MBWM FY 2007 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$861M

FY 2007 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$150M+5.3% YoY

Gross Profit

$50M33.6% margin

Operating Income

$12M8.0% margin

Net Income

$9M6.0% margin

EPS (Diluted)

$1.06

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$16M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.9B

Stockholders' Equity

$178M

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$150M	$143M	+5.3%
Gross Profit	$50M	$61M	-17.5%
Operating Income	$12M	$29M	-58.3%
Net Income	$9M	$20M	-54.8%