Mercantile Bank (MBWM) Enterprise Value (2010 - 2026)

Mercantile Bank has reported Enterprise Value for 17 years, with the latest figure at -$598.2 million in Q1 2026.

• For the quarter ending Q1 2026, Enterprise Value fell 45.83% year-over-year to -$598.2 million; the trailing twelve-month figure through Mar 2026 stood at -$598.2 million (down 45.83% YoY), and the FY2025 full-year result was -$496.5 million, down 26.31% from the prior year.
• Enterprise Value for Q1 2026 stood at -$598.2 million, down from -$496.5 million in the prior quarter.
• The five-year high for Enterprise Value was -$80.8 million in Q1 2023, with the low at -$770.2 million in Q1 2022.
• Historically, Enterprise Value has averaged -$353.2 million across 5 years, with a median of -$322.0 million in 2025.
• Annual changes were most pronounced in 2023 — Enterprise Value surged 89.51% — and 2024, when it plunged 230.28%.
• Mercantile Bank's Enterprise Value stood at -$122.9 million in 2022, then decreased by 28.54% to -$158.0 million in 2023, then plunged by 148.74% to -$393.1 million in 2024, then decreased by 26.31% to -$496.5 million in 2025, then fell by 20.47% to -$598.2 million in 2026.
• The last three Enterprise Value figures came in at -$598.2 million (Q1 2026), -$496.5 million (Q4 2025), and -$502.1 million (Q3 2025), per Business Quant data.