Mercantile Bank Revenue, Profits - MBWM Annual Income Statement

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$35.31 $0.23 (0.66%) MBWM stock closing price Apr 18, 2018 (Closing)

MBWM stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Mercantile Bank stock price. The income statement is a summary of the revenue or sales, expenses and profitability - shown as Net Income, or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MBWM stock is bound to reflect the impact of the YOY growth of 3.62%. The operating expenses as shown in the Mercantile Bank profit and loss statement for 2017 total to $82.66M. This line item shows that the operating expenses has increased compared with last year. Also check: Mercantile Bank assets and Mercantile Bank free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Mercantile Bank Revenues or Net Sales
144.54M139.49M128.36M99.14M65.11M67.91M78.35M97.38M112.46M128.35M
Cost Of Goods Sold (COGS)9.36M7.54M7.59M8.37M8.91M11.13M16.38M23.52M41.26M59.81M
Mercantile Bank Gross Profit
135.18M131.94M120.77M90.76M56.2M56.77M61.96M73.85M71.19M68.54M
Research & Development Expense----------
Selling General & Admin Expense82.66M80.01M78.38M57.16M27.95M36.52M48.39M78.95M105.48M63.32M
Income Before Depreciation Depletion Amortization52.51M51.92M42.39M33.6M28.24M20.25M13.57M-5.09M-34.29M5.21M
Depreciation Depletion Amortization----------
Non Operating Income---5.44M1.24M-----
Interest Expense6.43M5.04M3.56M2.96M1.87M2.07M3.44M8.26M12.3M15.05M
Mercantile Bank Pretax Income
46.08M46.88M38.83M25.19M25.12M18.17M10.12M-13.36M-46.59M-9.83M
Provision for Income Taxes14.8M14.97M11.81M7.86M8.09M5.63M-27.36M-0.04M5.49M-4.87M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations31.27M31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Profit/ Loss (Net Income)
31.27M31.91M27.02M17.33M17.03M12.53M37.48M-13.31M-52.08M-4.95M
Average Shares used to compute Diluted EPS16.49M16.31M16.64M13.56M8.73M8.85M8.88M8.51M8.49M8.47M
Average Shares used to compute Basic EPS16.48M16.29M16.61M13.51M8.71M8.63M8.6M8.51M8.49M8.47M
Income Before Nonrecurring Items31.11M31.91M27.02M21.13M18.07M11.51M8.8M-13.32M-21.46M-4.96M
Income from Nonrecurring Items----3.8M-1.03M-28.69M--20.63M-
Mercantile Bank Earnings Per Share Basic Net
1.901.961.631.281.961.334.20-1.72-5.05-0.59
Mercantile Bank Earnings Per Share Diluted Net
1.9M1.96M1.62M1.28M1.95M1.3M4.07M-1.72M-5.05M-0.59M
EPS Diluted Before Nonrecurring Items1.891.961.621.562.071.300.99-1.72-2.62-0.59
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.741.160.582.480.450.090.000.010.070.31
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Mercantile Bank stock analysis. An investor must check the following items in an income statement:

  • 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 YoY topline or sales growth of MBWM stock with its peers like TAYC stock and QCRH stock to see if the growth compares well with what can be expected from 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 $31.27M for MBWM stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The MBWM financials along with Mercantile Bank historical stock prices provide a lot of details about the firm.

Mercantile Bank Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
18.58
PS Ratio (price sales ratio)
4.04
Operating Margin
37.8
Net Profit Margin
21.3
Dividend Yield
2.1%