Net Income Analysis ( % relative to Total Revenue )
Income Statement Mercantil Commercebank, National Association All Insured Commercial Banks in Florida
Interest and Fees on Loans 188,525 17,732
Income from Lease Financing Receivables — 0
— 43
Estimated Tax Benefit from Tax-Exempt Loan Income — 22
Income on Loans and Leases (TE) 188,525 17,770
Investment Interest Income (TE) 48,314 2,218
Total Interest Income (TE) 240,178 20,559
Total Interest Expense 39,800 2,162
Net Interest Income (TE) 200,378 18,272
Non-Interest Income 59,455 3,794
Adjusted Operating Income (TE) 259,833 22,711
Non-interest Expense 194,794 16,000
Provision for Loan & Lease Losses 20,272 402
Pretax Operating Income (TE) 44,767 6,153
Pretax Net Operating Income (TE) 45,798 6,294
Applicable Income Taxes 13,423 1,702
Net Operating Income 31,024 4,381
Net Income 31,024 4,381
Cash Dividends Declared 6,000 1,082
Retained Earnings 25,024 2,782