Mercantile Bank Corporation (MBWM)

Mercantile Bank Ratios and Metrics

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

Year Ending	Current	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Market Capitalization	754	647	531	549	441	596
Market Cap Growth	26.82%	21.81%	-3.23%	24.46%	-25.97%	27.04%
Enterprise Value	1,350	1,353	1,075	267	375	866
PE Ratio	9.31	7.87	8.70	9.30	9.99	12.05
PS Ratio	3.51	2.97	2.89	2.97	2.88	3.98
PB Ratio	1.44	1.24	1.20	1.20	1.00	1.43
P/FCF Ratio	9.23	10.69	4.43	9.19	15.18	18.54
P/OCF Ratio	8.71	9.71	4.43	8.50	11.64	13.31
EV/Sales Ratio	6.13	6.21	5.85	1.45	2.45	5.78
EV/EBITDA Ratio	11.77	11.85	12.11	3.06	5.83	12.36
EV/EBIT Ratio	13.04	13.17	14.18	3.62	6.84	14.32
EV/FCF Ratio	16.13	22.35	8.97	4.47	12.91	26.93
Debt / Equity Ratio	1.52	1.60	1.45	1.52	1.27	1.21
Debt / EBITDA Ratio	7.10	7.32	7.21	7.93	8.71	7.19
Debt / FCF Ratio	9.73	13.82	5.34	11.61	19.27	15.67
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04
Return on Equity (ROE)	16.40%	16.90%	14.20%	13.10%	10.30%	12.30%
Return on Assets (ROA)	1.60%	1.60%	1.20%	1.20%	1.00%	1.40%
Return on Capital (ROIC)	6.13%	6.05%	5.65%	5.13%	4.41%	5.37%
Earnings Yield	10.71%	12.71%	11.50%	10.75%	10.01%	8.30%
FCF Yield	10.83%	9.35%	22.56%	10.88%	6.59%	5.39%
Dividend Yield	3.00%	3.30%	3.80%	3.40%	4.10%	2.90%
Payout Ratio	27.96%	26.10%	32.70%	32.00%	41.30%	35.20%
Buyback Yield / Dilution	-0.77%	-1.00%	-1.25%	3.47%	0.63%	1.56%
Total Shareholder Return	2.24%	2.30%	2.55%	6.87%	4.73%	4.46%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).