Mercantile Bank Income Statement - Quarterly (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 The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from $34.99M to $34.32M and how operating and non operating activities have impacted the MBWM stock. 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 $34.32M for 2016-Q4. Revenue has decreased by $0.67M QoQ for MBWM stock. View details of revenue and profits for Mercantile Bank for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Mercantile Bank Net Sales or Revenues
34.32M34.99M34.21M35.98M32.62M32.78M31.68M31.28M31.48M31.8M
Cost Of Goods Sold (COGS)-1.92M1.81M1.86M1.97M1.96M1.77M1.89M2.1M1.97M
Mercantile Bank Gross Profit
-33.06M32.39M34.1M30.69M30.8M29.9M29.38M29.4M29.82M
Research & Development Expense----------
Selling General & Admin Expense-20.26M20.29M20.46M20.6M19.19M19.75M18.84M19.23M19.09M
Income Before Depreciation Depletion Amortization-12.8M12.09M13.64M10.09M11.61M10.15M10.54M10.17M10.73M
Depreciation Depletion Amortization----------
Non Operating Income--------0.37M1.25M
Interest Expense-1.33M1.22M1.14M0.98M0.9M0.84M0.84M0.89M0.94M
Mercantile Bank Pretax Income
-11.47M10.87M12.5M9.12M10.7M9.31M9.7M8.92M8.54M
Provision for Income Taxes-3.62M3.43M3.95M2.64M3.37M2.75M3.05M2.62M2.6M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations8.09M7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.29M5.95M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
8.09M7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.29M5.95M
Average Shares used to compute Diluted EPS16.37M16.31M16.27M16.33M16.35M16.46M16.8M16.98M16.99M16.93M
Average Shares used to compute Basic EPS16.35M16.28M16.24M16.29M16.32M16.43M16.77M16.94M16.92M16.85M
Income Before Nonrecurring Items8.09M7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.49M6.85M
Income from Nonrecurring Items---------0.2M-0.9M
Mercantile Bank Earnings Per Share Basic Net
0.490.480.460.520.400.450.390.390.370.35
Mercantile Bank Earnings Per Share Diluted Net
0.490.480.460.520.400.450.390.390.370.35
EPS Diluted Before Nonrecurring Items0.490.480.460.520.400.450.390.390.380.40
Preferred Dividends Acc Pd----------
Dividends Common11.002.77--------
Dividend Per Share Common0.670.170.160.160.150.150.140.140.120.12
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 QoQ growth (See: Mercantile Bank revenue chart) implies that the company is growing, which has not been the case with Mercantile Bank. One must stay away from stocks whose revenues are declining.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $34.32M - other expenses = $8.09M for MBWM stock. An improving bottomline implies that the company is growing profits.
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)
17.1790
PS ratio (
price sales ratio
)
3.9263
Net profit margin
23.6
Dividend yield
3.46%