MBWM Q4 2019 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$852M

Q4 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$47M+10.1% YoY

Gross Profit

$39M83.6% margin

Operating Income

$16M33.8% margin

Net Income

$13M28.4% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

-0.2%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$20M

Stock-Based Comp.

$732,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$417M

Cash & Equivalents

$234M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$47M	$43M	+10.1%
Gross Profit	$39M	$36M	+8.3%
Operating Income	$16M	$14M	+11.3%
Net Income	$13M	$12M	+15.1%