Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$32.58 $0.43 (1.34%) MBWM stock closing price Jan 20, 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. 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. The Mercantile Bank profit and loss statement for 2015 shows a profit of $27.02M. Profits have grown from $17.33M YoY. Apart from this an investor should also check Mercantile Bank assets and Mercantile Bank free cash flow. 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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The key things to look for in an income statement while doing Mercantile Bank stock analysis are:
  • 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 TAYC stock and THFF stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: Most businesses like Mercantile Bank try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
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)
17.5160
PS ratio (
price sales ratio
)
3.8491
Operating margin
36.6
Net profit margin
22.4
Dividend yield
1.96%