Mercantile Bank Income Statement - Quarterly (NASDAQ:MBWM)

Add to My Stocks
$35.47 $1.38 (4.03%) MBWM stock closing price Dec 08, 2016 (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.   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 grown from $34.21M to $34.99M and how operating and non operating activities have impacted the MBWM stock. 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 $7.43M QoQ and 2016-Q3 revenue is $34.99M. View details of revenue and profits for Mercantile Bank for latest & last 40 quarters.

show more
View Previous Quarters
View Next Quarters
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
Cost Of Goods Sold (COGS)1.92M1.81M1.86M1.97M1.96M1.77M1.89M2.1M1.97M2.27M
Mercantile Bank Gross Profit
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
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)
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
Mercantile Bank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.480.460.520.400.450.390.390.380.400.34
Preferred Dividends Acc Pd----------
Dividends Common2.772.60--------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Quarters
View Next Quarters
Get Income statement for another ticker

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: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $34.99M - other expenses = $7.85M for MBWM stock. An improving bottomline implies that the company is growing profits.
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