Mercantile Bank Balance Sheet - Quarterly (NASDAQ:MBWM)

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$35.47 $0.08 (0.23%) MBWM stock closing price Apr 20, 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 $2.92B and shareholders equity of $365.87M. 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 - Dec2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Cash200.1M177.05M101.6M52.97M183.59M141.73M106.98M101.18M89.89M103.84M
Marketable Securities----------
Receivables2.54B2.54B2.51B2.42B2.36B2.39B2.36B2.28B2.26B2.2B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.74B2.71B2.61B2.48B2.54B2.53B2.47B2.38B2.35B2.31B
Property Plant & Equipment76.62M75.98M75.96M-74.17M73.23M72.93M72.62M72.9M72.87M
Accumulated Depreciation30.58M30.38M29.96M-28.71M28.02M27.37M26.65M26.03M25.36M
Net Property Plant & Equipment
46.03M45.6M45.99M45.84M45.45M45.21M45.55M45.96M46.86M47.5M
Investment & Advances346.78M341.12M333.29M341.67M336.08M333.46M331.47M351.37M354.55M374.74M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles57.07M57.62M58.18M58.79M59.43M60.06M60.7M61.38M62.1M62.81M
Deposits & Other Assets97.66M98.16M95.26M96.58M97.34M94.63M92.38M86.74M88.09M91.19M
Total Assets
3.29B3.25B3.14B3.02B3.08B3.06B3B2.93B2.9B2.88B
Notes Payable118.74M131.71M154.77M167.56M69.3M64.76M72.56M116.97M102.35M94.41M
Accounts Payable2.52B2.49B2.37B2.28B2.37B2.33B2.28B2.27B2.28B2.25B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses14.2M15.43M14.02M16.16M15.23M15.54M16.45M17.74M16.44M17.29M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.66B2.63B2.5B2.42B2.52B2.49B2.43B2.45B2.45B2.43B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt265.51M265.34M290.17M250M219.83M222.66M222.49M142.32M123.15M122.98M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
2.92B2.89B2.79B2.67B2.74B2.71B2.66B2.59B2.57B2.55B
Minority Interest----------
Preferred Stock----------
Common Stock Net309.77M309.03M308.34M307.37M305.48M304.02M303.33M302.36M304.81M304.37M
Capital Surplus----------
Retained Earnings61M55.25M50.01M45.59M40.9M43.65M38.55M33.69M27.72M23.67M
Treasury Stock----------
Other Liabilities-4.9M-1.74M-0.85M-4.91M-5.58M1.78M2.68M2.49M1.26M-
Shareholders Equity365.87M362.54M357.49M348.05M340.81M349.47M344.57M338.55M333.8M328.82M
Total Liabilities & Shareholders Equity3.29B3.25B3.14B3.02B3.08B3.06B3B2.93B2.9B2.88B
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 2017 Q4 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 $2.92B for the quarter 2017 Q4.

Mercantile Bank Balance Sheet - Key Ratios

Current ratio
1.03
Debt to equity ratio
1.05
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
1.65