MBWM Q3 2018 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q3 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$40M+6.8% YoY

Gross Profit

$34M85.0% margin

Operating Income

$12M31.1% margin

Net Income

$10M25.2% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$12M

Stock-Based Comp.

$627,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$379M

Cash & Equivalents

$80M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$40M	$38M	+6.8%
Gross Profit	$34M	$32M	+5.9%
Operating Income	$12M	$12M	+3.8%
Net Income	$10M	$8M	+21.4%