Mercantile Bank (MBWM) EBITDA (2010 - 2026)

Mercantile Bank's EBITDA history runs 17 years deep, the most recent figure standing at $67.9 million for Q1 2026.

• Quarterly EBITDA fell 12.36% year-over-year to $67.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $268.1 million (down 10.51% YoY) and the FY2025 annual result came in at $232.9 million, up 1.85% from the prior year.
• EBITDA was $67.9 million for Q1 2026 at Mercantile Bank, up from $57.6 million in the prior quarter.
• Across five years, EBITDA topped out at $119.2 million in Q3 2023 and bottomed at $34.5 million in Q4 2022.
• A 5-year average of $77.4 million and a median of $74.2 million in 2025 frame the typical range for EBITDA.
• Annual changes were most pronounced in 2022 — EBITDA soared 355.38% — and 2024, when it tumbled 37.81%.
• Mercantile Bank's EBITDA stood at $34.5 million in 2022, then surged by 57.6% to $54.4 million in 2023, then rose by 3.32% to $56.2 million in 2024, then grew by 2.49% to $57.6 million in 2025, then climbed by 18.01% to $67.9 million in 2026.
• Business Quant data shows MBWM's EBITDA at $67.9 million in Q1 2026, $57.6 million in Q4 2025, and $68.4 million in Q3 2025.