Mercantile Bank Balance Sheet - Annual (NASDAQ:MBWM)

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$32.58 $0.43 (1.34%) MBWM stock closing price Jan 20, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Mercantile Bank stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Mercantile Bank stock analysis. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. 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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Looking at Mercantile Bank historical stock prices and the current Mercantile Bank stock price can tell you how the stock price has moved, whereas the Mercantile Bank PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: MBWM total assets, which was at $2.9B for 2015 is a balance sheet item representing value of what Mercantile Bank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • 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
)
1.5640