MBWM FY 2019 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

FY 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$185M+15.1% YoY

Gross Profit

$150M80.8% margin

Operating Income

$60M32.6% margin

Net Income

$49M26.7% margin

EPS (Diluted)

$3.01

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$31M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$417M

Cash & Equivalents

$234M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$161M	+15.1%
Gross Profit	$150M	$138M	+8.5%
Operating Income	$60M	$52M	+16.7%
Net Income	$49M	$42M	+17.7%