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Year on year Mercantile Bank Corp grew revenues 41.88% from 213.92m to 303.50m while net income improved 34.64% from 61.06m to 82.22m.
| Gross margin | -- |
|---|---|
| Net profit margin | 35.30% |
| Operating margin | 44.19% |
| Return on assets | 1.51% |
|---|---|
| Return on equity | 15.78% |
| Return on investment | -- |
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Cash flow in USDView more
In 2023, Mercantile Bank Corp increased its cash reserves by 34.89%, or 33.76m. Cash Flow from Financing totalled 363.08m or 119.63% of revenues. In addition the company generated 66.61m in cash from operations while cash used for investing totalled 395.93m.
| Cash flow per share | 5.74 |
|---|---|
| Price/Cash flow per share | 8.15 |
| Book value per share | 34.15 |
|---|---|
| Tangible book value per share | 31.09 |
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Balance sheet in USDView more
| Current ratio | -- |
|---|---|
| Quick ratio | -- |
| Total debt/total equity | 0.655 |
|---|---|
| Total debt/total capital | -- |
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Growth rates in USD
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 6.35% and 33.33%, respectively. Additionally when measured on a five year annualized basis, dividend per share growth is in-line with the industry average relative to its peers, while earnings per share growth is above the industry average.
| Div yield(5 year avg) | 3.50% |
|---|---|
| Div growth rate (5 year) | 7.58% |
| Payout ratio (TTM) | 26.76% |
| EPS growth(5 years) | 15.20 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 1.75 |
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