Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$27.62 $0.11 (0.4%) MBWM stock closing price Oct 24, 2016 (Closing)

A thorough fundamental analysis involves using data from Mercantile Bank balance sheet, apart from other financial statements, to value the business. As in our Mercantile Bank stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Mercantile Bank had a long term debt of $222.49M at the end of 2016-Q2. Mercantile Bank operating cash flow was $15.8M while Mercantile Bank revenue stood at $34.99M. View Mercantile Bank quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Marketable Securities----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
Property Plant & Equipment72.93M72.62M72.9M72.87M72.54M72.27M71.96M70.89M70.87M46.29M
Accumulated Depreciation27.37M26.65M26.03M25.36M24.63M23.9M23.15M22.32M21.86M21.43M
Mercantile Bank Net Property Plant & Equipment
Investment & Advances331.47M351.37M354.55M374.74M381.01M427.39M446.61M473.23M494.5M153.05M
Other Non-Current Assets--------2.87M2.35M
Deferred Charges--------9.23M15.76M
Deposits & Other Assets92.38M86.74M88.09M91.19M89.79M88.62M90.88M55.99M76.38M57.82M
Mercantile Bank Total Assets
Notes Payable154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M95.27M
Accounts Payable2.28B2.27B2.28B2.25B2.28B2.28B2.28B2.27B2.3B1.11B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses16.45M17.74M16.44M17.29M13.28M14M12.26M16.2M10.25M6.42M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt222.49M142.32M123.15M122.98M102.81M102.65M108.49M111.33M125.52M77.99M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
Minority Interest----------
Preferred Stock----------
Common Stock Net303.33M302.36M304.81M304.37M310.13M316.53M317.9M317.37M318.45M162.07M
Capital Surplus----------
Retained Earnings38.55M33.69M27.72M23.67M18.76M14.48M10.21M5.94M0.67M-0.52M
Treasury Stock----------
Other Liabilities2.68M2.49M1.26M0.76M0.06M1.76M0.01M-2.32M-2.98M-3.86M
Mercantile Bank Shareholders Equity
Mercantile Bank Total Liabilities & Shareholders Equity
All figures in USD. M: Millions of USD, B: Billions of USD.

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: An asset is a resource that a corporation like Mercantile Bank owns and has monetary significance. MBWM assets grew from $2.93B in 2016-Q1 to $3B in 2016-Q2 . 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: The total liabilities of Mercantile Bank for 2016-Q2 total to $2.66B. Liabilities for a company like Mercantile Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Mercantile Bank Balance Sheet - Key Ratios

Current ratio
Debt to Equity ratio
Asset Turnover
receivables turnover

Quarterly Balance Sheets For Mercantile Bank Corp. Peers

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