MBWM Q4 2020 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q4 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$52M+10.8% YoY

Gross Profit

$44M84.1% margin

Operating Income

$18M34.1% margin

Net Income

$14M27.1% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$20M

Stock-Based Comp.

$223,000

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$4.0B

Stockholders' Equity

$442M

Cash & Equivalents

$626M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$52M	$47M	+10.8%
Gross Profit	$44M	$39M	+11.5%
Operating Income	$18M	$16M	+12.0%
Net Income	$14M	$13M	+5.7%