MBWM FY 2011 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$842M

FY 2011 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$78M-19.5% YoY

Gross Profit

$52M65.9% margin

Operating Income

$10M12.9% margin

Net Income

$37M47.8% margin

EPS (Diluted)

$4.07

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$22M

Stock-Based Comp.

$61,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.3B

Stockholders' Equity

$165M

Cash & Equivalents

$22M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$78M	$97M	-19.5%
Gross Profit	$52M	$34M	+52.8%
Operating Income	$10M	-$13M	+175.8%
Net Income	$37M	-$13M	+381.5%