Mercantile Bank Past Performance
How has Mercantile Bank performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MBWM has high quality earnings.
Growing Profit Margin: MBWM's current net profit margins (28.6%) are lower than last year (32.7%).
Past Earnings Growth Analysis
Earnings Trend: MBWM's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: MBWM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MBWM had negative earnings growth (-12.6%) over the past year, making it difficult to compare to the Banks industry average (8.4%).
Return on Equity
High ROE: MBWM's Return on Equity (11.6%) is considered low.