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Annual data and sources

MERCANTILE BANK CORP (MBWM) · Nasdaq · USD · Sector unavailable · CIK 0001042729

Annual coverage: 2009-12-31–2025-12-31 (17 periods). Financial snapshot built 2026-10-09.

MBWM annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for MERCANTILE BANK CORP
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
5.475.47Unavailable1.503.08%Basic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Dividend (2026-02-27)
2024
2024-12-31
4.934.93Unavailable1.403.13%Basic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Dividend (2026-02-27)
2023
2023-12-31
5.135.13Unavailable1.343.32%Basic EPS (2026-02-27)
Diluted EPS (2026-02-27)
Dividend (2026-02-27)
2022
2022-12-31
3.853.85Unavailable1.263.76%Basic EPS (2025-03-03)
Diluted EPS (2025-03-03)
Dividend (2025-03-03)
2021
2021-12-31
3.693.69Unavailable1.183.49%Basic EPS (2024-03-01)
Diluted EPS (2024-03-01)
Dividend (2024-03-01)
2020
2020-12-31
2.712.71Unavailable1.124.44%Basic EPS (2023-03-03)
Diluted EPS (2023-03-03)
Dividend (2023-03-03)
2019
2019-12-31
3.013.01Unavailable1.063.26%Basic EPS (2022-03-04)
Diluted EPS (2022-03-04)
Dividend (2022-03-04)
2018
2018-12-31
2.532.53UnavailableUnavailableUnavailableBasic EPS (2021-03-05)
Diluted EPS (2021-03-05)
2017
2017-12-31
1.901.90UnavailableUnavailableUnavailableBasic EPS (2020-03-02)
Diluted EPS (2020-03-02)
2016
2016-12-31
1.961.96UnavailableUnavailableUnavailableBasic EPS (2019-03-04)
Diluted EPS (2019-03-04)
2015
2015-12-31
1.631.62UnavailableUnavailableUnavailableBasic EPS (2018-03-05)
Diluted EPS (2018-03-05)
2014
2014-12-31
1.281.28UnavailableUnavailableUnavailableBasic EPS (2017-03-06)
Diluted EPS (2017-03-06)
2013
2013-12-31
1.961.95Unavailable0.453.11%Basic EPS (2016-03-07)
Diluted EPS (2016-03-07)
Dividend (2014-02-28)
2012
2012-12-31
1.331.30Unavailable0.090.85%Basic EPS (2015-03-10)
Diluted EPS (2015-03-10)
Dividend (2014-02-28)
2011
2011-12-31
4.204.07UnavailableUnavailableUnavailableBasic EPS (2014-02-28)
Diluted EPS (2014-02-28)
2010
2010-12-31
-1.72-1.72Unavailable0.010.19%Basic EPS (2013-03-14)
Diluted EPS (2013-03-14)
Dividend (2012-03-14)
2009
2009-12-31
-6.23-6.23Unavailable0.073.52%Basic EPS (2012-03-14)
Diluted EPS (2012-03-14)
Dividend (2012-03-14)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2024-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2023-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2022-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2021-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2020-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2019-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2018-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2017-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2016-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2015-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2014-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2013-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2012-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2011-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2010-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable
2009-12-31UnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; averageDilutedShares: Banking or insurance accounting is outside this metric policy; totalDebt: Banking or insurance accounting is outside this metric policy; periodEndShares: Banking or insurance accounting is outside this metric policy

Source unavailable

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2024-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2023-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2022-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2021-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2020-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2018-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2017-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2016-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2015-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2014-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2013-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2012-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2011-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2010-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable
2009-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{},"recovered":{}}; fcfMargin: Banking or insurance accounting is outside this metric policy; cashConversion: Banking or insurance accounting is outside this metric policy; roce: Banking or insurance accounting is outside this metric policy

Source unavailable

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2024-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2023-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2022-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2021-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2020-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2018-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2017-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2016-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2015-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2014-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2013-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2012-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2011-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2010-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable
2009-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Banking or insurance accounting is outside this metric policy; operatingIncome: Banking or insurance accounting is outside this metric policy; netIncome: Banking or insurance accounting is outside this metric policy

Source unavailable

MERCANTILE BANK CORP (MBWM) P/E ratio history

The interactive P/E chart contains all 1129 stored weekly price points (2005-02-25–2026-10-08); 771 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

15 eligible fiscal-year-end observations span 2011-12-31–2025-12-31. Latest eligible diluted P/E: 8.91×; basic P/E: 8.91×, for fiscal end 2025-12-31, using the close on 2025-12-26.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (17 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2648.72Adjusted close8.918.91Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2024-12-312024-12-2744.79Adjusted close9.089.08Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2023-12-312023-12-2940.38Adjusted close7.877.87Basic EPS (2026-02-27) Diluted EPS (2026-02-27)
2022-12-312022-12-3033.48Adjusted close8.708.70Basic EPS (2025-03-03) Diluted EPS (2025-03-03)
2021-12-312021-12-3133.77Adjusted close9.159.15Basic EPS (2024-03-01) Diluted EPS (2024-03-01)
2020-12-312020-12-3125.24Adjusted close9.319.31Basic EPS (2023-03-03) Diluted EPS (2023-03-03)
2019-12-312019-12-2732.56Adjusted close10.8210.82Basic EPS (2022-03-04) Diluted EPS (2022-03-04)
2018-12-312018-12-2824.67Adjusted close9.759.75Basic EPS (2021-03-05) Diluted EPS (2021-03-05)
2017-12-312017-12-2928.81Adjusted close15.1715.17Basic EPS (2020-03-02) Diluted EPS (2020-03-02)
2016-12-312016-12-3030.02Adjusted close15.3215.32Basic EPS (2019-03-04) Diluted EPS (2019-03-04)
2015-12-312015-12-3118.80Adjusted close11.5311.60Basic EPS (2018-03-05) Diluted EPS (2018-03-05)
2014-12-312014-12-2616.00Adjusted close12.5012.50Basic EPS (2017-03-06) Diluted EPS (2017-03-06)
2013-12-312013-12-2714.46Adjusted close7.387.42Basic EPS (2016-03-07) Diluted EPS (2016-03-07)
2012-12-312012-12-2810.64Adjusted close8.008.18Basic EPS (2015-03-10) Diluted EPS (2015-03-10)
2011-12-312011-12-306.30Adjusted close1.501.55Basic EPS (2014-02-28) Diluted EPS (2014-02-28)
2010-12-312010-12-315.30Adjusted closeUnavailableUnavailableBasic EPS (2013-03-14) Diluted EPS (2013-03-14)
2009-12-312009-12-311.99Adjusted closeUnavailableUnavailableBasic EPS (2012-03-14) Diluted EPS (2012-03-14)

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