Mercantile Bank (MBWM) Interest Income - Deposits (2010 - 2026)
Mercantile Bank (MBWM) recorded Interest Income - Deposits of $8.91 million in Q2 2026, up 35.4% from $6.58 million a year earlier and up 90.4% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Interest Income - Deposits (2010 - 2026) Analysis & Trends
For FY2025, Mercantile Bank reported Interest Income - Deposits of $16.34 million, up 5.1% from FY2024.
- Annual Interest Income - Deposits has increased for five straight years, with a five-year compound annual growth rate of 79.5% (FY2020 to FY2025).
- Across earlier years, Interest Income - Deposits came in at $15.54 million in FY2024 (+102.1%), $7.69 million in FY2023 (+65.3%), $4.65 million in FY2022 (+398.8%) and $933,000 in FY2021 (+6.5%).
- The Q2 2026 figure is the highest quarterly Interest Income - Deposits in data going back to Q2 2010.
- On a year-over-year basis, Interest Income - Deposits rose in seven of the last eight quarters, with growth averaging 56.3%.
- Peak year-over-year performance for Interest Income - Deposits in the last five years was growth of 527.5% in Q1 2024, against a decline of 21.3% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $4.68 million (Q1 2026), $6.97 million (Q4 2025) and $4.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Income - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 2.35 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | - |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | - |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | - |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 18.67 Bn |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 1.46 Bn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 1.35 Bn |
| 10 | Mercantile Bank | 1.03 Bn | 1.03 Bn | - | 8.91 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.91 Mn |
| Mar 31, 2026 | 4.68 Mn |
| Dec 31, 2025 | 6.97 Mn |
| Sep 30, 2025 | 4.30 Mn |
| Jun 30, 2025 | 6.58 Mn |
| Mar 31, 2025 | 3.65 Mn |
| Dec 31, 2024 | 7.17 Mn |
| Sep 30, 2024 | 3.90 Mn |
| Jun 30, 2024 | 2.44 Mn |
| Mar 31, 2024 | 2.03 Mn |
| Dec 31, 2023 | 3.76 Mn |
| Sep 30, 2023 | 2.81 Mn |
| Jun 30, 2023 | 801,000.00 |
| Mar 31, 2023 | 324,000.00 |
| Dec 31, 2022 | 1.65 Mn |
| Sep 30, 2022 | 1.62 Mn |
| Jun 30, 2022 | 1.02 Mn |
| Mar 31, 2022 | 366,000.00 |
| Dec 31, 2021 | 291,000.00 |
| Sep 30, 2021 | 291,000.00 |
API Access
Mercantile Bank Interest Income - Deposits 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=interest-income-deposits&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-income-deposits", "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=interest-income-deposits&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();