MBWM Q1 2019 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q1 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$45M+15.0% YoY

Gross Profit

$36M80.5% margin

Operating Income

$15M32.2% margin

Net Income

$12M26.1% margin

EPS (Diluted)

$0.72

QoQ Revenue Growth

+6.4%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$287,000

Stock-Based Comp.

$744,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$384M

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$45M	$39M	+15.0%
Gross Profit	$36M	$35M	+5.3%
Operating Income	$15M	$13M	+8.7%
Net Income	$12M	$11M	+8.7%