Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$36.65 $0.63 (1.69%) MBWM stock closing price Jul 17, 2018 (Closing)

The financial analysis of a company like Mercantile Bank involves checking the three financial statements of the company in detail, of which the balance sheet is one. 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 quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The balance sheet shows total liabilities of $2.93B and shareholders equity of $368.34M. Mercantile Bank revenue and Mercantile Bank operating cash flow are important in understanding the financial capacity of the company.

View and download Mercantile Bank quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash211.15M200.1M177.05M101.6M52.97M183.59M141.73M106.98M101.18M89.89M
Marketable Securities----------
Receivables2.53B2.54B2.54B2.51B2.42B2.36B2.39B2.36B2.28B2.26B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.74B2.74B2.71B2.61B2.48B2.54B2.53B2.47B2.38B2.35B
Property Plant & Equipment77.54M76.62M75.98M75.96M-74.17M73.23M72.93M72.62M72.9M
Accumulated Depreciation31.24M30.58M30.38M29.96M-28.71M28.02M27.37M26.65M26.03M
Net Property Plant & Equipment
46.3M46.03M45.6M45.99M45.84M45.45M45.21M45.55M45.96M46.86M
Investment & Advances348.02M346.78M341.12M333.29M341.67M336.08M333.46M331.47M351.37M354.55M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles56.51M57.07M57.62M58.18M58.79M59.43M60.06M60.7M61.38M62.1M
Deposits & Other Assets100.67M97.66M98.16M95.26M96.58M97.34M94.63M92.38M86.74M88.09M
Total Assets
3.29B3.29B3.25B3.14B3.02B3.08B3.06B3B2.93B2.9B
Notes Payable118.74M131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M
Accounts Payable2.54B2.52B2.49B2.37B2.28B2.37B2.33B2.28B2.27B2.28B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses14.92M14.2M15.43M14.02M16.16M15.23M15.54M16.45M17.74M16.44M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.66B2.66B2.63B2.5B2.42B2.52B2.49B2.43B2.45B2.45B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt265.68M265.51M265.34M290.17M250M219.83M222.66M222.49M142.32M123.15M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
2.93B2.92B2.89B2.79B2.67B2.74B2.71B2.66B2.59B2.57B
Minority Interest----------
Preferred Stock----------
Common Stock Net310.6M309.77M309.03M308.34M307.37M305.48M304.02M303.33M302.36M304.81M
Capital Surplus----------
Retained Earnings68.24M61M55.25M50.01M45.59M40.9M43.65M38.55M33.69M27.72M
Treasury Stock----------
Other Liabilities-10.5M-4.9M-1.74M-0.85M-4.91M-5.58M1.78M2.68M2.49M1.26M
Shareholders Equity368.34M365.87M362.54M357.49M348.05M340.81M349.47M344.57M338.55M333.8M
Total Liabilities & Shareholders Equity3.29B3.29B3.25B3.14B3.02B3.08B3.06B3B2.93B2.9B
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 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 2018 Q1 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 include short term loans and long term loans availed by the company to fund its business operations. MBWM stock had total liabilities of $2.93B for the quarter 2018 Q1.

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
1.69