MBWM Q2 2022 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$47M-4.0% YoY

Gross Profit

$42M87.9% margin

Operating Income

$15M30.9% margin

Net Income

$12M24.8% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

+4.7%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$22M

Stock-Based Comp.

$797,000

Balance Sheet

Total Assets

$5.1B

Total Liabilities

$4.6B

Stockholders' Equity

$429M

Cash & Equivalents

$479M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$49M	-4.0%
Gross Profit	$42M	$47M	-12.4%
Operating Income	$15M	$22M	-34.5%
Net Income	$12M	$18M	-35.1%

Revenue Segments

Credit and Debit Card

$2M50%

Service Charges on Deposit and Sweep Accounts

$1M35%

Payroll Processing

$464,00011%

Customer Service

$202,0005%