MBWM Q1 2021 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$48M+8.5% YoY

Gross Profit

$43M88.5% margin

Operating Income

$18M36.4% margin

Net Income

$14M29.5% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

-7.1%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$3M

Stock-Based Comp.

$643,000

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$4.3B

Stockholders' Equity

$441M

Cash & Equivalents

$652M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$44M	+8.5%
Gross Profit	$43M	$36M	+18.2%
Operating Income	$18M	$13M	+33.4%
Net Income	$14M	$11M	+33.4%