MERCANTILE BANK CORP Annual Income Tax Expense (Benefit) in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Mercantile Bank Corp quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2010 to 2023.
  • Mercantile Bank Corp Income Tax Expense (Benefit) for the quarter ending September 30, 2024 was $4.94M, a 3.78% decline year-over-year.
  • Mercantile Bank Corp Income Tax Expense (Benefit) for the twelve months ending September 30, 2024 was $20.3M, a 0.51% decline year-over-year.
  • Mercantile Bank Corp annual Income Tax Expense (Benefit) for 2023 was $20.5M, a 39.1% increase from 2022.
  • Mercantile Bank Corp annual Income Tax Expense (Benefit) for 2022 was $14.7M, a 0.22% increase from 2021.
  • Mercantile Bank Corp annual Income Tax Expense (Benefit) for 2021 was $14.7M, a 37.2% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $20.5M +$5.76M +39.1% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-01
2022 $14.7M +$32K +0.22% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-01
2021 $14.7M +$3.99M +37.2% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-01
2020 $10.7M -$294K -2.67% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-03
2019 $11M +$1.21M +12.3% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-04
2018 $9.8M -$5.01M -33.8% Jan 1, 2018 Dec 31, 2018 10-K 2021-03-05
2017 $14.8M -$165K -1.1% Jan 1, 2017 Dec 31, 2017 10-K 2020-03-02
2016 $15M +$3.16M +26.8% Jan 1, 2016 Dec 31, 2016 10-K 2019-03-04
2015 $11.8M +$3.95M +50.2% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-05
2014 $7.87M -$227K -2.81% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-06
2013 $8.09M +$2.46M +43.6% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-07
2012 $5.64M +$33M Jan 1, 2012 Dec 31, 2012 10-K 2015-03-10
2011 -$27.4M -$27.3M -58115% Jan 1, 2011 Dec 31, 2011 10-K 2014-02-28
2010 -$47K Jan 1, 2010 Dec 31, 2010 10-K 2013-03-14
* An asterisk sign (*) next to the value indicates that the value is likely invalid.