MBWM Q2 2019 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q2 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$46M+18.7% YoY

Gross Profit

$37M79.2% margin

Operating Income

$14M31.3% margin

Net Income

$12M25.4% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

+2.0%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$9M

Stock-Based Comp.

$744,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$400M

Cash & Equivalents

$150M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$46M	$39M	+18.7%
Gross Profit	$37M	$33M	+10.5%
Operating Income	$14M	$12M	+24.0%
Net Income	$12M	$9M	+24.0%