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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 | -- |
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Net profit margin | 34.80% |
Operating margin | 43.61% |
Return on assets | 1.43% |
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Return on equity | 15.00% |
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 | 5.64 |
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Price/Cash flow per share | 8.62 |
Book value per share | 36.14 |
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Tangible book value per share | 33.07 |
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Balance sheet in USDView more
Current ratio | -- |
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Quick ratio | -- |
Total debt/total equity | 0.6177 |
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Total debt/total capital | -- |
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Growth rates in USD
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Div yield(5 year avg) | 3.45% |
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Div growth rate (5 year) | 7.58% |
Payout ratio (TTM) | 27.64% |
EPS growth(5 years) | 15.20 |
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EPS (TTM) vs TTM 1 year ago | -5.53 |
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