Mercantile Bank Corp

NAS:MBWMFinancial ServicesCBOEFTSE:MRUTNASDAQ:BANK

$58.42−0.32%At closeAt close · Tue 20 Oct · ≈ AED 214.55 · Market cap $1.01B · Next earnings Tue 20 Oct

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	79.3%	92.4%	85.9%	71.8%	61.9%	64.0%	—	—
Operating margin	28.3%	37.1%	35.4%	33.8%	27.2%	27.5%	27.5%	+0.0 pts
Net margin	22.8%	29.7%	28.5%	27.1%	22.0%	23.9%	23.9%	+0.0 pts
EBITDA margin	33.2%	44.0%	41.5%	37.6%	30.1%	28.6%	—	—
Return on equity	10.0%	12.9%	13.8%	15.7%	13.6%	12.2%	12.2%	+0.0 pts
Return on assets	1.0%	1.1%	1.3%	1.5%	1.3%	1.3%	1.3%	+0.0 pts
Return on capital employed	6.2%	7.7%	8.5%	8.4%	8.0%	7.7%	—	—
Debt / equity	1.3×	1.5×	1.5×	1.6×	1.1×	1.1×	1.1×	+0.0%
Debt / assets	12.6%	13.2%	13.1%	15.6%	10.7%	12.1%	—	—
Interest coverage	2.1×	3.8×	3.2×	1.3×	0.8×	0.8×	—	—
Current ratio	0.3×	0.4×	0.2×	0.2×	0.2×	0.3×	0.3×	+0.0%
Quick ratio	0.3×	0.4×	0.2×	0.2×	0.2×	0.3×	—	—
Cash ratio	0.2×	0.2×	0.0×	0.0×	0.1×	0.1×	0.1×	+0.0%
Asset turnover	0.0×	0.0×	0.0×	0.1×	0.1×	0.1×	—	—
Dividend payout	40.6%	31.4%	32.1%	25.5%	28.2%	27.0%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.