MBWM Q1 2017 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q1 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$35M-3.9% YoY

Gross Profit

$31M89.0% margin

Operating Income

$11M31.8% margin

Net Income

$8M22.0% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$7M

Stock-Based Comp.

$476,000

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$2.7B

Stockholders' Equity

$348M

Cash & Equivalents

$53M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$36M	-3.9%
Gross Profit	$31M	$32M	-5.0%
Operating Income	$11M	$13M	-12.1%
Net Income	$8M	$9M	-10.9%