MBWM FY 2017 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

FY 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$145M+3.6% YoY

Gross Profit

$126M87.0% margin

Operating Income

$46M31.9% margin

Net Income

$31M21.6% margin

EPS (Diluted)

$1.90

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$33M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$366M

Cash & Equivalents

$200M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$145M	$139M	+3.6%
Gross Profit	$126M	$124M	+1.4%
Operating Income	$46M	$47M	-1.7%
Net Income	$31M	$32M	-2.0%