Mercantile Bank Corporation
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Mercantile Bank Corporation's yearly results (2022–2025), compared with Financial Services companies in United States. Tap ? on any ratio for what it means.
Cash quality
Profit Cash Ratio
—Not applicable for banks
Deposits and loans are a bank's raw material, so cash-flow and debt figures mean something different for banks.
Self-Funding Ratio
—Not applicable for banks
Deposits and loans are a bank's raw material, so cash-flow and debt figures mean something different for banks.
Cash Locked Ratio
—Not applicable for banks
Deposits and loans are a bank's raw material, so cash-flow and debt figures mean something different for banks.
Growth quality
Steadiness Ratio
3/3 · 2/3Sales grew in 3 of the last 3 years; profit grew in 2 of 3.
Steadier than 79% of Financial Services companies in United States.
Growth Efficiency Ratio
$53Sales grew 27% in 3 years; of every extra $100 of sales, $53 became extra profit.
Higher than 79% of Financial Services companies in United States.
Asset Productivity Ratio
+27% / +40%In 3 years sales changed by +27% while total assets changed by +40%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
—Not applicable for banks
Deposits and loans are a bank's raw material, so cash-flow and debt figures mean something different for banks.
Cash Cushion Ratio
—Not applicable for banks
Deposits and loans are a bank's raw material, so cash-flow and debt figures mean something different for banks.
Tangible Assets Ratio
99%Of every $100 the company owns, $99 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 63% of Financial Services companies in United States.
Tangible Net Worth Ratio
87%Of every $100 of net worth, $87 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 58% of Financial Services companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (11)
Mercantile Bank Corporation owes $0.89 for every $1 it owns. Net profit rose 12% in the year to Dec 2025, and grew 13% a year on average over 3 years.
Compared with Financial Services companies in United States · latest annual results Dec 2025.
P/E ratio
10.8Investors pay $10.8 for every $1 of Mercantile Bank Corporation's yearly profit, lower than 72% of Financial Services companies in United States.
P/B ratio
1.38The share price is 1.38 times Mercantile Bank Corporation's book value per share, higher than 59% of Financial Services companies in United States.
Market cap
$1.0 BThe total market value of all of Mercantile Bank Corporation's shares at today's price (share price × number of shares), larger than 57% of Financial Services companies in United States. PosiCap size class: Mini Cap.
Net worth (book value)
$755 MWhat Mercantile Bank Corporation would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$43.68Net worth divided by the number of shares. The share price of $60.42 is 1.4 times this, which is the P/B above.
Return on equity (ROE)
13.6%Mercantile Bank Corporation earned 13.6% on its shareholders' money over the last year, higher than 70% of Financial Services companies in United States.
Owes vs Owns
0.89×Mercantile Bank Corporation owes $0.89 for every $1 it owns (high), higher than 72% of Financial Services companies in United States. Banks and lenders usually show higher figures.
Dividend yield
2.73%Mercantile Bank Corporation pays 2.73% of its share price as dividends a year, lower than 52% of dividend-paying Financial Services companies in United States.
Revenue growth
+5%Revenue rose 5% in the year to Dec 2025, and grew 8% a year on average over 3 years.
Profit growth
+12%Net profit rose 12% in the year to Dec 2025, and grew 13% a year on average over 3 years.
Profit margin
36.6%Mercantile Bank Corporation keeps $37 of every $100 of revenue as net profit.
Questions
What is Mercantile Bank Corporation's P/E ratio?
Investors pay $10.8 for every $1 of Mercantile Bank Corporation's yearly profit, lower than 72% of Financial Services companies in United States.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Mercantile Bank Corporation: $1.0 B ÷ $755 M (30 Jun 2026) = 1.4.
What is Mercantile Bank Corporation's return on equity?
Mercantile Bank Corporation earned 13.6% on its shareholders' money over the last year, higher than 70% of Financial Services companies in United States.
How much does Mercantile Bank Corporation owe compared with what it owns?
Mercantile Bank Corporation owes $0.89 for every $1 it owns (high), higher than 72% of Financial Services companies in United States. Banks and lenders usually show higher figures.
Does Mercantile Bank Corporation pay a dividend?
Yes. Mercantile Bank Corporation pays 2.73% of its share price as dividends a year, lower than 52% of dividend-paying Financial Services companies in United States.
Is Mercantile Bank Corporation's revenue growing?
Revenue rose 5% in the year to Dec 2025, and grew 8% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.