MBWM Q4 2018 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q4 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$43M+13.8% YoY

Gross Profit

$36M85.0% margin

Operating Income

$14M33.4% margin

Net Income

$12M27.2% margin

EPS (Diluted)

$0.70

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$26M

Stock-Based Comp.

$647,000

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$375M

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$37M	+13.8%
Gross Profit	$36M	$32M	+12.0%
Operating Income	$14M	$12M	+14.2%
Net Income	$12M	$8M	+45.1%