Mercantile Bank (DHA:MERCANBANK) ROE % Adjusted to Book Value : 24.28% (As of Mar. 2024)

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What is Mercantile Bank ROE % Adjusted to Book Value?

Mercantile Bank's ROE % for the quarter that ended in Mar. 2024 was 12.14%. Mercantile Bank's PB Ratio for the quarter that ended in Mar. 2024 was 0.50. Mercantile Bank's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 was 24.28%.

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.

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Mercantile Bank ROE % Adjusted to Book Value Chart

Mercantile Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROE % Adjusted to Book Value

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19.07

18.48

21.24

16.14

14.13

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															18.70	21.39	23.85	-7.48	24.28

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
	=	7.91%	/	0.56
	=	14.13%

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
	=	12.14%	/	0.50
	=	24.28%

Mercantile Bank ROE % Adjusted to Book Value Related Terms

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Mercantile Bank (DHA:MERCANBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank PLC (DHA:MERCANBANK) » Definitions » ROE % Adjusted to Book Value

Traded in Other Exchanges

N/A

Address

61, Dilkusha Commercial Area, Dhaka, BGD, 1000

Website

https://www.mblbd.com

Mercantile Bank PLC is a commercial bank that engages in providing banking and financial services. It offers a range of services such as SME financing, Retail Banking, Corporate Banking, Foreign Trade, NRB banking, Treasury instruments services, and E-banking, among others. Its operating segments comprise Commercial Banking including Off-shore Banking Units, Islamic Banking Window Operations, Mercantile Bank Securities Limited; MBL Assets Managements Limited, and Mercantile Exchange House (UK) Ltd.

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