MBWM FY 2015 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

FY 2015 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$128M+29.5% YoY

Gross Profit

$118M92.1% margin

Operating Income

$39M30.3% margin

Net Income

$27M21.0% margin

EPS (Diluted)

$1.62

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$35M

Stock-Based Comp.

$684,000

Balance Sheet

Total Assets

$2.9B

Total Liabilities

$2.6B

Stockholders' Equity

$334M

Cash & Equivalents

$89M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$128M	$99M	+29.5%
Gross Profit	$118M	$91M	+30.2%
Operating Income	$39M	$25M	+54.1%
Net Income	$27M	$17M	+55.9%