MBWM Q1 2020 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q1 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$44M-1.7% YoY

Gross Profit

$36M81.2% margin

Operating Income

$13M29.6% margin

Net Income

$11M24.0% margin

EPS (Diluted)

$0.65

QoQ Revenue Growth

-5.1%

Cash Flow

Operating Cash Flow

-$10M

Free Cash Flow

-$13M

Stock-Based Comp.

$625,000

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$3.2B

Stockholders' Equity

$418M

Cash & Equivalents

$237M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$45M	-1.7%
Gross Profit	$36M	$36M	-0.9%
Operating Income	$13M	$15M	-9.7%
Net Income	$11M	$12M	-9.7%