MBWM FY 2018 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

FY 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$161M+11.4% YoY

Gross Profit

$138M85.7% margin

Operating Income

$52M32.2% margin

Net Income

$42M26.1% margin

EPS (Diluted)

$2.53

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$55M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$375M

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$145M	+11.4%
Gross Profit	$138M	$126M	+9.7%
Operating Income	$52M	$46M	+12.5%
Net Income	$42M	$31M	+34.4%