Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$33.25 $0.4 (1.19%) MBWM stock closing price Mar 22, 2017 (Closing)

Looking at financial statements, along with the Mercantile Bank stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the MBWM income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $11.14M when compared to the same period in the past. The Mercantile Bank profit and loss statement for 2016 shows a profit of $31.91M. Profits have grown from $27.02M YoY. Apart from this an investor should also check Mercantile Bank assets and Mercantile Bank free cash flow. Mercantile Bank revenue for 2016 is $139.5M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Mercantile Bank Net Sales or Revenues
139.5M128.36M99.14M65.11M67.91M78.35M97.38M112.46M128.35M150.05M
Cost Of Goods Sold (COGS)-7.59M8.37M8.91M11.13M16.38M23.52M41.26M59.81M76.22M
Mercantile Bank Gross Profit
-120.77M90.76M56.2M56.77M61.96M73.85M71.19M68.54M73.83M
Research & Development Expense----------
Selling General & Admin Expense-78.38M57.16M27.95M36.52M48.39M78.95M105.48M63.32M49.42M
Income Before Depreciation Depletion Amortization-42.39M33.6M28.24M20.25M13.57M-5.09M-34.29M5.21M24.4M
Depreciation Depletion Amortization----------
Non Operating Income--5.44M1.24M------
Interest Expense-3.56M2.96M1.87M2.07M3.44M8.26M12.3M15.05M12.4M
Mercantile Bank Pretax Income
-38.83M25.19M25.12M18.17M10.12M-13.36M-46.59M-9.83M12M
Provision for Income Taxes-11.81M7.86M8.09M5.63M-27.36M-0.04M5.49M-4.87M3.03M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M
Average Shares used to compute Diluted EPS16.31M16.64M13.56M8.73M8.85M8.88M8.51M8.49M8.47M8.5M
Average Shares used to compute Basic EPS16.29M16.61M13.51M8.71M8.63M8.6M8.51M8.49M8.47M8.45M
Income Before Nonrecurring Items31.91M27.02M21.13M18.07M11.51M8.8M-13.32M-21.46M-4.96M8.97M
Income from Nonrecurring Items---3.8M-1.03M-28.69M--20.63M--
Mercantile Bank Earnings Per Share Basic Net
1.961.631.281.961.334.20-1.72-5.05-0.591.06
Mercantile Bank Earnings Per Share Diluted Net
1.961.621.281.951.304.07-1.72-5.05-0.591.06
EPS Diluted Before Nonrecurring Items1.961.621.562.071.300.99-1.72-2.62-0.591.06
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.160.582.480.450.09-0.010.070.310.55
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Mercantile Bank stock analysis are:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that MBWM stock has a topline or revenue of $139.5M for 2016 as per this Mercantile Bank revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $31.91M for Mercantile Bank for 2016. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.
The income statement is also called statement of revenue and expense. The financials along with Mercantile Bank historical stock prices provides a lot of details about the firm. .

Mercantile Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
17.0510
PS ratio (
price sales ratio
)
3.8970
Net profit margin
23.6
Dividend yield
3.49%