MBWM Q3 2019 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q3 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$47M+16.9% YoY

Gross Profit

$38M80.0% margin

Operating Income

$16M33.1% margin

Net Income

$13M26.8% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$2M

Stock-Based Comp.

$711,000

Balance Sheet

Total Assets

$3.7B

Total Liabilities

$3.3B

Stockholders' Equity

$407M

Cash & Equivalents

$229M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$40M	+16.9%
Gross Profit	$38M	$34M	+10.1%
Operating Income	$16M	$12M	+24.5%
Net Income	$13M	$10M	+24.5%