MBWM Q3 2021 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$51M+5.2% YoY

Gross Profit

$45M87.0% margin

Operating Income

$19M36.1% margin

Net Income

$15M29.3% margin

EPS (Diluted)

$0.95

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$4M

Stock-Based Comp.

$448,000

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$4.5B

Stockholders' Equity

$452M

Cash & Equivalents

$825M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$49M	+5.2%
Gross Profit	$45M	$40M	+13.1%
Operating Income	$19M	$13M	+40.8%
Net Income	$15M	$11M	+40.8%