Mercantile Bank (MBWM) EBIT (2010 - 2026)
Mercantile Bank (MBWM) reported EBIT of $90.14 million for Q2 2026, down 0.1% from $90.23 million a year earlier but up 58.7% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) EBIT (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mercantile Bank's EBIT came in at $265.32 million, up 0.8% year-over-year; for FY2025, it came in at $232.64 million, up 1.7% from FY2024.
- EBIT has increased for five consecutive years, with a five-year compound annual growth rate of 23.5% (FY2020 to FY2025).
- By year, EBIT came in at $228.7 million in FY2024 (+26.7%), $180.51 million in FY2023 (+81.6%), $99.39 million in FY2022 (+6.7%) and $93.15 million in FY2021 (+15.1%).
- Five-year quarterly EBIT spans a low of $19.32 million in Q1 2022 and a high of $90.23 million in Q2 2025.
- Year over year, EBIT gained in five of the last eight quarters, with growth averaging 13.0%.
- The high point for year-over-year EBIT in five years was Q2 2023 (growth of 120.3%); the low point was Q2 2022 (a decline of 27.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $56.81 million (Q1 2026), $57.28 million (Q4 2025) and $61.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 52.63 Bn |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | -1,140.26 Bn |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 29.40 Bn |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 20.47 Bn |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 18.35 Bn |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 5.11 Bn |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 26.66 Bn |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 19.01 Bn |
| 10 | Mercantile Bank | 1.02 Bn | 1.02 Bn | - | 90.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 90.14 Mn |
| Mar 31, 2026 | 56.81 Mn |
| Dec 31, 2025 | 57.28 Mn |
| Sep 30, 2025 | 61.08 Mn |
| Jun 30, 2025 | 90.23 Mn |
| Mar 31, 2025 | 55.84 Mn |
| Dec 31, 2024 | 57.35 Mn |
| Sep 30, 2024 | 59.68 Mn |
| Jun 30, 2024 | 55.32 Mn |
| Mar 31, 2024 | 56.35 Mn |
| Dec 31, 2023 | 50.36 Mn |
| Sep 30, 2023 | 48.18 Mn |
| Jun 30, 2023 | 43.73 Mn |
| Mar 31, 2023 | 38.24 Mn |
| Dec 31, 2022 | 34.49 Mn |
| Sep 30, 2022 | 25.73 Mn |
| Jun 30, 2022 | 19.85 Mn |
| Mar 31, 2022 | 19.32 Mn |
| Dec 31, 2021 | 19.73 Mn |
| Sep 30, 2021 | 23.35 Mn |
API Access
Mercantile Bank EBIT 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=ebit&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "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=ebit&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();