Mercantile Bank Corporation (MBWM)

Mercantile Bank Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 9, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	801	718	647	531	549	441
Market Cap Growth	13.66%	10.98%	21.81%	-3.23%	24.46%	-25.97%
Last Close Price	49.43	43.75	38.37	30.50	30.76	22.99
PE Ratio	10.29	9.02	7.87	8.70	9.30	9.99
PS Ratio	3.59	3.21	2.97	2.89	2.97	2.88
PB Ratio	1.32	1.23	1.24	1.20	1.20	1.00
P/FCF Ratio	16.28	7.76	10.80	4.55	9.31	15.27
P/OCF Ratio	13.86	7.10	9.71	4.43	8.50	11.65
Debt / Equity Ratio	1.28	1.16	1.66	1.52	1.54	1.27
Debt / FCF Ratio	15.78	7.34	14.48	5.74	11.89	19.42
Return on Equity (ROE)	13.55%	14.38%	17.07%	13.60%	13.14%	10.29%
Return on Assets (ROA)	1.34%	1.40%	1.61%	1.21%	1.22%	1.09%
Earnings Yield	9.67%	11.08%	12.71%	11.49%	10.75%	10.01%
FCF Yield	6.14%	12.89%	9.26%	22.00%	10.74%	6.55%
Dividend Yield	3.00%	3.25%	3.49%	4.13%	3.84%	4.87%
Payout Ratio	30.42%	28.23%	25.55%	32.10%	31.39%	40.62%
Buyback Yield / Dilution	-0.65%	-0.72%	-0.98%	0.80%	1.73%	0.85%
Total Shareholder Return	2.35%	2.53%	2.51%	4.93%	5.57%	5.72%

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q