MBWM FY 2010 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$842M

FY 2010 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$97M-13.4% YoY

Gross Profit

$34M34.7% margin

Operating Income

-$13M-13.7% margin

Net Income

-$13M-13.7% margin

EPS (Diluted)

$-1.72

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$29M

Stock-Based Comp.

$275,000

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$1.5B

Stockholders' Equity

$126M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$97M	$112M	-13.4%
Gross Profit	$34M	-$109,000	+31102.8%
Operating Income	-$13M	-$47M	+71.3%
Net Income	-$13M	-$52M	+74.4%