Mercantile Bank Balance Sheet - Annual (NASDAQ:MBWM)

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$32.9 $0.09 (0.27%) MBWM stock closing price Dec 01, 2016 (Closing)

A thorough fundamental analysis involves using data from Mercantile Bank balance sheet, apart from other financial statements, to value the business. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Mercantile Bank stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Mercantile Bank revenue was $128.36M and Mercantile Bank operating cash flow was $36M for 2015. The balance sheet shows total liabilities of $2.57B and shareholders equity of $333.8M. View latest and last 10 year balance sheet data to check Mercantile Bank financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash89.89M172.73M146.96M136M66.73M54.59M20.26M25.7M29.13M51.09M
Marketable Securities----9.64M9.6M1.47M0.1M0.29M0.28M
Receivables2.26B2.07B1.03B1.02B1.04B1.22B1.5B1.84B1.78B1.73B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
2.35B2.24B1.18B1.15B1.12B1.29B1.52B1.86B1.81B1.79B
Property Plant & Equipment72.9M71.96M46M45.98M46.03M45.53M45.57M45.91M--
Accumulated Depreciation26.03M23.15M21.1M20.06M19.23M17.66M15.89M13.57M--
Mercantile Bank Net Property Plant & Equipment
46.86M48.81M24.89M25.91M26.8M27.87M29.68M32.33M34.35M33.53M
Investment & Advances354.55M446.61M143.13M150.27M184.95M235.17M257.38M242.78M211.73M202.41M
Other Non-Current Assets--2.85M6.97M15.28M16.67M26.6M---
Deferred Charges--17.75M22.01M26.01M-----
Intangibles62.1M65.09M--------
Deposits & Other Assets88.09M90.88M57.28M65.35M63.51M65.29M71.76M68.76M61.86M45.57M
Mercantile Bank Total Assets
2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B2.12B2.07B
Notes Payable154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M95.27M
Accounts Payable2.28B2.28B1.12B1.14B1.11B1.27B1.4B1.6B1.59B1.65B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses16.44M12.26M7.43M6.93M4.16M5.88M7.24M17.13M23.79M21.87M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
2.45B2.46B1.2B1.21B1.19B1.4B1.51B1.71B1.73B1.76B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt123.15M108.49M77.99M69.43M79.42M109.79M254.88M322.51M217M131.3M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
2.57B2.57B1.27B1.28B1.27B1.51B1.77B2.03B1.94B1.9B
Minority Interest----------
Preferred Stock----20.33M20.07M19.83M---
Common Stock Net304.81M317.9M162.99M166.07M172.84M172.67M172.43M172.35M172.93M161.22M
Capital Surplus----------
Retained Earnings27.72M10.21M-4.1M-21.13M-32.63M-68.78M-54.17M-1.28M4.94M11.79M
Treasury Stock----------
Other Liabilities1.26M0.01M-5.57M1.65M4.46M1.96M1.99M3.3M0.26M-1.1M
Mercantile Bank Shareholders Equity
333.8M328.13M153.32M146.59M164.99M125.93M140.1M174.37M178.15M171.91M
Mercantile Bank Total Liabilities & Shareholders Equity
2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B2.12B2.07B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Mercantile Bank stock price, and Mercantile Bank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Mercantile Bank PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Mercantile Bank owns and has monetary significance. MBWM assets grew from $2.89B in 2014 to $2.9B in 2015 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Mercantile Bank's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for MBWM stock stand at $2.57B.
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Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.02
Debt to Equity ratio
1.08
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.5800