MBWM Q2 2018 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q2 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$39M+11.2% YoY

Gross Profit

$33M85.1% margin

Operating Income

$12M30.0% margin

Net Income

$9M24.3% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

-1.3%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

$7M

Stock-Based Comp.

$539,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$375M

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$35M	+11.2%
Gross Profit	$33M	$30M	+8.5%
Operating Income	$12M	$11M	+10.0%
Net Income	$9M	$7M	+28.6%