MERCANTILE BANK CORP (MBWM) › Shareholders' EquityMERCANTILE BANK CORP (MBWM) — Shareholders' EquityAnnual figures by fiscal year, from SEC filings.2008: $174.37M2009: $140.10M2010: $125.94M2011: $165.00M2012: $146.59M2013: $153.32M2014: $328.14M2015: $333.80M2016: $340.81M2017: $365.87M2018: $375.25M2019: $416.56M2020: $441.55M2021: $456.56M2022: $441.41M2023: $522.14M2024: $584.53M2025: $724.88M$724.88M2008Shareholders' Equity (USD)2025Fiscal YearShareholders' EquityChange YoY2025$724.88M+24.0%2024$584.53M+11.9%2023$522.14M+18.3%2022$441.41M-3.3%2021$456.56M+3.4%2020$441.55M+6.0%2019$416.56M+11.0%2018$375.25M+2.6%2017$365.87M+7.4%2016$340.81M+2.1%2015$333.80M+1.7%2014$328.14M+114.0%2013$153.32M+4.6%2012$146.59M-11.2%2011$165.00M+31.0%2010$125.94M-10.1%2009$140.10M-19.7%2008$174.37M—Other metrics: RevenueCost of RevenueGross ProfitOperating IncomeNet IncomeEPS (Diluted)Total AssetsTotal LiabilitiesCash & EquivalentsOperating Cash FlowCapital ExpendituresShares OutstandingDividends Per Share