Mercantile Bank (MBWM) Net Income (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Net Income of $25.9 million for Q2 2026, up 14.63% year-over-year from $22.6 million in Q2 2025, and up 14.29% on a QoQ basis from $22.7 million in Q1 2026.
Mercantile Bank (MBWM) Net Income (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Net Income for 17 years, with the latest figure at $25.9 million in Q2 2026.
- Net Income for Q2 2026 came in at $25.9 million, up 14.63% year-over-year; the trailing twelve-month figure through Jun 2026 was $88.2 million (up 11.03% YoY), and the FY2025 annual result was $81.8 million, up 5.3% from the prior year.
- Net Income advanced to $25.9 million in Q2 2026, from $22.7 million in the prior quarter.
- Over five years, Net Income peaked at $25.9 million in Q2 2026 and troughed at $11.5 million in Q1 2022.
- A 5-year average of $19.3 million and a median of $20.0 million in 2023 frame the typical range for Net Income.
- The largest YoY upside for Net Income was 88.43% in 2022 against a maximum downside of 35.12% in 2022.
- A 5-year view of Net Income shows it stood at $20.4 million in 2022, then slipped by 12.01% to $18.0 million in 2023, then fell by 1.75% to $17.7 million in 2024, then declined by 10.37% to $15.8 million in 2025, then jumped by 63.62% to $25.9 million in 2026.
- Per Business Quant data, the three most recent Net Income figures were $25.9 million in Q2 2026, $22.7 million in Q1 2026, and $15.8 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 2.06 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 2.18 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | 3.98 Bn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | 3.89 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 2.79 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | 1.41 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 1.55 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 801.00 Mn |
| 10 | Mercantile Bank | 1.03 Bn | 688.32 Mn | - | 25.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 25.93 Mn |
| Mar 31, 2026 | 22.69 Mn |
| Dec 31, 2025 | 15.85 Mn |
| Sep 30, 2025 | 23.76 Mn |
| Jun 30, 2025 | 22.62 Mn |
| Mar 31, 2025 | 19.54 Mn |
| Dec 31, 2024 | 38.08 Mn |
| Sep 30, 2024 | 19.62 Mn |
| Jun 30, 2024 | 18.79 Mn |
| Mar 31, 2024 | 21.56 Mn |
| Dec 31, 2023 | 40.30 Mn |
| Sep 30, 2023 | 20.86 Mn |
| Jun 30, 2023 | 20.36 Mn |
| Mar 31, 2023 | 20.97 Mn |
| Dec 31, 2022 | 20.62 Mn |
| Sep 30, 2022 | 16.03 Mn |
| Jun 30, 2022 | 11.74 Mn |
| Mar 31, 2022 | 11.49 Mn |
| Dec 31, 2021 | 13.66 Mn |
| Sep 30, 2021 | 15.05 Mn |