Mercantile Bank Income Statement - Quarterly (NASDAQ:MBWM)

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$32.15 $0.99 (2.99%) MBWM stock closing price Jan 19, 2017 (Closing)

Fundamental analysis of MBWM stock involves analyzing its financial statements, apart from checking the Mercantile Bank stock price 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. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $34.21M to $34.99M and how operating and non operating activities have impacted the MBWM stock. The Mercantile Bank profit and loss statement for 2016-Q3 shows a profit of $7.85M. Profits have grown from $7.43M QoQ. Apart from this an investor should also check Mercantile Bank assets and Mercantile Bank free cash flow. 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-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Mercantile Bank Net Sales or Revenues
34.99M34.21M35.98M32.62M32.78M31.68M31.28M31.48M31.8M20.77M
Cost Of Goods Sold (COGS)1.92M1.81M1.86M1.97M1.96M1.77M1.89M2.1M1.97M2.27M
Mercantile Bank Gross Profit
33.06M32.39M34.1M30.69M30.8M29.9M29.38M29.4M29.82M18.49M
Research & Development Expense----------
Selling General & Admin Expense20.26M20.29M20.46M20.6M19.19M19.75M18.84M19.23M19.09M11.91M
Income Before Depreciation Depletion Amortization12.8M12.09M13.64M10.09M11.61M10.15M10.54M10.17M10.73M6.58M
Depreciation Depletion Amortization----------
Non Operating Income-------0.37M1.25M3.45M
Interest Expense1.33M1.22M1.14M0.98M0.9M0.84M0.84M0.89M0.94M0.65M
Mercantile Bank Pretax Income
11.47M10.87M12.5M9.12M10.7M9.31M9.7M8.92M8.54M2.47M
Provision for Income Taxes3.62M3.43M3.95M2.64M3.37M2.75M3.05M2.62M2.6M0.96M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.29M5.95M1.51M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.29M5.95M1.51M
Average Shares used to compute Diluted EPS16.31M16.27M16.33M16.35M16.46M16.8M16.98M16.99M16.93M11.44M
Average Shares used to compute Basic EPS16.28M16.24M16.29M16.32M16.43M16.77M16.94M16.92M16.85M11.41M
Income Before Nonrecurring Items7.85M7.43M8.55M6.48M7.34M6.56M6.65M6.49M6.85M3.91M
Income from Nonrecurring Items--------0.2M-0.9M-2.4M
Mercantile Bank Earnings Per Share Basic Net
0.480.460.520.400.450.390.390.370.350.13
Mercantile Bank Earnings Per Share Diluted Net
0.480.460.520.400.450.390.390.370.350.13
EPS Diluted Before Nonrecurring Items0.480.460.520.400.450.390.390.380.400.34
Preferred Dividends Acc Pd----------
Dividends Common2.77---------
Dividend Per Share Common0.170.160.160.150.150.140.140.120.122.12
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:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that MBWM stock has a topline or revenue of $34.99M for 2016-Q3 as per this Mercantile Bank revenue chart. Investors look for stocks with a growing top line.
  • 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 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)
17.2850
PS ratio (
price sales ratio
)
3.7983
Operating margin
36.6
Net profit margin
22.4
Dividend yield
1.99%