Mercantile Bank (MBWM) EBIT (2010 - 2026)

Mercantile Bank has reported EBIT for 17 years, with the latest figure at $56.8 million in Q1 2026.

• For the quarter ending Q1 2026, EBIT rose 1.74% year-over-year to $56.8 million; the trailing twelve-month figure through Mar 2026 stood at $233.6 million (up 2.38% YoY), and the FY2025 full-year result was $21.7 million, up 5.3% from the prior year.
• EBIT for Q1 2026 stood at $56.8 million, down from $57.3 million in the prior quarter.
• The five-year high for EBIT was $61.1 million in Q3 2025, with the low at $19.3 million in Q1 2022.
• Historically, EBIT has averaged $46.9 million across 5 years, with a median of $55.3 million in 2024.
• Annual changes were most pronounced in 2022 — EBIT slipped 27.13% — and 2023, when it soared 120.33%.
• Mercantile Bank's EBIT stood at $34.5 million in 2022, then jumped by 46.01% to $50.4 million in 2023, then climbed by 13.88% to $57.4 million in 2024, then retreated by 0.12% to $57.3 million in 2025, then dropped by 0.83% to $56.8 million in 2026.
• The last three EBIT figures came in at $56.8 million (Q1 2026), $57.3 million (Q4 2025), and $61.1 million (Q3 2025), per Business Quant data.