MBWM FY 2020 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

FY 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$193M+4.4% YoY

Gross Profit

$153M79.3% margin

Operating Income

$55M28.3% margin

Net Income

$44M22.8% margin

EPS (Diluted)

$2.71

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$29M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$4.0B

Stockholders' Equity

$442M

Cash & Equivalents

$626M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$193M	$185M	+4.4%
Gross Profit	$153M	$150M	+2.4%
Operating Income	$55M	$60M	-9.3%
Net Income	$44M	$49M	-10.8%