Mercantile Bank Balance Sheet - Annual (NASDAQ:MBWM)

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$33.93 $0.19 (0.56%) MBWM stock closing price Sep 25, 2018 (Closing)

The Mercantile Bank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Mercantile Bank stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. The Mercantile Bank balance sheet for 2017 shows total assets of $3.29B. The company has a asset turnover ratio of 0.05. Also see: Mercantile Bank revenue and Mercantile Bank operating cash flow for the same year.

View latest 10 year balance sheet data to check Mercantile Bank financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash200.1M183.59M89.89M172.73M146.96M136M66.73M54.59M20.26M25.7M
Marketable Securities------9.64M9.6M1.47M-
Receivables2.54B2.36B2.26B2.07B1.03B1.02B1.04B1.22B1.5B1.84B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.74B2.54B2.35B2.24B1.18B1.15B1.12B1.29B1.52B1.86B
Property Plant & Equipment76.62M74.17M72.9M71.96M46M45.98M46.03M45.53M45.57M45.91M
Accumulated Depreciation30.58M28.71M26.03M23.15M21.1M20.06M19.23M17.66M15.89M13.57M
Net Property Plant & Equipment
46.03M45.45M46.86M48.81M24.89M25.91M26.8M27.87M29.68M32.33M
Investment & Advances346.78M336.08M354.55M446.61M143.13M150.27M184.95M235.17M257.38M242.78M
Other Non-Current Assets----2.85M6.97M15.28M16.67M26.6M-
Deferred Charges----17.75M22.01M26.01M---
Intangibles57.07M59.43M62.1M65.09M------
Deposits & Other Assets97.66M97.34M88.09M90.88M57.28M65.35M63.51M65.29M71.76M68.76M
Total Assets
3.29B3.08B2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B
Notes Payable118.74M131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M
Accounts Payable2.52B2.37B2.28B2.28B1.12B1.14B1.11B1.27B1.4B1.6B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses14.2M15.23M16.44M12.26M7.43M6.93M4.16M5.88M7.24M17.13M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.66B2.52B2.45B2.46B1.2B1.21B1.19B1.4B1.51B1.71B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt265.51M219.83M123.15M108.49M77.99M69.43M79.42M109.79M254.88M322.51M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
2.92B2.74B2.57B2.57B1.27B1.28B1.27B1.51B1.77B2.03B
Minority Interest----------
Preferred Stock------20.33M20.07M19.83M-
Common Stock Net309.77M305.48M304.81M317.9M162.99M166.07M172.84M172.67M172.43M172.35M
Capital Surplus----------
Retained Earnings61M40.9M27.72M10.21M-4.1M-21.13M-32.63M-68.78M-54.17M-1.28M
Treasury Stock----------
Other Liabilities-4.9M-5.58M1.26M--5.57M1.65M4.46M1.96M1.99M3.3M
Shareholders Equity365.87M340.81M333.8M328.13M153.32M146.59M164.99M125.93M140.1M174.37M
Total Liabilities & Shareholders Equity3.29B3.08B2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Mercantile Bank stock price, and Mercantile Bank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Mercantile Bank PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Mercantile Bank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for MBWM stock as of 2017 is $3.29B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Mercantile Bank is $2.92B. Shareholders' equity comes under liabilities as it is money the company owes the holders of MBWM stock.

Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.04
Debt to equity ratio
0.99
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
1.55