Mercantile Bank Financial Ratios
NASDAQ: MBWMFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Mercantile Bank ratio analysis
Mercantile Bank earned a net margin of 36.6% in FY 2025, up from 34.4% a year earlier. Return on equity reached 12.2%, meaning Mercantile Bank generated 0.12 dollars of profit for every dollar of shareholders' equity. At the end of FY 2025, MBWM traded at 8.7 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 7.9 to 19.2, with a median of 9.8.
Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Mercantile Bank financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 8.70 | 8.96 | 7.87 | 8.70 | 9.49 | 10.03 | 11.96 | 11.83 | 18.62 | 19.23 |
| Price / sales | 3.19 | 3.08 | 2.87 | 2.79 | 3.11 | 2.64 | 3.90 | 3.57 | 4.53 | 4.84 |
| Price / book | 1.07 | 1.22 | 1.24 | 1.20 | 1.23 | 1.00 | 1.42 | 1.32 | 1.59 | 1.80 |
| Net margin | 36.6% | 34.4% | 36.4% | 32.1% | 32.7% | 26.4% | 32.6% | 30.2% | 24.3% | 25.1% |
| Free cash flow margin | 7.4% | 43.7% | 29.5% | 63.0% | 35.8% | 22.6% | 29.6% | 44.4% | 30.0% | 27.3% |
| Return on equity (ROE) | 12.2% | 13.6% | 15.7% | 13.8% | 12.9% | 10.0% | 11.9% | 11.2% | 8.5% | 9.4% |
| Return on assets (ROA) | 1.3% | 1.3% | 1.5% | 1.3% | 1.1% | 1.0% | 1.4% | 1.2% | 1.0% | 1.0% |
| Revenue growth | 4.8% | 2.6% | 18.6% | 5.6% | 7.7% | 10.5% | 8.9% | 8.0% | 1.5% | 8.3% |
| EPS growth | 11.0% | -3.9% | 33.2% | 4.3% | 36.2% | -10.0% | 19.0% | 33.2% | -3.1% | 21.0% |