Mercantile Bank (MBWM) Deposits - Total (2010 - 2026)
Mercantile Bank (MBWM) recorded Deposits - Total of $5.61 billion in Q3 2026, up 16.6% from $4.81 billion a year earlier and up 5.9% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Deposits - Total (2010 - 2026) Analysis & Trends
At the end of FY2025, Mercantile Bank reported Deposits - Total of $5.28 billion, up 12.5% from FY2024.
- Annual Deposits - Total has increased for three straight years, with a five-year compound annual growth rate of 9.1% (FY2020 to FY2025).
- Across earlier years, Deposits - Total came in at $4.7 billion in FY2024 (+20.4%), $3.9 billion in FY2023 (+5.1%), $3.71 billion in FY2022 (-9.1%) and $4.08 billion in FY2021 (+19.7%).
- The Q3 2026 figure is the highest quarterly Deposits - Total in data going back to Q4 2010.
- On a year-over-year basis, Deposits - Total has increased for 13 consecutive quarters, with growth averaging 14.5% over the last eight quarters.
- Peak year-over-year performance for Deposits - Total in the last five years was growth of 20.4% in Q4 2024, against a decline of 9.5% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $5.3 billion (Q2 2026), $5.42 billion (Q1 2026) and $5.28 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deposits - Total (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 918.91 Bn | 918.91 Bn | - | 2,780.79 Bn |
| 2 | Banco Santander Chile | 870.35 Bn | 846.93 Bn | - | 15.64 Bn |
| 3 | Bank Of America | 358.55 Bn | -2,017.56 Bn | - | 2,038.76 Bn |
| 4 | Hsbc Holdings | 315.74 Bn | -668.95 Bn | - | 1,827.70 Bn |
| 5 | Morgan Stanley | 290.88 Bn | -253.14 Bn | - | 478.38 Bn |
| 6 | Royal Bank Of Canada | 287.92 Bn | 137.98 Bn | - | 1,173.76 Bn |
| 7 | Goldman Sachs | 270.57 Bn | -3,472.88 Bn | - | 567.88 Bn |
| 8 | Wells Fargo & Company | 258.79 Bn | 258.79 Bn | - | 1,502.65 Bn |
| 9 | Mitsubishi Ufj Financial | 247.94 Bn | 129.81 Bn | - | 1,631.34 Bn |
| 10 | Mercantile Bank | 1.06 Bn | 1.06 Bn | - | 5.61 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.61 Bn |
| Jun 30, 2026 | 5.30 Bn |
| Mar 31, 2026 | 5.42 Bn |
| Dec 31, 2025 | 5.28 Bn |
| Sep 30, 2025 | 4.81 Bn |
| Jun 30, 2025 | 4.71 Bn |
| Mar 31, 2025 | 4.68 Bn |
| Dec 31, 2024 | 4.70 Bn |
| Sep 30, 2024 | 4.46 Bn |
| Jun 30, 2024 | 4.15 Bn |
| Mar 31, 2024 | 4.01 Bn |
| Dec 31, 2023 | 3.90 Bn |
| Sep 30, 2023 | 3.90 Bn |
| Jun 30, 2023 | 3.76 Bn |
| Mar 31, 2023 | 3.60 Bn |
| Dec 31, 2022 | 3.71 Bn |
| Sep 30, 2022 | 3.85 Bn |
| Jun 30, 2022 | 3.87 Bn |
| Mar 31, 2022 | 3.98 Bn |
| Dec 31, 2021 | 4.08 Bn |
API Access
Mercantile Bank Deposits - Total 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=deposits-total&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deposits-total", "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=deposits-total&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();