Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$35.14 $1.45 (4.3%) MBWM stock closing price Apr 24, 2017 (Closing)

Fundamental analysis of MBWM stock involves analyzing its financial statements, apart from checking the Mercantile Bank stock price In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. Like any other income statement, the MBWM income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $11.13M when compared to the same period in the past. The operating expenses (also check: Mercantile Bank assets and Mercantile Bank free cash flow) as shown in the Mercantile Bank profit and loss statement 2016 total to $87.55M. This line item has increased from $85.97M compared with last year. Mercantile Bank revenue for 2016 is $139.49M. View revenue and profit details for latest and last 10 financial years.

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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
Mercantile Bank Net Sales or Revenues
139.49M128.36M99.14M65.11M67.91M78.35M97.38M112.46M128.35M150.05M
Cost Of Goods Sold (COGS)7.54M7.59M8.37M8.91M11.13M16.38M23.52M41.26M59.81M76.22M
Mercantile Bank Gross Profit
131.94M120.77M90.76M56.2M56.77M61.96M73.85M71.19M68.54M73.83M
Research & Development Expense----------
Selling General & Admin Expense80.01M78.38M57.16M27.95M36.52M48.39M78.95M105.48M63.32M49.42M
Income Before Depreciation Depletion Amortization51.92M42.39M33.6M28.24M20.25M13.57M-5.09M-34.29M5.21M24.4M
Depreciation Depletion Amortization----------
Non Operating Income--5.44M1.24M------
Interest Expense5.04M3.56M2.96M1.87M2.07M3.44M8.26M12.3M15.05M12.4M
Mercantile Bank Pretax Income
46.88M38.83M25.19M25.12M18.17M10.12M-13.36M-46.59M-9.83M12M
Provision for Income Taxes14.97M11.81M7.86M8.09M5.63M-27.36M-0.04M5.49M-4.87M3.03M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Net Income (Profit/Loss)
31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M8.96M
Average Shares used to compute Diluted EPS16.31M16.64M13.56M8.73M8.85M8.88M8.51M8.49M8.47M8.5M
Average Shares used to compute Basic EPS16.29M16.61M13.51M8.71M8.63M8.6M8.51M8.49M8.47M8.45M
Income Before Nonrecurring Items31.91M27.02M21.13M18.07M11.51M8.8M-13.32M-21.46M-4.96M8.97M
Income from Nonrecurring Items---3.8M-1.03M-28.69M--20.63M--
Mercantile Bank Earnings Per Share Basic Net
1.961.631.281.961.334.20-1.72-5.05-0.591.06
Mercantile Bank Earnings Per Share Diluted Net
1.961.621.281.951.304.07-1.72-5.05-0.591.06
EPS Diluted Before Nonrecurring Items1.961.621.562.071.300.99-1.72-2.62-0.591.06
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.160.582.480.450.09-0.010.070.310.55
All figures in USD. M: Millions of USD, B: Billions of USD.
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Mercantile Bank stock analysis involves checking at least a few of the important things like:
  • Topline: A growing topline, as seen from the Mercantile Bank revenue chart, as is the case with Mercantile Bank indicates a growing business. One needs to compare the QoQ or YoY topline growth of MBWM stock with its peers like THFF stock and QCRH stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $139.49M - other expenses = $31.91M for MBWM stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with Mercantile Bank historical stock prices provides a lot of details about the firm. .

Mercantile Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
18.5930
PS ratio (
price sales ratio
)
4.1838
Operating margin
39
Net profit margin
23.6
Dividend yield
3.36%