MBWM Q3 2020 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$49M+4.1% YoY

Gross Profit

$40M81.0% margin

Operating Income

$13M27.0% margin

Net Income

$11M21.9% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$29M

Free Cash Flow

$26M

Stock-Based Comp.

$736,000

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$4.0B

Stockholders' Equity

$432M

Cash & Equivalents

$555M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$49M	$47M	+4.1%
Gross Profit	$40M	$38M	+5.4%
Operating Income	$13M	$16M	-15.2%
Net Income	$11M	$13M	-15.2%