.52	100.88	100.61	97.14	50.07
Shareholders' Equity	28,901	26,457	25,722	24,706	22,249	20,940
Total Liabilities & Equity	429,847	404,852	384,478	361,309	332,463	317,724
Total Debt	23,970	26,358	39,815	39,044	42,543	25,830
Net Cash (Debt)	-10,449	-3,827	-26,144	-24,208	-30,341	-11,730
Net Cash Per Share	-9.44	-3.46	-23.63	-21.88	-27.42	-10.60
Filing Date Shares Outstanding	1,107	1,107	1,107	1,107	1,107	1,107
Total Common Shares Outstanding	1,107	1,107	1,107	1,107	1,107	1,107
Book Value Per Share	26.02	23.81	23.15	22.24	20.02	18.88
Tangible Book Value	28,792	26,277	25,496	24,437	22,022	20,817
Tangible Book Value Per Share	26.02	23.75	23.04	22.08	19.90	18.81

Source: S&P Capital IQ. Banks template. Financial Sources.