Mercantile Bank Corporation (MBWM) — Financial ratios
Profitability, liquidity, leverage, and valuation ratios for Mercantile Bank Corporation, with annual and quarterly history.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| P/E Ratio | 8.81x | 9.02x | 7.87x | 8.70x | 9.49x | 10.01x |
| P/B Ratio | 1.08x | 1.23x | 1.24x | 1.20x | 1.23x | 1.00x |
| P/S Ratio | 2.10x | 1.98x | 2.13x | 2.48x | 2.82x | 2.28x |
| Profitability | ||||||
| Gross Margin | 64.0% | 61.9% | 71.8% | 85.9% | 92.4% | 79.3% |
| Operating Margin | 27.5% | 27.2% | 33.8% | 35.4% | 37.1% | 28.3% |
| Net Margin | 23.9% | 22.0% | 27.1% | 28.5% | 29.7% | 22.8% |
| EBITDA Margin | 28.6% | 30.1% | 37.6% | 41.5% | 44.0% | 33.2% |
| Liquidity | ||||||
| Current Ratio | 0.29x | 0.23x | 0.18x | 0.18x | 0.36x | 0.29x |
| Quick Ratio | 0.29x | 0.23x | 0.18x | 0.18x | 0.36x | 0.29x |
| Leverage | ||||||
| Debt/Equity | 1.14x | 1.11x | 1.60x | 1.45x | 1.52x | 1.27x |
YoY = year-over-year change. Source: FMP..