Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$33.58 $0.08 (0.24%) MBWM stock closing price Sep 25, 2017 (Closing)

A thorough fundamental analysis involves using data from Mercantile Bank balance sheet, apart from other financial statements, to value the business. Financial strength can be guaged by performing Mercantile Bank stock analysis and by analyzing the balance sheet. Quarterly results are typically accompanied with the company releasing financial statements. The Mercantile Bank balance sheet for 2017-Q2 shows total assets of $3.14B. Mercantile Bank revenue was $34.95M and Mercantile Bank operating cash flow was $15.69M for the same quarter. View Mercantile Bank quarterly results to get the balance sheet details for the latest 40 quarters data.

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Fiscal year is Jan - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Cash101.6M52.97M183.59M141.73M106.98M101.18M89.89M103.84M138.43M148.79M
Marketable Securities----------
Receivables2.51B2.42B2.36B2.39B2.36B2.28B2.26B2.2B2.16B2.1B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mercantile Bank Total Current Assets
2.61B2.48B2.54B2.53B2.47B2.38B2.35B2.31B2.29B2.25B
Property Plant & Equipment75.96M-74.17M73.23M72.93M72.62M72.9M72.87M72.54M72.27M
Accumulated Depreciation29.96M-28.71M28.02M27.37M26.65M26.03M25.36M24.63M23.9M
Mercantile Bank Net Property Plant & Equipment
45.99M45.84M45.45M45.21M45.55M45.96M46.86M47.5M47.9M48.36M
Investment & Advances333.29M341.67M336.08M333.46M331.47M351.37M354.55M374.74M381.01M427.39M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles58.18M58.79M59.43M60.06M60.7M61.38M62.1M62.81M63.53M64.3M
Deposits & Other Assets95.26M96.58M97.34M94.63M92.38M86.74M88.09M91.19M89.79M88.62M
Mercantile Bank Total Assets
3.14B3.02B3.08B3.06B3B2.93B2.9B2.88B2.88B2.88B
Notes Payable131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M111.26M
Accounts Payable2.37B2.28B2.37B2.33B2.28B2.27B2.28B2.25B2.28B2.28B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses14.02M16.16M15.23M15.54M16.45M17.74M16.44M17.29M13.28M14M
Income Taxes Payable----------
Other Current Liabilities----------
Mercantile Bank Total Current Liabilities
2.5B2.42B2.52B2.49B2.43B2.45B2.45B2.43B2.44B2.44B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt290.17M250M219.83M222.66M222.49M142.32M123.15M122.98M102.81M102.65M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Mercantile Bank Total Liabilities
2.79B2.67B2.74B2.71B2.66B2.59B2.57B2.55B2.55B2.54B
Minority Interest----------
Preferred Stock----------
Common Stock Net308.34M307.37M305.48M304.02M303.33M302.36M304.81M304.37M310.13M316.53M
Capital Surplus----------
Retained Earnings50.01M45.59M40.9M43.65M38.55M33.69M27.72M23.67M18.76M14.48M
Treasury Stock----------
Other Liabilities-0.85M-4.91M-5.58M1.78M2.68M2.49M1.26M0.76M0.06M1.76M
Mercantile Bank Shareholders Equity
357.49M348.05M340.81M349.47M344.57M338.55M333.8M328.82M328.97M332.78M
Mercantile Bank Total Liabilities & Shareholders Equity
3.14B3.02B3.08B3.06B3B2.93B2.9B2.88B2.88B2.88B
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: MBWM total assets, which was at $3.14B for 2017-Q2 is a balance sheet item representing value of what Mercantile Bank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities include short term loans and long term loans availed by the company to fund its business operations. MBWM stock had total liabilities of $2.79B for quarter 2017-Q2.
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Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.05
Debt to equity ratio
1.18
Asset turnover ratio
0.05
Receivables turnover
0.06
price to book ratio
1.59