Mercantile Bank (MBWM) Net Income (2010 - 2026)

Mercantile Bank's Net Income history runs 17 years deep, the most recent figure standing at $22.7 million for Q1 2026.

• Quarterly Net Income rose 16.11% year-over-year to $22.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $84.9 million (down 11.57% YoY) and the FY2025 annual result came in at $81.8 million, down 16.61% from the prior year.
• Net Income was $22.7 million for Q1 2026 at Mercantile Bank, up from $15.8 million in the prior quarter.
• Across five years, Net Income topped out at $40.3 million in Q4 2023 and bottomed at $11.5 million in Q1 2022.
• A 5-year average of $21.5 million and a median of $20.6 million in 2022 frame the typical range for Net Income.
• Annual changes were most pronounced in 2023 — Net Income soared 95.48% — and 2025, when it slumped 58.39%.
• Mercantile Bank's Net Income stood at $20.6 million in 2022, then surged by 95.48% to $40.3 million in 2023, then fell by 5.51% to $38.1 million in 2024, then slumped by 58.39% to $15.8 million in 2025, then surged by 43.16% to $22.7 million in 2026.
• Business Quant data shows MBWM's Net Income at $22.7 million in Q1 2026, $15.8 million in Q4 2025, and $23.8 million in Q3 2025.