MBWM Q1 2018 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q1 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$39M+13.9% YoY

Gross Profit

$35M87.9% margin

Operating Income

$13M34.1% margin

Net Income

$11M27.6% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+5.2%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$12M

Stock-Based Comp.

$597,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$368M

Cash & Equivalents

$211M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$35M	+13.9%
Gross Profit	$35M	$31M	+12.4%
Operating Income	$13M	$11M	+22.3%
Net Income	$11M	$8M	+42.9%