Mercantile Bank Balance Sheet - Annual (NASDAQ:MBWM)

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$37.08 $0.27 (0.72%) MBWM stock closing price Jul 13, 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. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Apart from analyzing Mercantile Bank revenue Mercantile Bank operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Mercantile Bank balance sheet for 2017 shows cash on hand of $200.1M. The company has a debt to equity ratio of 1.04.

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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The latest Mercantile Bank stock price, and Mercantile Bank historical stock prices show the stock price movement over time, and the Mercantile Bank PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: An asset is a resource that a corporation like Mercantile Bank owns and has monetary significance. MBWM assets grew from $3.08B in 2016 to $3.29B in 2017. 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: The total liabilities of Mercantile Bank for the year 2017 total to $2.92B. Liabilities for a company like Mercantile Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.03
Debt to equity ratio
1.04
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
1.72