Mercantile Bank (MBWM) EBITDA (2010 - 2026)
Mercantile Bank posted quarterly EBITDA of $57.8 million for Q1 2026, up 2.02% year-on-year from $56.6 million in Q1 2025, and down 0.71% on a QoQ basis from $58.2 million in Q4 2025.
Mercantile Bank (MBWM) has 17 years of EBITDA data on file, last reported at $57.8 million in Q1 2026.
- For the quarter ending Q1 2026, EBITDA rose 2.02% year-over-year to $57.8 million; the trailing twelve-month figure through Mar 2026 stood at $237.1 million (up 2.32% YoY), and the FY2025 full-year result was $25.1 million, up 3.02% from the prior year.
- EBITDA for Q1 2026 stood at $57.8 million, down from $58.2 million in the prior quarter.
- Across five years, EBITDA topped out at $61.9 million in Q3 2025 and bottomed at $20.3 million in Q1 2022.
- The 5-year median for EBITDA is $56.2 million (2024), against an average of $47.8 million.
- The widest annual swing landed in 2022, when EBITDA retreated 26.14%; it then surged 114.65% in 2023.
- A 5-year view of EBITDA shows it stood at $35.3 million in 2022, then soared by 45.2% to $51.2 million in 2023, then climbed by 13.75% to $58.3 million in 2024, then dropped by 0.16% to $58.2 million in 2025, then declined by 0.71% to $57.8 million in 2026.
- The last three EBITDA figures came in at $57.8 million (Q1 2026), $58.2 million (Q4 2025), and $61.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | 748,885.00 |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 8.87 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 11.54 Mn |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 10.53 Bn |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 832.74 Mn |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 5.09 Bn |
| 10 | Mercantile Bank | 899.78 Mn | 301.62 Mn | - | 57.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 57.77 Mn |
| Dec 31, 2025 | 58.18 Mn |
| Sep 30, 2025 | 61.93 Mn |
| Jun 30, 2025 | 59.27 Mn |
| Mar 31, 2025 | 56.62 Mn |
| Dec 31, 2024 | 58.28 Mn |
| Sep 30, 2024 | 60.61 Mn |
| Jun 30, 2024 | 56.25 Mn |
| Mar 31, 2024 | 57.28 Mn |
| Dec 31, 2023 | 51.23 Mn |
| Sep 30, 2023 | 49.07 Mn |
| Jun 30, 2023 | 44.61 Mn |
| Mar 31, 2023 | 39.06 Mn |
| Dec 31, 2022 | 35.28 Mn |
| Sep 30, 2022 | 26.68 Mn |
| Jun 30, 2022 | 20.78 Mn |
| Mar 31, 2022 | 20.25 Mn |
| Dec 31, 2021 | 20.67 Mn |
| Sep 30, 2021 | 24.28 Mn |
| Jun 30, 2021 | 28.14 Mn |
| Mar 31, 2021 | 23.72 Mn |
| Dec 31, 2020 | 24.36 Mn |
| Sep 30, 2020 | 20.15 Mn |
| Jun 30, 2020 | 18.18 Mn |
| Mar 31, 2020 | 21.57 Mn |
| Dec 31, 2019 | 24.94 Mn |
| Sep 30, 2019 | 24.89 Mn |
| Jun 30, 2019 | 23.79 Mn |
| Mar 31, 2019 | 23.22 Mn |
| Dec 31, 2018 | 21.29 Mn |
| Sep 30, 2018 | 18.80 Mn |
| Jun 30, 2018 | 17.34 Mn |
| Mar 31, 2018 | 18.76 Mn |
| Dec 31, 2017 | 17.50 Mn |
| Sep 30, 2017 | 16.97 Mn |
| Jun 30, 2017 | 14.86 Mn |
| Mar 31, 2017 | 14.71 Mn |
| Dec 31, 2016 | 15.87 Mn |
| Sep 30, 2016 | 15.26 Mn |
| Jun 30, 2016 | 14.44 Mn |
| Mar 31, 2016 | 16.03 Mn |
| Dec 31, 2015 | 12.57 Mn |
| Sep 30, 2015 | 14.15 Mn |
| Jun 30, 2015 | 12.53 Mn |
| Mar 31, 2015 | 13.07 Mn |
| Dec 31, 2014 | 12.45 Mn |
| Sep 30, 2014 | 12.02 Mn |
| Jun 30, 2014 | 5.77 Mn |
| Mar 31, 2014 | 8.03 Mn |
| Dec 31, 2013 | 10.61 Mn |
| Sep 30, 2013 | 8.37 Mn |
| Jun 30, 2013 | 2.05 Mn |
| Mar 31, 2013 | 3.82 Mn |
| Dec 31, 2012 | 7.54 Mn |
| Sep 30, 2012 | 7.32 Mn |
| Jun 30, 2012 | 3.66 Mn |
| Mar 31, 2012 | 2.32 Mn |
| Dec 31, 2011 | 7.33 Mn |
| Sep 30, 2011 | 8.08 Mn |
| Jun 30, 2011 | 8.32 Mn |
| Mar 31, 2011 | 7.43 Mn |
| Dec 31, 2010 | 4.16 Mn |
| Sep 30, 2010 | 2.08 Mn |
| Jun 30, 2010 | 7.45 Mn |