Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$32.75 $0.17 (0.52%) MBWM stock closing price Jan 23, 2017 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Mercantile Bank, and helps in stock analysis. Financial strength can be guaged by performing Mercantile Bank stock analysis and by analyzing the balance sheet. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Mercantile Bank revenue was $34.32M and Mercantile Bank operating cash flow was $22.15M forĀ 2016-Q3. The balance sheet shows total liabilities of $2.71B and shareholders equity of $349.47M. 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-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Cash141.73M106.98M101.18M89.89M103.84M138.43M148.79M172.73M132.25M118.85M
Marketable Securities----------
Receivables2.39B2.36B2.28B2.26B2.2B2.16B2.1B2.07B2.09B2.06B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
2.53B2.47B2.38B2.35B2.31B2.29B2.25B2.24B2.22B2.18B
Property Plant & Equipment73.23M72.93M72.62M72.9M72.87M72.54M72.27M71.96M70.89M70.87M
Accumulated Depreciation28.02M27.37M26.65M26.03M25.36M24.63M23.9M23.15M22.32M21.86M
Mercantile Bank Net Property Plant & Equipment
45.21M45.55M45.96M46.86M47.5M47.9M48.36M48.81M48.57M49M
Investment & Advances333.46M331.47M351.37M354.55M374.74M381.01M427.39M446.61M473.23M494.5M
Other Non-Current Assets---------2.87M
Deferred Charges---------9.23M
Intangibles60.06M60.7M61.38M62.1M62.81M63.53M64.3M65.09M67.28M68.08M
Deposits & Other Assets94.63M92.38M86.74M88.09M91.19M89.79M88.62M90.88M55.99M76.38M
Mercantile Bank Total Assets
3.06B3B2.93B2.9B2.88B2.88B2.88B2.89B2.86B2.88B
Notes Payable154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M95.27M
Accounts Payable2.33B2.28B2.27B2.28B2.25B2.28B2.28B2.28B2.27B2.3B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses15.54M16.45M17.74M16.44M17.29M13.28M14M12.26M16.2M10.25M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
2.49B2.43B2.45B2.45B2.43B2.44B2.44B2.46B2.43B2.44B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt222.66M222.49M142.32M123.15M122.98M102.81M102.65M108.49M111.33M125.52M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
2.71B2.66B2.59B2.57B2.55B2.55B2.54B2.57B2.54B2.56B
Minority Interest----------
Preferred Stock----------
Common Stock Net304.02M303.33M302.36M304.81M304.37M310.13M316.53M317.9M317.37M318.45M
Capital Surplus----------
Retained Earnings43.65M38.55M33.69M27.72M23.67M18.76M14.48M10.21M5.94M0.67M
Treasury Stock----------
Other Liabilities1.78M2.68M2.49M1.26M0.76M0.06M1.76M0.01M-2.32M-2.98M
Mercantile Bank Shareholders Equity
349.47M344.57M338.55M333.8M328.82M328.97M332.78M328.13M320.99M316.13M
Mercantile Bank Total Liabilities & Shareholders Equity
3.06B3B2.93B2.9B2.88B2.88B2.88B2.89B2.86B2.88B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Mercantile Bank stock price by looking at Mercantile Bank historical stock prices. One can compare PE with industry average by looking at the Mercantile Bank PE ratio chart. The common balance sheet items are:
  • Assets: An asset is a resource that a corporation like Mercantile Bank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for MBWM stock as of quarter is $3.06B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Mercantile Bank for 2016-Q3 total to $2.71B. 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.
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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

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