Company / Book Value per Share
MERCANTILE BANK CORP Book Value per Share History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Book Value per Share
$36.237
FY2024
5-year range
$27.832 / $36.237
FY2020-FY2024
Trend
+11.1%
vs FY2023
Sector context
#171 of 377
Financials
What the data says
At $36.237, MERCANTILE BANK CORP's book value per share ranks #171 of 377 in the Financials sector. Improved from $27.832 to $36.237 over the past 2 years.
Based on SEC 10-K filings.
$36.237 in FY2024 with a 5-year CAGR of +7.4%.
Improved from $27.832 to $36.237 over the past 2 years.
Financials sector context is included.
Book Value per Share over time
Growth rates
- 3-Year CAGR
- +8.3%
- 5-Year CAGR
- +7.4%
- 10-Year CAGR
- -
Sector benchmark
#171 of 377 in FinancialsTop 45% of 377This company $36.237 Sector average $60.54
▼
-40.1% below sector average
Key checks
Key Insights
- 5-year CAGR of +7.4%, indicating consistent growth.
- In FY2024, book value per share increased 11.1% year-over-year.
- Ranks #171 out of 377 companies in the Financials sector.
- Lowest book value per share in the period was in FY2016.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Book Value per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $36.237 | +11.1% |
| FY2023 | $32.602 | +17.1% |
| FY2022 | $27.832 | -2.5% |
| FY2021 | $28.558 | +5.2% |
| FY2020 | $27.14 | +6.9% |
| FY2019 | $25.386 | +12.3% |
| FY2018 | $22.597 | +1.8% |
| FY2017 | $22.189 | +6.2% |
| FY2016 | $20.895 | +4.2% |
As of FY2024 · SEC 10-K Annual Filings · Updated Feb 28, 2026