MBWM FY 2016 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

FY 2016 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$139M+8.7% YoY

Gross Profit

$124M88.9% margin

Operating Income

$47M33.6% margin

Net Income

$32M22.9% margin

EPS (Diluted)

$1.96

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$33M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.7B

Stockholders' Equity

$341M

Cash & Equivalents

$184M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$139M	$128M	+8.7%
Gross Profit	$124M	$118M	+4.9%
Operating Income	$47M	$39M	+20.7%
Net Income	$32M	$27M	+18.1%