Mercantile Bank Corp (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 Corp (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
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.62 Mn |
| Mar 31, 2026 | 56.81 Mn |
| Dec 31, 2025 | 57.28 Mn |
| Sep 30, 2025 | 61.08 Mn |
| Jun 30, 2025 | 58.44 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 Corp 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();