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Mercantile Bank (MBWM) EBIT: 2009-2024

Historic EBIT for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $20.6 million.

  • Mercantile Bank's EBIT rose 2.35% to $61.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $232.7 million, marking a year-over-year increase of 4.96%. This contributed to the annual value of $20.6 million for FY2024, which is 4.30% down from last year.
  • Per Mercantile Bank's latest filing, its EBIT stood at $20.6 million for FY2024, which was down 4.30% from $21.6 million recorded in FY2023.
  • Over the past 5 years, Mercantile Bank's EBIT peaked at $21.6 million during FY2023, and registered a low of $11.5 million during FY2020.
  • In the last 3 years, Mercantile Bank's EBIT had a median value of $20.6 million in 2024 and averaged $19.4 million.
  • Its EBIT has fluctuated over the past 5 years, first decreased by 9.29% in 2020, then surged by 35.51% in 2023.
  • Over the past 5 years, Mercantile Bank's EBIT (Yearly) stood at $11.5 million in 2020, then surged by 34.41% to $15.5 million in 2021, then increased by 2.80% to $15.9 million in 2022, then spiked by 35.51% to $21.6 million in 2023, then dropped by 4.30% to $20.6 million in 2024.