MERCANTILE BANK CORPORATION
P/B (Price-to-Book)
Price
Book Per Share
P/B (Price-to-Book)
| Fiscal Year | P/B (Price-to-Book) | Book Per Share | Price |
|---|---|---|---|
| Dec 2016 | 1.80x | $20.89 | $37.70 |
| Dec 2017 | 1.59x | $22.19 | $35.37 |
| Dec 2018 | 1.25x | $22.60 | $28.26 |
| Dec 2019 | 1.44x | $25.39 | $36.47 |
| Dec 2020 | 1.00x | $27.14 | $27.17 |
| Dec 2021 | 1.23x | $28.56 | $35.03 |
| Dec 2022 | 1.20x | $27.83 | $33.48 |
| Dec 2023 | 1.24x | $32.60 | $40.38 |
| Dec 2024 | 1.23x | $36.24 | $44.49 |
| Dec 2025 | 1.08x | $44.64 | $48.00 |