MBWM tangible book value per share history

Annual fiscal periods. Dates are reporting period ends; fiscal years can differ from calendar years.

Mercantile Bank Corp Tangible Book Value Per Share — Annual fiscal periods
Period ending	Tangible Book Value Per Share
Dec 31, 2025	38.8493
Dec 31, 2024	33.1692
Dec 31, 2023	28.8043
Dec 31, 2022	24.6754
Dec 31, 2021	25.3791
Dec 31, 2020	23.9502
Dec 31, 2019	22.1425
Dec 31, 2018	19.2889
Dec 31, 2017	18.7388
Dec 31, 2016	17.2711
Dec 31, 2015	16.3586
Dec 31, 2014	19.4687
Dec 31, 2013	17.6013
Dec 31, 2012	16.9959
Dec 31, 2011	19.1792
Dec 31, 2010	14.8021
Dec 31, 2009	16.5022
Dec 31, 2008	20.5846
Dec 31, 2007	21.0747
Dec 31, 2006	19.4694
Dec 31, 2005	16.8212
Dec 31, 2004	16.2275
Dec 31, 2003	17.6472
Dec 31, 2002	11.5314
Dec 31, 2001	13.2038
Dec 31, 2000	8.3425
Dec 31, 1999	7.665
Dec 31, 1998	8.5234