Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$27.62 $0.11 (0.4%) MBWM stock closing price Oct 24, 2016 (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 check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. The income statement is generated for a specific period of time. The revenue increase of $128.36M for 2015 impacts the MBWM stock. Investors typically check year over year or quarter over quarter revenue growth. Along with Mercantile Bank assets and Mercantile Bank free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $17.33M YoY and 2015 revenue is $128.36M. Mercantile Bank revenue for 2015 is $128.36M. View revenue and profit details for latest and last 10 financial years.

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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
Cost Of Goods Sold (COGS)7.59M8.37M8.91M11.13M16.38M23.52M41.26M59.81M76.22M64.75M
Mercantile Bank Gross Profit
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
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)
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
Mercantile Bank Earnings Per Share Diluted Net
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-
All figures in USD. M: Millions of USD, B: Billions of USD.

The key things to look for in an income statement while doing Mercantile Bank stock analysis are:
  • 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 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)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield