Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$33.5 $0.16 (0.48%) MBWM stock closing price Feb 24, 2017 (Closing)

Fundamental analysis of MBWM stock involves analyzing its financial statements, apart from checking the Mercantile Bank stock price In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $128.36M to $139.5M and how operating and non operating activities have impacted the MBWM stock. 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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It is very helpful to read a report on Mercantile Bank stock analysis. An investor must check the following items in an income statement:
  • Topline: A growing topline, as seen from the Mercantile Bank revenue chart, as is the case with Mercantile Bank indicates a growing business. One needs to compare the QoQ or YoY topline growth of MBWM stock with its peers like THFF stock and QCRH stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MBWM stock had a healthy bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Mercantile Bank historical stock prices to check how the price has moved with time. .

Mercantile Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
17.1790
PS ratio (
price sales ratio
)
3.9263
Net profit margin
23.6
Dividend yield
3.46%