Mercantile Bank (MBWM) EBITDA (2010 - 2026)

Mercantile Bank has reported EBITDA for 17 years, with the latest figure 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.
• The five-year high for EBITDA was $61.9 million in Q3 2025, with the low at $20.3 million in Q1 2022.
• Historically, EBITDA has averaged $47.8 million across 5 years, with a median of $56.2 million in 2024.
• Annual changes were most pronounced in 2022 — EBITDA retreated 26.14% — and 2023, when it surged 114.65%.
• Mercantile Bank's EBITDA stood at $35.3 million in 2022, then surged by 45.2% to $51.2 million in 2023, then advanced by 13.75% to $58.3 million in 2024, then slipped by 0.16% to $58.2 million in 2025, then dropped 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.