Mercantile Bank (MBWM) Financial Services Fees (2020 - 2024)
Mercantile Bank (MBWM) reported Financial Services Fees of $716,000 for Q4 2024, down 41.5% from $1.22 million a year earlier but up 84.1% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Financial Services Fees (2020 - 2024) Analysis & Trends
For FY2024, Mercantile Bank posted Financial Services Fees of $3.21 million, down 18.7% from FY2023.
- Financial Services Fees has a four-year compound annual growth rate of 36.2% (FY2020 to FY2024).
- By year, Financial Services Fees came in at $3.95 million in FY2023 (+13.1%), $3.49 million in FY2022 (-49.2%), $6.86 million in FY2021 (+636.3%) and $932,000 in FY2020.
- Five-year quarterly Financial Services Fees spans a low of $389,000 in Q3 2024 and a high of $3.94 million in Q3 2021.
- Year over year, Financial Services Fees gained in five of the last eight quarters, with growth averaging 6.9%.
- The high point for year-over-year Financial Services Fees in five years was Q1 2022 (growth of 106.9%); the low point was Q3 2022 (a decline of 85.6%).
- Per Business Quant data, the three quarters before Q4 2024 came in at $389,000 (Q3 2024), $766,000 (Q2 2024) and $1.34 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 886.05 Bn | 915.53 Bn | - |
| 2 | Banco Santander Chile | 409.93 Bn | 529.88 Bn | - |
| 3 | Bank Of America | 377.01 Bn | -1,999.06 Bn | - |
| 4 | Hsbc Holdings | 329.11 Bn | 329.16 Bn | - |
| 5 | Morgan Stanley | 295.54 Bn | -213.55 Bn | - |
| 6 | Royal Bank Of Canada | 273.59 Bn | 124.33 Bn | - |
| 7 | Mitsubishi Ufj Financial | 268.33 Bn | -1,320.16 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 261.29 Bn | -3,295.82 Bn | - |
| 9 | Wells Fargo & Company | 243.13 Bn | 245.26 Bn | - |
| 10 | Mercantile Bank | 1.02 Bn | 1.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 716,000.00 |
| Sep 30, 2024 | 389,000.00 |
| Jun 30, 2024 | 766,000.00 |
| Mar 31, 2024 | 1.34 Mn |
| Dec 31, 2023 | 1.22 Mn |
| Sep 30, 2023 | 937,000.00 |
| Jun 30, 2023 | 748,000.00 |
| Mar 31, 2023 | 1.04 Mn |
| Dec 31, 2022 | 1.14 Mn |
| Sep 30, 2022 | 566,000.00 |
| Jun 30, 2022 | 430,000.00 |
| Mar 31, 2022 | 1.35 Mn |
| Dec 31, 2021 | 776,000.00 |
| Sep 30, 2021 | 3.94 Mn |
| Jun 30, 2021 | 1.50 Mn |
| Mar 31, 2021 | 653,000.00 |
| Dec 31, 2020 | 932,000.00 |
API Access
Mercantile Bank Financial Services Fees 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=financial-services-fees&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "financial-services-fees", "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=financial-services-fees&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();