Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$34.09 $0.94 (2.68%) MBWM stock closing price Dec 07, 2016 (Closing)

The Mercantile Bank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. 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 $34.99M and Mercantile Bank operating cash flow was $22.15M for 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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Annual
Quarterly
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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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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 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: 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 $2.71B.
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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
)
1.6370