Mercantile Bank Annual Income Statement (NASDAQ:MBWM)

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$31.61 $0.09 (0.28%) MBWM stock closing price Jul 20, 2017 (Closing)

Looking at financial statements, along with the Mercantile Bank stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. 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 $11.13M. 2016 revenue is $139.49M and has increased from $128.36M year on year as is evident when you compare the latest figures in the latest Mercantile Bank profit and loss statement with those of the prior corresponding period. (See also:Mercantile Bank assets and Mercantile Bank free cash flow) 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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The key things to look for in an income statement while doing Mercantile Bank stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Mercantile Bank revenue chart) implies that the company is growing, which has been the case with Mercantile Bank. One must stay away from stocks whose revenues are declining.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MBWM stock had a healthy bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Mercantile Bank historical stock prices to check how the price has moved with time. .

Mercantile Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
16.7250
PS ratio (
price sales ratio
)
3.7635
Operating margin
35.6
Net profit margin
22
Dividend yield
3.73%