Mercantile Bank Balance Sheet - Annual (NASDAQ:MBWM)

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$31.39 $0.39 (1.26%) MBWM stock closing price May 26, 2017 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Mercantile Bank, and helps in stock analysis. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Mercantile Bank stock analysis. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The Mercantile Bank balance sheet for 2016 shows cash on hand of $183.59M. The cash has increased by $93.7M. Mercantile Bank revenue was $139.49M and Mercantile Bank operating cash flow was $34.6M. View latest and last 10 year balance sheet data to check Mercantile Bank financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash183.59M89.89M172.73M146.96M136M66.73M54.59M20.26M25.7M29.13M
Marketable Securities-----9.64M9.6M1.47M0.1M0.29M
Receivables2.36B2.26B2.07B1.03B1.02B1.04B1.22B1.5B1.84B1.78B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
2.54B2.35B2.24B1.18B1.15B1.12B1.29B1.52B1.86B1.81B
Property Plant & Equipment74.17M72.9M71.96M46M45.98M46.03M45.53M45.57M45.91M-
Accumulated Depreciation28.71M26.03M23.15M21.1M20.06M19.23M17.66M15.89M13.57M-
Mercantile Bank Net Property Plant & Equipment
45.45M46.86M48.81M24.89M25.91M26.8M27.87M29.68M32.33M34.35M
Investment & Advances336.08M354.55M446.61M143.13M150.27M184.95M235.17M257.38M242.78M211.73M
Other Non-Current Assets---2.85M6.97M15.28M16.67M26.6M--
Deferred Charges---17.75M22.01M26.01M----
Intangibles59.43M62.1M65.09M-------
Deposits & Other Assets97.34M88.09M90.88M57.28M65.35M63.51M65.29M71.76M68.76M61.86M
Mercantile Bank Total Assets
3.08B2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B2.12B
Notes Payable131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M
Accounts Payable2.37B2.28B2.28B1.12B1.14B1.11B1.27B1.4B1.6B1.59B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses15.23M16.44M12.26M7.43M6.93M4.16M5.88M7.24M17.13M23.79M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
2.52B2.45B2.46B1.2B1.21B1.19B1.4B1.51B1.71B1.73B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt219.83M123.15M108.49M77.99M69.43M79.42M109.79M254.88M322.51M217M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
2.74B2.57B2.57B1.27B1.28B1.27B1.51B1.77B2.03B1.94B
Minority Interest----------
Preferred Stock-----20.33M20.07M19.83M--
Common Stock Net305.48M304.81M317.9M162.99M166.07M172.84M172.67M172.43M172.35M172.93M
Capital Surplus----------
Retained Earnings40.9M27.72M10.21M-4.1M-21.13M-32.63M-68.78M-54.17M-1.28M4.94M
Treasury Stock----------
Other Liabilities-5.58M1.26M0.01M-5.57M1.65M4.46M1.96M1.99M3.3M0.26M
Mercantile Bank Shareholders Equity
340.81M333.8M328.13M153.32M146.59M164.99M125.93M140.1M174.37M178.15M
Mercantile Bank Total Liabilities & Shareholders Equity
3.08B2.9B2.89B1.43B1.42B1.43B1.63B1.91B2.21B2.12B
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 monetary significance. MBWM assets grew from $2.9B in 2015 to $3.08B in 2016 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. MBWM stock had total liabilities of $2.74B for year 2016.
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Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.02
Debt to Equity ratio
1.1
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.4990