Financial Statements

Mercantile Bank Corporation (MBWM)


+0.74 (+2.14%)
Income Statement
Balance Sheet
Cash Flow

Income Statement

All numbers are in thousands

Retained Earning Schedule

Year 2021 2020 2019 2018 2017
Retained Earnings (Previous Year) 1341087561-
Net Income 5944494231
Stock Dividends ----042
Dividend Paid -19-18-17-28-12
Retained Earnings 1751341087561

PPE Schedule

Year 2021 2020 2019 2018 2017
Gross PPE 59574846-
Annual Depreciation 41122951
Capital Expenditure -6-9-13-6-5
Net PPE 5759574846

Intangible and Goodwill Schedule

Year 2021 2020 2019 2018 2017
Intangible and Goodwill (Previous Year) -49494949
New Purchases -67-49-62-370-299
Intangible and Goodwill 4949494949

Mercantile Bank Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Mercantile Bank Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.