MBWM FY 2012 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$863M

FY 2012 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$68M-13.3% YoY

Gross Profit

$58M85.1% margin

Operating Income

$18M26.8% margin

Net Income

$13M18.5% margin

EPS (Diluted)

$1.30

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$16M

Stock-Based Comp.

$54,000

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$1.3B

Stockholders' Equity

$147M

Cash & Equivalents

$31M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$68M	$78M	-13.3%
Gross Profit	$58M	$52M	+12.0%
Operating Income	$18M	$10M	+79.5%
Net Income	$13M	$37M	-66.6%