MBWM Q2 2020 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$48M+4.3% YoY

Gross Profit

$34M70.5% margin

Operating Income

$11M22.3% margin

Net Income

$9M18.1% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+8.2%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$4M

Stock-Based Comp.

$741,000

Balance Sheet

Total Assets

$4.3B

Total Liabilities

$3.9B

Stockholders' Equity

$425M

Cash & Equivalents

$471M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$46M	+4.3%
Gross Profit	$34M	$37M	-7.1%
Operating Income	$11M	$14M	-25.7%
Net Income	$9M	$12M	-25.8%