Mercantile Bank (FRA:MCS) ROE % Adjusted to Book Value : 14.32% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Mercantile Bank ROE % Adjusted to Book Value?

Mercantile Bank's ROE % for the quarter that ended in Mar. 2024 was 16.32%. Mercantile Bank's PB Ratio for the quarter that ended in Mar. 2024 was 1.14. Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 was 14.32%.

Mercantile Bank ROE % Adjusted to Book Value Historical Data

The historical data trend for Mercantile Bank's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mercantile Bank ROE % Adjusted to Book Value Chart

Mercantile Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE % Adjusted to Book Value

Get a 7-Day Free Trial

11.26

11.81

13.58

Mercantile Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															18.37	18.60	16.96	12.72	14.32

Competitive Comparison of Mercantile Bank's ROE % Adjusted to Book Value

For the Banks - Regional subindustry, Mercantile Bank's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mercantile Bank's ROE % Adjusted to Book Value Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mercantile Bank's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Mercantile Bank's ROE % Adjusted to Book Value falls into.

Mercantile Bank ROE % Adjusted to Book Value Calculation

Mercantile Bank's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	16.84%	/	1.24
	=	13.58%

Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	16.32%	/	1.14
	=	14.32%

Mercantile Bank ROE % Adjusted to Book Value Related Terms

Thank you for viewing the detailed overview of Mercantile Bank's ROE % Adjusted to Book Value provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercantile Bank (FRA:MCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (FRA:MCS) » Definitions » ROE % Adjusted to Book Value

Comparable Companies

Traded in Other Exchanges

MBWM:USA

Address

310 Leonard Street NW, Grand Rapids, MI, USA, 49504

Website

https://www.mercbank.com

Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.