MBWM Q2 2017 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q2 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$35M+2.1% YoY

Gross Profit

$30M87.2% margin

Operating Income

$11M30.3% margin

Net Income

$7M21.0% margin

EPS (Diluted)

$0.45

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$7M

Stock-Based Comp.

$459,000

Balance Sheet

Total Assets

$3.1B

Total Liabilities

$2.8B

Stockholders' Equity

$357M

Cash & Equivalents

$102M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$34M	+2.1%
Gross Profit	$30M	$30M	+1.4%
Operating Income	$11M	$11M	-2.5%
Net Income	$7M	$7M	-1.2%