Company / Tangible Book Value per Share
MERCANTILE BANK CORP Tangible Book Value per Share History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Tangible Book Value per Share
$33.17
FY2024
5-year range
$24.71 / $33.17
FY2020-FY2024
Trend
+12.4%
vs FY2023
Sector context
#133 of 377
Financials
What the data says
At $33.17, MERCANTILE BANK CORP's tangible book value per share ranks #133 of 377 in the Financials sector. Improved from $24.71 to $33.17 over the past 2 years.
Based on SEC 10-K filings.
33.17 in FY2024 with a 5-year CAGR of +8.2%.
Improved from $24.71 to $33.17 over the past 2 years.
Financials sector context is included.
Tangible Book Value per Share over time
Growth rates
- 3-Year CAGR
- +9.2%
- 5-Year CAGR
- +8.2%
- 10-Year CAGR
- -
Sector benchmark
#133 of 377 in FinancialsTop 35% of 377This company $33.17 Sector average $44.02
▼
-24.6% below sector average
Key checks
Key Insights
- In FY2024, tangible book value per share increased 12.4% year-over-year.
- Ranks #133 out of 377 companies in the Financials sector.
- Lowest tangible 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 | Tangible Book Value per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $33.17 | +12.4% |
| FY2023 | $29.51 | +19.4% |
| FY2022 | $24.71 | -2.9% |
| FY2021 | $25.46 | +5.7% |
| FY2020 | $24.10 | +7.7% |
| FY2019 | $22.37 | +14.0% |
| FY2018 | $19.62 | +2.2% |
| FY2017 | $19.19 | +7.4% |
| FY2016 | $17.86 | +4.5% |
As of FY2024 · SEC 10-K Annual Filings · Updated Feb 28, 2026