MBWM
What one share of Mercantile Bank holds
State Commercial Banks
Mercantile Bank Corporation is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “Bank Holding Company Act”). Unless the text clearly suggests otherwise, references to “us,” “we,” “our,” or “the company” include Mercantile Bank Corporation and its wholly owned subsidiaries.
Mercantile Bank’s numbers from its SEC filings, divided by its shares. Results cover the last 12 months to 2026-06-30; the balance sheet is as of 2026-06-30.
| Sales | $15.56 |
|---|---|
| Profit | $5.68 |
| Dividends | $1.54 |
| Book value | $43.68 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2016 | $7.78 | $1.96 | — | $2.12 | — | $20.76 |
| 2017 | $7.81 | $1.90 | — | $2.34 | — | $22.05 |
| 2018 | $8.38 | $2.53 | — | $3.72 | — | $22.70 |
| 2019 | $9.23 | $3.01 | — | $2.73 | $1.06 | $25.36 |
| 2020 | $10.29 | $2.71 | — | $2.33 | $1.12 | $27.04 |
| 2021 | $11.28 | $3.69 | — | $4.04 | $1.18 | $28.82 |
| 2022 | $12.00 | $3.85 | — | $7.56 | $1.26 | $27.60 |
| 2023 | $14.09 | $5.13 | — | $4.16 | $1.34 | $32.38 |
| 2024 | $14.35 | $4.93 | — | $6.27 | $1.40 | $36.20 |
| 2025 | $14.94 | $5.47 | — | $1.11 | $1.50 | $42.19 |