MBWM FY 2021 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

FY 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$199M+2.7% YoY

Gross Profit

$184M92.4% margin

Operating Income

$74M37.1% margin

Net Income

$59M29.7% margin

EPS (Diluted)

$3.69

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

$59M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.8B

Stockholders' Equity

$457M

Cash & Equivalents

$975M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$199M	$193M	+2.7%
Gross Profit	$184M	$153M	+19.7%
Operating Income	$74M	$55M	+34.4%
Net Income	$59M	$44M	+33.7%