Mercantile Bank (MBWM) Consolidated Net Income (2010 - 2026)
Mercantile Bank (MBWM) posted Consolidated Net Income of $25.93 million for Q2 2026, up 14.6% from $22.62 million a year earlier and up 14.3% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Consolidated Net Income (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Consolidated Net Income at Mercantile Bank was $95.21 million, up 17.0% year-over-year; for FY2025, it came in at $88.75 million, up 11.5% from FY2024.
- Annual Consolidated Net Income shows a five-year compound annual growth rate of 15.0% (FY2020 to FY2025).
- In prior years, Mercantile Bank's Consolidated Net Income was $79.59 million in FY2024 (-3.2%), $82.22 million in FY2023 (+34.6%), $61.06 million in FY2022 (+3.5%) and $59.02 million in FY2021 (+33.7%).
- The Q2 2026 figure stands as the highest quarterly Consolidated Net Income in data going back to Q2 2010.
- On a year-over-year basis, Consolidated Net Income has increased in each of the last five quarters, with growth averaging 8.9% over the last eight quarters.
- The strongest year-over-year quarter for Consolidated Net Income in the past five years was Q4 2022, with growth of 87.3%; the weakest was Q2 2022, with a decline of 35.1%.
- According to Business Quant data, Consolidated Net Income for the three prior quarters was $22.69 million (Q1 2026), $22.84 million (Q4 2025) and $23.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 21.16 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | 228.63 Bn |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 9.07 Bn |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 5.65 Bn |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 4.32 Bn |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 5.85 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 6.63 Bn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 6.65 Bn |
| 10 | Mercantile Bank | 1.03 Bn | 1.03 Bn | - | 25.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.93 Mn |
| Mar 31, 2026 | 22.69 Mn |
| Dec 31, 2025 | 22.84 Mn |
| Sep 30, 2025 | 23.76 Mn |
| Jun 30, 2025 | 22.62 Mn |
| Mar 31, 2025 | 19.54 Mn |
| Dec 31, 2024 | 19.63 Mn |
| Sep 30, 2024 | 19.62 Mn |
| Jun 30, 2024 | 18.79 Mn |
| Mar 31, 2024 | 21.56 Mn |
| Dec 31, 2023 | 20.03 Mn |
| Sep 30, 2023 | 20.86 Mn |
| Jun 30, 2023 | 20.36 Mn |
| Mar 31, 2023 | 20.97 Mn |
| Dec 31, 2022 | 21.80 Mn |
| Sep 30, 2022 | 16.03 Mn |
| Jun 30, 2022 | 11.74 Mn |
| Mar 31, 2022 | 11.49 Mn |
| Dec 31, 2021 | 11.64 Mn |
| Sep 30, 2021 | 15.05 Mn |
API Access
Mercantile Bank Consolidated Net Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=consolidated-net-income&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "consolidated-net-income", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=consolidated-net-income&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();