Mercantile Historical Financial Ratios

MBWM Stock

USD 50.05 0.48 0.95%

Mercantile Bank is lately reporting on over 110 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 24.4 K will help investors to properly organize and evaluate Mercantile Bank financial condition quickly.

Quick Ratio Current Ratio

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

About Mercantile Financial Ratios Analysis

Mercantile BankFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Mercantile Bank investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Mercantile financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Mercantile Bank history.

Mercantile Bank Financial Ratios Chart

At this time, Mercantile Bank's EV To Sales is very stable compared to the past year. As of the 29th of November 2024, Free Cash Flow Per Share is likely to grow to 3.93, while Free Cash Flow Yield is likely to drop 0.07.

Price To Sales Ratio Dividend Yield Ptb Ratio Days Sales Outstanding Company Equity Multiplier

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Price To Sales Ratio

Price to Sales Ratio is figured by comparing Mercantile Bank stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Mercantile Bank sales, a figure that is much harder to manipulate than other Mercantile Bank multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Dividend Yield

Dividend Yield is Mercantile Bank dividend as a percentage of Mercantile Bank stock price. Mercantile Bank dividend yield is a measure of Mercantile Bank stock productivity, which can be interpreted as interest rate earned on an Mercantile Bank investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most ratios from Mercantile Bank's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Mercantile Bank current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mercantile Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.At this time, Mercantile Bank's EV To Sales is very stable compared to the past year. As of the 29th of November 2024, Free Cash Flow Per Share is likely to grow to 3.93, while Free Cash Flow Yield is likely to drop 0.07.

	2021	2022	2023	2024 (projected)
Dividend Yield	0.0331	0.0369	0.0325	0.0232
Price To Sales Ratio	3.12	2.79	2.97	4.06

Dividend Yield Price To Sales Ratio

Mercantile Bank fundamentals Correlations

	Price To Sales Ratio	Dividend Yield	Ptb Ratio	Days Sales Outstanding	Book Value Per Share	Free Cash Flow Yield	Operating Cash Flow Per Share	Capex To Depreciation	Pb Ratio	Ev To Sales	Free Cash Flow Per Share	Roic	Net Income Per Share	Capex To Revenue	Cash Per Share	Pocfratio	Interest Coverage	Payout Ratio	Capex To Operating Cash Flow	Pfcf Ratio	Income Quality	Roe	Ev To Operating Cash Flow	Pe Ratio	Return On Tangible Assets	Ev To Free Cash Flow
Price To Sales Ratio		-0.39	0.47	-0.94	-0.56	-0.64	-0.47	0.89	0.47	0.92	-0.49	-0.05	-0.58	0.93	-0.33	0.97	-0.28	-0.2	0.94	-0.84	-0.65	-0.77	0.97	-0.79	-0.78	-0.84
Dividend Yield	-0.39		-0.21	0.42	0.41	-0.02	0.11	-0.36	-0.21	-0.42	0.1	-0.34	0.08	-0.36	0.38	-0.32	0.3	0.92	-0.38	0.53	0.24	0.05	-0.39	0.46	0.07	0.44
Ptb Ratio	0.47	-0.21		-0.18	0.01	-0.57	0.01	0.23	1.0	0.41	-0.02	-0.57	-0.2	0.24	0.1	0.26	0.34	-0.02	0.19	-0.05	0.05	-0.37	0.28	0.06	-0.39	-0.03
Days Sales Outstanding	-0.94	0.42	-0.18		0.56	0.47	0.43	-0.93	-0.18	-0.9	0.44	-0.16	0.47	-0.96	0.37	-0.97	0.5	0.33	-0.99	0.95	0.75	0.66	-0.98	0.94	0.68	0.95
Book Value Per Share	-0.56	0.41	0.01	0.56		0.12	0.64	-0.46	0.01	-0.53	0.59	-0.27	0.83	-0.53	0.73	-0.6	0.04	0.21	-0.58	0.59	0.27	0.61	-0.57	0.5	0.5	0.64
Free Cash Flow Yield	-0.64	-0.02	-0.57	0.47	0.12		0.6	-0.55	-0.57	-0.46	0.66	0.56	0.5	-0.55	-0.11	-0.61	0.13	-0.26	-0.52	0.21	0.51	0.74	-0.55	0.21	0.74	0.28
Operating Cash Flow Per Share	-0.47	0.11	0.01	0.43	0.64	0.6		-0.44	0.01	-0.31	0.99	-0.08	0.71	-0.46	0.39	-0.57	0.25	-0.15	-0.48	0.27	0.62	0.61	-0.49	0.28	0.49	0.37
Capex To Depreciation	0.89	-0.36	0.23	-0.93	-0.46	-0.55	-0.44		0.23	0.85	-0.49	0.06	-0.43	0.99	-0.28	0.92	-0.58	-0.29	0.96	-0.84	-0.76	-0.63	0.92	-0.88	-0.64	-0.85
Pb Ratio	0.47	-0.21	1.0	-0.18	0.01	-0.57	0.01	0.23		0.41	-0.02	-0.57	-0.2	0.24	0.1	0.26	0.34	-0.02	0.19	-0.05	0.05	-0.37	0.28	0.06	-0.39	-0.03
Ev To Sales	0.92	-0.42	0.41	-0.9	-0.53	-0.46	-0.31	0.85	0.41		-0.33	0.07	-0.45	0.88	-0.54	0.88	-0.38	-0.29	0.88	-0.85	-0.56	-0.62	0.94	-0.8	-0.61	-0.77
Free Cash Flow Per Share	-0.49	0.1	-0.02	0.44	0.59	0.66	0.99	-0.49	-0.02	-0.33		-0.04	0.68	-0.5	0.35	-0.58	0.31	-0.15	-0.51	0.26	0.66	0.61	-0.5	0.3	0.5	0.36
Roic	-0.05	-0.34	-0.57	-0.16	-0.27	0.56	-0.08	0.06	-0.57	0.07	-0.04		0.24	0.07	-0.51	0.05	-0.43	-0.43	0.11	-0.31	-0.36	0.44	0.11	-0.37	0.5	-0.23
Net Income Per Share	-0.58	0.08	-0.2	0.47	0.83	0.5	0.71	-0.43	-0.2	-0.45	0.68	0.24		-0.5	0.42	-0.62	-0.18	-0.2	-0.54	0.39	0.18	0.89	-0.52	0.29	0.81	0.5
Capex To Revenue	0.93	-0.36	0.24	-0.96	-0.53	-0.55	-0.46	0.99	0.24	0.88	-0.5	0.07	-0.5		-0.31	0.96	-0.51	-0.27	0.99	-0.88	-0.75	-0.69	0.96	-0.9	-0.69	-0.9
Cash Per Share	-0.33	0.38	0.1	0.37	0.73	-0.11	0.39	-0.28	0.1	-0.54	0.35	-0.51	0.42	-0.31		-0.35	0.24	0.25	-0.35	0.42	0.2	0.2	-0.43	0.36	0.07	0.32
Pocfratio	0.97	-0.32	0.26	-0.97	-0.6	-0.61	-0.57	0.92	0.26	0.88	-0.58	0.05	-0.62	0.96	-0.35		-0.39	-0.16	0.98	-0.86	-0.75	-0.79	0.98	-0.85	-0.78	-0.9
Interest Coverage	-0.28	0.3	0.34	0.5	0.04	0.13	0.25	-0.58	0.34	-0.38	0.31	-0.43	-0.18	-0.51	0.24	-0.39		0.4	-0.48	0.47	0.72	-0.04	-0.46	0.63	-0.04	0.39
Payout Ratio	-0.2	0.92	-0.02	0.33	0.21	-0.26	-0.15	-0.29	-0.02	-0.29	-0.15	-0.43	-0.2	-0.27	0.25	-0.16	0.4		-0.27	0.49	0.17	-0.2	-0.25	0.47	-0.16	0.39
Capex To Operating Cash Flow	0.94	-0.38	0.19	-0.99	-0.58	-0.52	-0.48	0.96	0.19	0.88	-0.51	0.11	-0.54	0.99	-0.35	0.98	-0.48	-0.27		-0.92	-0.76	-0.71	0.98	-0.92	-0.72	-0.94
Pfcf Ratio	-0.84	0.53	-0.05	0.95	0.59	0.21	0.27	-0.84	-0.05	-0.85	0.26	-0.31	0.39	-0.88	0.42	-0.86	0.47	0.49	-0.92		0.62	0.51	-0.9	0.97	0.54	0.97
Income Quality	-0.65	0.24	0.05	0.75	0.27	0.51	0.62	-0.76	0.05	-0.56	0.66	-0.36	0.18	-0.75	0.2	-0.75	0.72	0.17	-0.76	0.62		0.34	-0.75	0.73	0.32	0.63
Roe	-0.77	0.05	-0.37	0.66	0.61	0.74	0.61	-0.63	-0.37	-0.62	0.61	0.44	0.89	-0.69	0.2	-0.79	-0.04	-0.2	-0.71	0.51	0.34		-0.71	0.44	0.98	0.62
Ev To Operating Cash Flow	0.97	-0.39	0.28	-0.98	-0.57	-0.55	-0.49	0.92	0.28	0.94	-0.5	0.11	-0.52	0.96	-0.43	0.98	-0.46	-0.25	0.98	-0.9	-0.75	-0.71		-0.88	-0.71	-0.89
Pe Ratio	-0.79	0.46	0.06	0.94	0.5	0.21	0.28	-0.88	0.06	-0.8	0.3	-0.37	0.29	-0.9	0.36	-0.85	0.63	0.47	-0.92	0.97	0.73	0.44	-0.88		0.47	0.95
Return On Tangible Assets	-0.78	0.07	-0.39	0.68	0.5	0.74	0.49	-0.64	-0.39	-0.61	0.5	0.5	0.81	-0.69	0.07	-0.78	-0.04	-0.16	-0.72	0.54	0.32	0.98	-0.71	0.47		0.65
Ev To Free Cash Flow	-0.84	0.44	-0.03	0.95	0.64	0.28	0.37	-0.85	-0.03	-0.77	0.36	-0.23	0.5	-0.9	0.32	-0.9	0.39	0.39	-0.94	0.97	0.63	0.62	-0.89	0.95	0.65

Click cells to compare fundamentals

Mercantile Bank Account Relationship Matchups

Mercantile Bank fundamentals Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Price To Sales Ratio	3.95	2.64	3.12	2.79	2.97	4.06
Dividend Yield	0.0286	0.0406	0.0331	0.0369	0.0325	0.0232
Ptb Ratio	1.25	1.44	1.0	1.2	1.24	1.32
Book Value Per Share	25.39	27.14	28.56	27.83	32.6	34.23
Free Cash Flow Yield	0.0523	0.0654	0.11	0.22	0.0927	0.0738
Operating Cash Flow Per Share	2.73	2.33	4.04	7.56	4.16	4.37
Stock Based Compensation To Revenue	0.0193	0.0139	0.0211	0.0177	0.0155	0.00912
Capex To Depreciation	1.41	0.95	0.41	0.23	0.58	0.55
Pb Ratio	1.25	1.44	1.0	1.2	1.24	1.32
Ev To Sales	5.05	1.54	0.45	4.62	5.15	5.37
Roic	0.0605	0.05	0.062	0.0902	0.0792	0.15
Net Income Per Share	3.01	2.71	3.69	3.85	5.13	5.39
Capex To Revenue	0.089	0.0537	0.0313	0.0159	0.0307	0.0291
Cash Per Share	34.65	62.29	98.07	44.12	46.68	49.01
Pocfratio	13.36	11.67	8.67	4.43	9.71	9.22
Interest Coverage	1.79	2.1	3.79	4.21	1.32	1.69
Capex To Operating Cash Flow	0.1	0.3	0.24	0.0868	0.0252	0.0954
Pfcf Ratio	19.13	15.3	9.5	4.54	10.79	7.49
Income Quality	0.91	0.86	1.09	1.96	0.81	0.73
Roe	0.12	0.1	0.13	0.14	0.16	0.17
Ev To Operating Cash Flow	17.1	6.8	1.25	7.34	16.85	22.23
Pe Ratio	12.1	10.01	9.49	8.7	7.87	7.95
Return On Tangible Assets	0.0127	0.0138	0.0101	0.0113	0.0155	0.0163
Ev To Free Cash Flow	24.47	8.92	1.37	7.53	18.73	19.67
Earnings Yield	0.0537	0.0896	0.0827	0.0999	0.11	0.13
Intangibles To Total Assets	0.0147	0.0117	0.009666	0.0103	0.009242	0.0167
Net Debt To E B I T D A	2.39	(2.87)	(5.48)	3.93	4.17	4.38
Current Ratio	25.36	41.69	63.62	8.95	0.0671	0.0637
Tangible Book Value Per Share	22.14	23.95	25.38	24.68	29.51	30.99
Graham Number	41.5	40.7	48.71	49.1	61.37	64.43
Shareholders Equity Per Share	25.39	27.14	28.56	27.83	32.6	34.23
Debt To Equity	0.96	1.0	1.09	1.01	0.99	0.69
Capex Per Share	0.38	0.82	0.55	0.19	0.42	0.43
Graham Net Net	(161.41)	(183.32)	(202.25)	(235.28)	(254.97)	(267.71)
Revenue Per Share	9.23	10.29	11.21	12.0	13.61	14.29

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When determining whether Mercantile Bank is a strong investment it is important to analyze Mercantile Bank's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Mercantile Bank's future performance. For an informed investment choice regarding Mercantile Stock, refer to the following important reports:

How To Invest In Mercantile

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Is Mercantile Stock a good investment?

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What is Mercantile Bank's Net Worth?

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Largest Banks - Regional Companies

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Largest Financial Services Companies

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To learn how to invest in Mercantile Stock, please use our How to Invest in Mercantile Bank guide.

You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mercantile Bank. If investors know Mercantile will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mercantile Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.07)

Dividend Share

1.4

Earnings Share

4.96

Revenue Per Share

13.795

Quarterly Revenue Growth

0.036

The market value of Mercantile Bank is measured differently than its book value, which is the value of Mercantile that is recorded on the company's balance sheet. Investors also form their own opinion of Mercantile Bank's value that differs from its market value or its book value, called intrinsic value, which is Mercantile Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mercantile Bank's market value can be influenced by many factors that don't directly affect Mercantile Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Mercantile Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mercantile Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mercantile Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Price To Sales Ratio	Dividend Yield
Ptb Ratio	Days Sales Outstanding
Book Value Per Share	Free Cash Flow Yield
Invested Capital	Operating Cash Flow Per Share
Average Payables	Stock Based Compensation To Revenue
Capex To Depreciation	Pb Ratio
Ev To Sales	Free Cash Flow Per Share
Roic	Inventory Turnover
Net Income Per Share	Days Of Inventory On Hand
Payables Turnover	Sales General And Administrative To Revenue
Average Inventory	Research And Ddevelopement To Revenue
Capex To Revenue	Cash Per Share
Pocfratio	Interest Coverage
Payout Ratio	Capex To Operating Cash Flow
Pfcf Ratio	Days Payables Outstanding
Net Current Asset Value	Income Quality
Roe	Tangible Asset Value
Ev To Operating Cash Flow	Pe Ratio
Return On Tangible Assets	Ev To Free Cash Flow
Earnings Yield	Intangibles To Total Assets
Net Debt To E B I T D A	Current Ratio
Tangible Book Value Per Share	Receivables Turnover
Graham Number	Shareholders Equity Per Share
Debt To Equity	Capex Per Share
Graham Net Net	Average Receivables
Revenue Per Share	Interest Debt Per Share
Debt To Assets	Enterprise Value Over E B I T D A
Short Term Coverage Ratios	Price Earnings Ratio
Price Book Value Ratio	Price Earnings To Growth Ratio
Days Of Payables Outstanding	Dividend Payout Ratio
Price To Operating Cash Flows Ratio	Price To Free Cash Flows Ratio
Pretax Profit Margin	Ebt Per Ebit
Operating Profit Margin	Effective Tax Rate
Company Equity Multiplier	Long Term Debt To Capitalization
Total Debt To Capitalization	Return On Capital Employed
Debt Equity Ratio	Ebit Per Revenue
Quick Ratio	Dividend Paid And Capex Coverage Ratio
Net Income Per E B T	Cash Ratio
Operating Cash Flow Sales Ratio	Days Of Inventory Outstanding
Days Of Sales Outstanding	Free Cash Flow Operating Cash Flow Ratio
Cash Flow Coverage Ratios	Price To Book Ratio
Fixed Asset Turnover	Capital Expenditure Coverage Ratio
Price Cash Flow Ratio	Enterprise Value Multiple
Debt Ratio	Cash Flow To Debt Ratio
Price Sales Ratio	Return On Assets
Asset Turnover	Net Profit Margin
Gross Profit Margin	Price Fair Value
Return On Equity

Mercantile Historical Financial Ratios

About Mercantile Financial Ratios Analysis

Mercantile Bank Financial Ratios Chart

Price To Sales Ratio

Dividend Yield

Ptb Ratio

Mercantile Bank fundamentals Correlations

Mercantile Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Mercantile Bank fundamentals Accounts

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Pb Ratio	+ 1.0	Ptb Ratio
Free Cash Flow Per Share	+ 0.99	Operating Cash Flow Per Share
Capex To Revenue	+ 0.99	Capex To Depreciation
Capex To Operating Cash Flow	+ 0.99	Capex To Revenue
Capex To Operating Cash Flow	+ 0.98	Pocfratio
Ev To Operating Cash Flow	+ 0.98	Pocfratio

Capex To Operating Cash Flow	- 0.99	Days Sales Outstanding
Ev To Operating Cash Flow	- 0.98	Days Sales Outstanding
Pocfratio	- 0.97	Days Sales Outstanding
Capex To Revenue	- 0.96	Days Sales Outstanding
Ev To Free Cash Flow	- 0.94	Capex To Operating Cash Flow
Days Sales Outstanding	- 0.94	Price To Sales Ratio