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Mercantile Bank (FRA:MCS) Scaled Net Operating Assets : 0.05 (As of Jun. 2024)


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What is Mercantile Bank Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mercantile Bank's operating assets for the quarter that ended in Jun. 2024 was €4,419.1 Mil. Mercantile Bank's operating liabilities for the quarter that ended in Jun. 2024 was €4,166.6 Mil. Mercantile Bank's Total Assets for the quarter that ended in Mar. 2024 was €5,028.7 Mil. Therefore, Mercantile Bank's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2024 was 0.05.

Mercantile Bank Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mercantile Bank's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(4789.207-3873.916)/4599.752
=0.20

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4908.906 - 119.699
=4789.207

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4430.099 - 556.183 - 0
=3873.916

Mercantile Bank's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2024 )
=(Operating Assets (Q: Jun. 2024 )-Operating Liabilities (Q: Jun. 2024 ))/Total Assets (Q: Mar. 2024 )
=(4419.115-4166.587)/5028.677
=0.05

where

Operating Assets(Q: Jun. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5204.618 - 785.503
=4419.115

Operating Liabilities(Q: Jun. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4692.599 - 526.012 - 0
=4166.587

* 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 Scaled Net Operating Assets Related Terms

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Mercantile Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (FRA:MCS) » Definitions » Scaled Net Operating Assets
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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.