MBWM Q2 2021 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$49M+2.3% YoY

Gross Profit

$47M96.3% margin

Operating Income

$22M45.3% margin

Net Income

$18M36.7% margin

EPS (Diluted)

$1.12

QoQ Revenue Growth

+2.1%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$22M

Stock-Based Comp.

$634,000

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$4.3B

Stockholders' Equity

$452M

Cash & Equivalents

$760M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49M	$48M	+2.3%
Gross Profit	$47M	$34M	+39.8%
Operating Income	$22M	$11M	+108.0%
Net Income	$18M	$9M	+108.0%