MERCANTILE BANKSHARES CORP (MRBK) [Rocket]

Overview

MERCANTILE BANKSHARES CORP (MRBK)

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Recent News + Filings (All items)

Date Filed	Type	Description
04/27/2020	GN	Meridian Corporation Reports Net Income of $2.5 Million, or $0.39 Per Diluted Share, in 1Q 2020
01/27/2020	GN	Meridian Corporation's Fourth Quarter 2019 Earnings Increase 33% Year-Over-Year to $3.1 Million, or $0.49 Per Diluted Share
12/18/2019	GN	Meridian Corporation Announces Completion of $40 Million Subordinated Notes Offering
10/24/2019	GN	Meridian Corporation's Third Quarter 2019 Earnings Increase 22% Year-Over-Year to $3.3 Million, or $0.52 Per Diluted Share
11/30/2017	GN	Meridian Bank (Nasdaq: MRBK) to Ring The Nasdaq Stock Market Closing Bell
03/23/2007	4	KELLY EDWARD J III (Chairman, President and CEO) has filed a Form 4 on MERCANTILE BANKSHARES CORP
03/23/2007	4	PAESE MICHAEL M (Executive Officer) has filed a Form 4 on MERCANTILE BANKSHARES CORP

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03	Dec-31-02	Dec-31-01	Dec-31-00	Dec-31-99
Revenues	910.5	858.7	752.5	580.2	2,110.4	550.3	517.7	479.0
Revenue growth	6.0%	14.1%	29.7%	-72.5%	283.5%	6.3%	8.1%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0	152.9	140.4	134.7
Gross profit	910.5	858.7	752.5	580.2	2,110.4	397.4	377.3	344.4
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	72.2%	72.9%	71.9%
Selling, general and administrative				0.0	165.4	9.1	5.2	3.8
Sales and marketing	11.7	9.1	8.4	0.0
General and administrative	261.9	246.4	232.3	0.0
EBITA	576.8	545.2	466.6	4.9	1,893.5	335.9	314.0	285.4
EBITA margin	63.3%	63.5%	62.0%	0.9%	89.7%	61.0%	60.7%	59.6%
Amortization of intangibles	9.9	8.8	8.1	4.9	2.0	11.2	5.2	3.8
EBIT	566.9	536.4	458.5	0.0	1,891.6	324.8	308.8	281.6
EBIT margin	62.3%	62.5%	60.9%	0.0%	89.6%	59.0%	59.6%	58.8%
Pre-tax income	453.1	437.8	360.5	297.3	296.6	286.3	274.2	248.6
Income taxes	164.8	161.5	131.1	104.8	106.3	105.0	99.0	90.9
Tax rate	36.4%	36.9%	36.4%	35.3%	35.9%	36.7%	36.1%	36.6%
Net income	288.3	276.3	229.4	192.5	190.2	181.3	175.2	157.7
Net margin	31.7%	32.2%	30.5%	33.2%	9.0%	32.9%	33.8%	32.9%

Diluted EPS	$2.30	$2.26	$1.92		$2.72
Shares outstanding (diluted)	125.3	122.3	119.5		69.9

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.