Mercantile Bank (MBWM) Mortgage Banking (2010 - 2026)

Mercantile Bank has reported Mortgage Banking for 16 years, with the latest figure at $3.0 million in Q1 2026.

• For the quarter ending Q1 2026, Mortgage Banking rose 12.41% year-over-year to $3.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.0 million (down 76.37% YoY), and the FY2025 full-year result was $13.0 million, up 5.85% from the prior year.
• Mortgage Banking for Q1 2026 stood at $3.0 million, down from $3.3 million in the prior quarter.
• The five-year high for Mortgage Banking was $4.0 million in Q2 2025, with the low at $1.2 million in Q1 2023.
• Historically, Mortgage Banking has averaged $2.6 million across 5 years, with a median of $2.8 million in 2023.
• Annual changes were most pronounced in 2022 — Mortgage Banking sank 75.79% — and 2024, when it jumped 104.47%.
• Mercantile Bank's Mortgage Banking stood at $1.7 million in 2022, then increased by 5.56% to $1.8 million in 2023, then jumped by 104.47% to $3.6 million in 2024, then declined by 7.64% to $3.3 million in 2025, then slipped by 10.64% to $3.0 million in 2026.
• The last three Mortgage Banking figures came in at $3.0 million (Q1 2026), $3.3 million (Q4 2025), and $3.1 million (Q3 2025), per Business Quant data.