MBWM Q4 2021 Earnings — Mercantile Bank Corporation Revenue & Financial Results | Market Cap Arena

MBWMMercantile Bank Corporation

$872M

Q4 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$50M-4.4% YoY

Gross Profit

$49M97.8% margin

Operating Income

$15M30.6% margin

Net Income

$12M23.4% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$44M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.8B

Stockholders' Equity

$457M

Cash & Equivalents

$975M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$52M	-4.4%
Gross Profit	$49M	$44M	+11.2%
Operating Income	$15M	$18M	-14.2%
Net Income	$12M	$14M	-17.3%