MBWM FY 2008 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$842M

FY 2008 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$128M-14.5% YoY

Gross Profit

$32M25.2% margin

Operating Income

-$10M-7.7% margin

Net Income

-$5M-3.9% margin

EPS (Diluted)

$-0.59

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$13M

Stock-Based Comp.

$654,000

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$2.0B

Stockholders' Equity

$174M

Cash & Equivalents

$17M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$128M	$150M	-14.5%
Gross Profit	$32M	$50M	-35.9%
Operating Income	-$10M	$12M	-182.0%
Net Income	-$5M	$9M	-155.3%