Mercantile Bank Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	879	826	718	651	536	555
Market Cap Growth	18.25%	15.04%	10.32%	21.59%	-3.49%	24.34%
Enterprise Value	1,007	967.08	858	789.77	673.1	676.76
Last Close Price	50.91	48.10	44.49	40.38	33.48	35.03
PE Ratio	9.14	8.79	9.02	7.87	8.70	9.49
Forward PE	9.19	8.91	10.01	8.87	7.29	11.65
PEG Ratio	-	1.62	1.62	1.62	1.62	1.62
PS Ratio	3.48	3.45	3.21	2.99	2.91	3.01
PB Ratio	1.19	1.14	1.23	1.25	1.21	1.22
P/TBV Ratio	1.14	1.08	1.23	1.24	1.20	1.23
P/FCF Ratio	20.41	73.73	7.76	10.87	4.58	9.41
P/OCF Ratio	17.85	45.98	7.10	9.78	4.47	8.59
EV/Sales Ratio	3.99	4.04	3.83	3.62	3.66	3.67
EV/EBITDA Ratio	-	166.83	81.68	68.70	52.00	49.97
EV/FCF Ratio	23.38	86.28	9.27	13.18	5.76	11.48
Debt / Equity Ratio	0.19	0.19	0.24	0.27	0.31	0.27
Debt / EBITDA Ratio	24.82	24.27	13.29	12.06	10.63	9.00
Debt / FCF Ratio	3.25	12.55	1.51	2.31	1.18	2.07
Net Debt / Equity Ratio	0.19	0.19	0.24	0.27	0.31	0.27
Net Debt / EBITDA Ratio	24.82	24.27	13.29	12.06	10.63	9.00
Net Debt / FCF Ratio	3.25	12.55	1.51	2.31	1.18	2.07
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04
Return on Equity (ROE)	12.57%	13.56%	14.38%	17.07%	13.60%	13.14%
Earnings Yield	10.45%	11.37%	11.08%	12.70%	11.50%	10.53%
FCF Yield	4.90%	1.36%	12.89%	9.20%	21.82%	10.63%
Dividend Yield	2.95%	3.07%	3.13%	3.25%	3.69%	3.31%
Payout Ratio	27.65%	26.99%	28.23%	25.55%	32.10%	31.39%
Buyback Yield / Dilution	-2.15%	-0.67%	-0.72%	-0.98%	0.80%	1.73%
Total Shareholder Return	0.80%	2.40%	2.41%	2.27%	4.49%	5.04%

SEC Filings: 10-K · 10-Q