Mercantile Bank Income Statement - Quarterly (NASDAQ:MBWM)

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$27.51 $0.35 (1.26%) MBWM stock closing price Oct 21, 2016 (Closing)

MBWM stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just 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. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MBWM stock is bound to reflect the impact of the QoQ decline of $1.77M. 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 $34.21M for 2016-Q2. Revenue has decreased by $1.77M QoQ for MBWM stock. View details of revenue and profits for Mercantile Bank for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1
Mercantile Bank Net Sales or Revenues
Cost Of Goods Sold (COGS)1.81M1.86M1.97M1.96M1.77M1.89M2.1M1.97M2.27M2.03M
Mercantile Bank Gross Profit
Research & Development Expense----------
Selling General & Admin Expense20.29M20.46M20.6M19.19M19.75M18.84M19.23M19.09M11.91M6.93M
Income Before Depreciation Depletion Amortization12.09M13.64M10.09M11.61M10.15M10.54M10.17M10.73M6.58M6.12M
Depreciation Depletion Amortization----------
Non Operating Income------0.37M1.25M3.45M0.37M
Interest Expense1.22M1.14M0.98M0.9M0.84M0.84M0.89M0.94M0.65M0.48M
Mercantile Bank Pretax Income
Provision for Income Taxes3.43M3.95M2.64M3.37M2.75M3.05M2.62M2.6M0.96M1.68M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations7.43M8.55M6.48M7.34M6.56M6.65M6.29M5.95M1.51M3.58M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS16.27M16.33M16.35M16.46M16.8M16.98M16.99M16.93M11.44M8.74M
Average Shares used to compute Basic EPS16.24M16.29M16.32M16.43M16.77M16.94M16.92M16.85M11.41M8.74M
Income Before Nonrecurring Items7.43M8.55M6.48M7.34M6.56M6.65M6.49M6.85M3.91M3.58M
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 Items0.460.520.400.450.390.390.380.400.340.41
Preferred Dividends Acc Pd----------
Dividends Common2.60---------
Dividend Per Share Common0.
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 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: 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 $7.43M for Mercantile Bank for 2016-Q2. 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