Note 19 - Earnings Per Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

19

– EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	2018		2017		2016
Basic
Net income attributable to common shares	$	42,024,000	$	31,274,000	$	31,913,000
Weighted average common shares outstanding		16,600,612		16,478,968		16,292,086
Basic earnings per common share	$	2.53	$	1.90	$	1.96
Diluted
Net income attributable to common shares	$	42,024,000	$	31,274,000	$	31,913,000
Weighted average common shares outstanding for basic earnings per common share		16,600,612		16,478,968		16,292,086
Add: Dilutive effects of share-based awards		5,804		10,102		18,644
Average shares and dilutive potential common shares		16,606,416		16,489,070		16,310,730
Diluted earnings per common share	$	2.53	$	1.90	$	1.96

Stock options for approximately

6,500,

7,000

and

11,000

shares of common stock were antidilutive and were

not

included in determining dilutive earnings per share in

2018,

2017

and

2016,

respectively.

(Continued)

MERCANTILE BANK CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2018