Mercantile Bank (MBWM) Profit After Tax (2010 - 2026)
Mercantile Bank (MBWM) posted Profit After Tax of $22.7 million for Q1 2026, down 0.68% on a QoQ basis from $22.8 million in Q4 2025, and up 16.11% year-over-year from $19.5 million in Q1 2025.
Mercantile Bank (MBWM) Profit After Tax (2010 - 2026) Analysis & Trends
Mercantile Bank's Profit After Tax history runs 17 years deep, the most recent figure standing at $22.7 million for Q1 2026.
- Quarterly Profit After Tax rose 16.11% year-over-year to $22.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $91.9 million (up 18.48% YoY) and the FY2025 annual result came in at $88.8 million, up 11.51% from the prior year.
- Profit After Tax was $22.7 million for Q1 2026 at Mercantile Bank, down from $22.8 million in the prior quarter.
- Across five years, Profit After Tax topped out at $23.8 million in Q3 2025 and bottomed at $11.5 million in Q1 2022.
- A 5-year average of $19.7 million and a median of $20.4 million in 2023 frame the typical range for Profit After Tax.
- Peak annual rise in Profit After Tax reached 87.33% in 2022, while the deepest fall reached 35.12% in 2022.
- Mercantile Bank's Profit After Tax stood at $21.8 million in 2022, then slipped by 8.13% to $20.0 million in 2023, then decreased by 2.02% to $19.6 million in 2024, then climbed by 16.38% to $22.8 million in 2025, then declined by 0.68% to $22.7 million in 2026.
- Business Quant data shows MBWM's Profit After Tax at $22.7 million in Q1 2026, $22.8 million in Q4 2025, and $23.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 820.91 Mn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | 1,112.26 |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 268,628.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 3.45 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 51.50 Bn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | 2.10 Bn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 4.33 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 5.07 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 1.77 Bn |
| 10 | Mercantile Bank | 985.63 Mn | 406.32 Mn | - | 22.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.69 Mn |
| Dec 31, 2025 | 22.84 Mn |
| Sep 30, 2025 | 23.76 Mn |
| Jun 30, 2025 | 22.62 Mn |
| Mar 31, 2025 | 19.54 Mn |
| Dec 31, 2024 | 19.63 Mn |
| Sep 30, 2024 | 19.62 Mn |
| Jun 30, 2024 | 18.79 Mn |
| Mar 31, 2024 | 21.56 Mn |
| Dec 31, 2023 | 20.03 Mn |
| Sep 30, 2023 | 20.86 Mn |
| Jun 30, 2023 | 20.36 Mn |
| Mar 31, 2023 | 20.97 Mn |
| Dec 31, 2022 | 21.80 Mn |
| Sep 30, 2022 | 16.03 Mn |
| Jun 30, 2022 | 11.74 Mn |
| Mar 31, 2022 | 11.49 Mn |
| Dec 31, 2021 | 11.64 Mn |
| Sep 30, 2021 | 15.05 Mn |
| Jun 30, 2021 | 18.09 Mn |