What one share of Mercantile Bank holds
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 | $15.57 |
|---|---|
| Profit | $5.68 |
| Dividends | $1.54 |
| Book value | $43.68 |
Per share by fiscal year
| Year | Sales | Profit | Capex | Free cash | Dividends | Book value |
|---|---|---|---|---|---|---|
| 2009 | $6.94 | −$6.23 | — | — | $0.07 | $16.50 |
| 2010 | $7.71 | −$1.72 | — | — | $0.01 | $12.31 |
| 2011 | $6.59 | $4.07 | — | — | — | $16.81 |
| 2012 | $6.18 | $1.30 | — | — | $0.09 | $16.84 |
| 2013 | $6.23 | $1.95 | — | — | $0.45 | $17.54 |
| 2014 | $6.48 | $1.28 | — | — | — | $19.33 |
| 2015 | $7.04 | $1.62 | — | — | — | $20.41 |
| 2016 | $7.78 | $1.96 | — | — | — | $20.76 |
| 2017 | $7.81 | $1.90 | — | — | — | $22.05 |
| 2018 | $8.38 | $2.53 | — | — | — | $22.70 |
| 2019 | $9.23 | $3.01 | — | — | $1.06 | $25.36 |
| 2020 | $10.29 | $2.71 | — | — | $1.12 | $27.04 |
| 2021 | $11.28 | $3.69 | — | — | $1.18 | $28.82 |
| 2022 | $12.00 | $3.85 | — | — | $1.26 | $27.60 |
| 2023 | $14.09 | $5.13 | — | — | $1.34 | $32.38 |
| 2024 | $14.35 | $4.93 | — | — | $1.40 | $36.20 |
| 2025 | $14.94 | $5.47 | — | — | $1.50 | $42.19 |
Common questions about Mercantile Bank
How much does one share of Mercantile Bank earn?
Over the last 12 months, each share of Mercantile Bank earned $5.68 of profit on $15.57 of sales, keeping about 37¢ of every $1 (profit margin).
Does Mercantile Bank pay a dividend?
Yes. Mercantile Bank paid $1.54 per share in dividends over the last 12 months. That’s about 27¢ of each $1 of profit (payout ratio).
What is Mercantile Bank’s book value per share?
Mercantile Bank’s book value is $43.68 per share: what would be left for each share if it sold everything at the values on its books and paid every debt, as of June 30, 2026.
Has Mercantile Bank bought back shares?
Mercantile Bank’s share count rose about 91% from 2009 to 2025. That dilution means each share owns a smaller slice of the company.
From its SEC filings. For education only, not investment advice. New to these words? See the StockSlicer glossary.