MBWM FY 2022 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

FY 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$214M+7.7% YoY

Gross Profit

$184M85.9% margin

Operating Income

$76M35.4% margin

Net Income

$61M28.5% margin

EPS (Diluted)

$3.85

Cash Flow

Operating Cash Flow

$120M

Free Cash Flow

$117M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$4.4B

Stockholders' Equity

$441M

Cash & Equivalents

$97M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$214M	$199M	+7.7%
Gross Profit	$184M	$184M	+0.1%
Operating Income	$76M	$74M	+2.8%
Net Income	$61M	$59M	+3.5%