Mercantile Bank (FRA:MCS) ROE % Adjusted to Book Value: 10.63% (As of Jun. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:MCS Mercantile Bank Corp FRA:MCS
67 GF Score
Price €51.00
GF Value €41.32
! 7 Warning Signs
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What is Mercantile Bank ROE % Adjusted to Book Value?

Mercantile Bank FRA:MCS 67 ROE % Adjusted to Book Value is 10.63% as of Jun. 2026. GuruFocus rates FRA:MCS with a GF Score™ of 67/100 and a GF Value™ of €41.32. The stock has 7 warning signs investors should review.

Mercantile Bank's ROE % for the quarter that ended in Jun. 2026 was 13.93%. Mercantile Bank's PB Ratio for the quarter that ended in Jun. 2026 was 1.31. Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 was 10.63%.


Mercantile Bank ROE % Adjusted to Book Value Related Terms


Mercantile Bank ROE % Adjusted to Book Value Historical Data

* Premium members only.

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.

Mercantile Bank ROE % Adjusted to Book Value Chart

Mercantile Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.26 11.81 13.58 13.33 11.40

Mercantile Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.18 13.29 11.71 10.68 10.63

FRA:MCS vs SBSI, BFST, FBAK: ROE % Adjusted to Book Value Comparison

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 ROE % Adjusted to Book Value vs 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.


FRA:MCS
67GF Score
Mercantile Bank Corp FRA:MCS
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Mercantile Bank ROE % Adjusted to Book Value Calculation

Mercantile Bank's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=12.88% / 1.13
=11.40%

Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=13.93% / 1.31
=10.63%

* 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.

What does a ROE % Adjusted to Book Value of 10.63% mean?
Mercantile Bank (FRA:MCS) has a ROE % Adjusted to Book Value of 10.63% as of Jun. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Mercantile Bank and its competitors.
Is Mercantile Bank's ROE % Adjusted to Book Value too high?
Mercantile Bank's current ROE % Adjusted to Book Value is 10.63%. Overall, Mercantile Bank has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Mercantile Bank's ROE % Adjusted to Book Value compare to SBSI and BFST?
Mercantile Bank's ROE % Adjusted to Book Value of 10.63% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Banks company?
A good ROE % Adjusted to Book Value depends on the Banks industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Mercantile Bank and its competitors. Mercantile Bank's current ROE % Adjusted to Book Value is 10.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercantile Bank stock overvalued right now?
Mercantile Bank (FRA:MCS) has a current ROE % Adjusted to Book Value of 10.63%. The stock's GF Value™ is €41.32, compared to a current price of €51.00 — trading 23.4% above its estimated fair value. The current ROE % Adjusted to Book Value is 10.63%. Mercantile Bank's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Mercantile Bank (FRA:MCS), the current ROE % Adjusted to Book Value is 10.63% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mercantile Bank (FRA:MCS) Overvalued in 2026?

Based on GuruFocus' analysis, Mercantile Bank stock appears to be overvalued. The current stock price of €51.00 is trading 23.4% above its estimated GF Value™ of €41.32.

Key valuation signals for FRA:MCS:

  • ROE % Adjusted to Book Value: 10.63%
  • GF Value™: €41.32 vs. price of €51.00 (23.4% above fair value)
  • GF Score™: 67/100 with 7 warning signs

No single metric tells the full story. See the FRA:MCS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercantile Bank Business Description

Other Exchanges MBWM:USA
Address 310 Leonard Street NW, Grand Rapids, MI, USA, 49504
Mercantile Bank Corp operates as a bank holding company. It offers various commercial banking services to individuals, businesses, governmental units, and other institutions. These services include deposit products such as checking, savings, and term certificate accounts and lending products such as commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.
67GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€51.00
Price
€41.32
GF Value