MBWM Q3 2017 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q3 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$38M+7.6% YoY

Gross Profit

$32M85.7% margin

Operating Income

$12M32.0% margin

Net Income

$8M22.1% margin

EPS (Diluted)

$0.51

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$7M

Stock-Based Comp.

$496,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$363M

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$38M	$35M	+7.6%
Gross Profit	$32M	$31M	+3.6%
Operating Income	$12M	$11M	+5.0%
Net Income	$8M	$8M	+6.3%