MBWM FY 2009 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$842M

FY 2009 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$112M-12.4% YoY

Gross Profit

-$109,000-0.1% margin

Operating Income

-$47M-41.4% margin

Net Income

-$52M-46.3% margin

EPS (Diluted)

$-6.23

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$9M

Stock-Based Comp.

$611,000

Balance Sheet

Total Assets

$1.9B

Total Liabilities

$1.8B

Stockholders' Equity

$140M

Cash & Equivalents

$19M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$112M	$128M	-12.4%
Gross Profit	-$109,000	$32M	-100.3%
Operating Income	-$47M	-$10M	-373.8%
Net Income	-$52M	-$5M	-950.4%