Mercantile Bank Revenue, Profits - MBWM Quarterly Income Statement

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$35.47 $0.08 (0.23%) MBWM stock closing price Apr 20, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Mercantile Bank stock price alone is not sufficient. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has decreased from 37.64M to 37.41M and how operating and non operating activities have impacted the MBWM stock. Revenue for year 2017 Q4 is $37.41M and has decreased from $37.64M quarter on quarter 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. Also see Mercantile Bank assets and Mercantile Bank free cash flow for a complete valuation of MBWM stock.

View and download details of revenue and profits for Mercantile Bank for latest & last 40 quarters.
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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
Mercantile Bank Revenues or Net Sales
37.41M37.64M34.95M34.56M34.32M34.99M34.21M35.98M32.62M32.78M
Cost Of Goods Sold (COGS)2.83M2.65M2.02M1.86M1.95M1.92M1.81M1.86M1.97M1.96M
Mercantile Bank Gross Profit
34.6M34.98M32.92M32.68M32.39M33.06M32.39M34.1M30.69M30.8M
Research & Development Expense----------
Selling General & Admin Expense20.45M21.21M20.63M20.37M19M20.26M20.29M20.46M20.6M19.19M
Income Before Depreciation Depletion Amortization14.14M13.77M12.29M12.31M13.39M12.8M12.09M13.64M10.09M11.61M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense1.7M1.73M1.68M1.32M1.35M1.33M1.22M1.14M--
Mercantile Bank Pretax Income
12.47M12.03M10.6M10.98M12.04M11.47M10.87M12.5M9.12M10.7M
Provision for Income Taxes4.48M3.7M3.26M3.36M3.97M3.62M3.43M3.95M2.64M3.37M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations7.98M8.34M7.34M7.62M8.09M7.85M7.43M8.55M6.48M7.34M
Extraordinary Items & Discontinued Operations----------
Mercantile Bank Profit/ Loss (Net Income)
7.98M8.34M7.34M7.62M8.09M7.85M7.43M8.55M6.48M7.34M
Average Shares used to compute Diluted EPS16.54M16.5M16.49M16.45M16.37M16.31M16.27M16.33M16.35M16.46M
Average Shares used to compute Basic EPS16.53M16.48M16.47M16.44M16.35M16.28M16.24M16.29M16.32M16.43M
Income Before Nonrecurring Items7.98M8.34M7.34M7.62M8.09M7.85M7.43M8.55M6.48M7.34M
Income from Nonrecurring Items----------
Mercantile Bank Earnings Per Share Basic Net
0.480.510.450.460.490.480.460.520.400.45
Mercantile Bank Earnings Per Share Diluted Net
----------
EPS Diluted Before Nonrecurring Items0.480.510.450.460.490.480.460.520.400.45
Preferred Dividends Acc Pd----------
Dividends Common3.153.13--------
Dividend Per Share Common0.190.190.180.180.670.170.160.160.150.15
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:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: Mercantile Bank revenue chart, implies that the company is growing. It has not been the case with Mercantile Bank. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Mercantile Bank try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

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)
18.67
PS Ratio (price sales ratio)
4.06
Operating Margin
37.8
Net Profit Margin
21.3
Dividend Yield
2.09%