Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$32.56 $0.34 (1.03%) MBWM stock closing price Dec 02, 2016 (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.   The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement for MBWM which implies a YoY revenue growth of $29.22M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Mercantile Bank assets, operating expenses and Mercantile Bank free cash flow. The profit and loss statement shows revenue of $128.36M for 2015. Revenue has grown by $29.22M YoY for MBWM stock. Mercantile Bank revenue for 2015 is $128.36M. 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. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Mercantile Bank Net Sales or Revenues
128.36M99.14M65.11M67.91M78.35M97.38M112.46M128.35M150.05M142.52M
Cost Of Goods Sold (COGS)7.59M8.37M8.91M11.13M16.38M23.52M41.26M59.81M76.22M64.75M
Mercantile Bank Gross Profit
120.77M90.76M56.2M56.77M61.96M73.85M71.19M68.54M73.83M77.76M
Research & Development Expense----------
Selling General & Admin Expense78.38M57.16M27.95M36.52M48.39M78.95M105.48M63.32M49.42M38.03M
Income Before Depreciation Depletion Amortization42.39M33.6M28.24M20.25M13.57M-5.09M-34.29M5.21M24.4M39.72M
Depreciation Depletion Amortization----------
Non Operating Income-5.44M1.24M-------
Interest Expense3.56M2.96M1.87M2.07M3.44M8.26M12.3M15.05M12.4M10.91M
Mercantile Bank Pretax Income
38.83M25.19M25.12M18.17M10.12M-13.36M-46.59M-9.83M12M28.81M
Provision for Income Taxes11.81M7.86M8.09M5.63M-27.36M-0.04M5.49M-4.87M3.03M8.96M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M19.84M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M19.84M
Average Shares used to compute Diluted EPS16.64M13.56M8.73M8.85M8.88M8.51M8.49M8.47M8.5M8.52M
Average Shares used to compute Basic EPS16.61M13.51M8.71M8.63M8.6M8.51M8.49M8.47M8.45M8.4M
Income Before Nonrecurring Items27.02M21.13M18.07M11.51M8.8M-13.32M-21.46M-4.96M8.97M19.85M
Income from Nonrecurring Items--3.8M-1.03M-28.69M--20.63M---
Mercantile Bank Earnings Per Share Basic Net
1.631.281.961.334.20-1.72-5.05-0.591.062.36
Mercantile Bank Earnings Per Share Diluted Net
1.621.281.951.304.07-1.72-5.05-0.591.062.33
EPS Diluted Before Nonrecurring Items1.621.562.071.300.99-1.72-2.62-0.591.062.33
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.582.480.450.09-0.010.070.310.550.48
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Mercantile Bank stock analysis. An investor must check the following items in an income statement:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Mercantile Bank revenue chart) implies that the company is growing, which has been the case with Mercantile Bank. One must stay away from stocks whose revenues are declining.
  • 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 $27.02M for Mercantile Bank for 2015. 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)
17.5050
PS ratio (
price sales ratio
)
3.8467
Operating margin
36.6
Net profit margin
22.4
Dividend yield
1.97%