MBWM Q4 2017 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q4 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$37M+9.0% YoY

Gross Profit

$32M86.4% margin

Operating Income

$12M33.3% margin

Net Income

$8M21.3% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$13M

Stock-Based Comp.

$550,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$2.9B

Stockholders' Equity

$366M

Cash & Equivalents

$200M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$34M	+9.0%
Gross Profit	$32M	$30M	+6.1%
Operating Income	$12M	$12M	+3.4%
Net Income	$8M	$8M	-1.3%