Mercantile Bank (MBWM) Profit After Tax (2010 - 2026)
Mercantile Bank (MBWM) reported Profit After Tax of $25.93 million for Q2 2026, up 14.6% from $22.62 million a year earlier and up 14.3% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Profit After Tax (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mercantile Bank's Profit After Tax came in at $95.21 million, up 17.0% year-over-year; for FY2025, it came in at $88.75 million, up 11.5% from FY2024.
- Profit After Tax has a five-year compound annual growth rate of 15.0% (FY2020 to FY2025).
- By year, Profit After Tax came in at $79.59 million in FY2024 (-3.2%), $82.22 million in FY2023 (+34.6%), $61.06 million in FY2022 (+3.5%) and $59.02 million in FY2021 (+33.7%).
- The Q2 2026 figure ranks as the highest quarterly Profit After Tax in data going back to Q2 2010.
- Year over year, Profit After Tax has now increased in each of the last five quarters, with growth averaging 8.9% over the last eight quarters.
- The high point for year-over-year Profit After Tax in five years was Q4 2022 (growth of 87.3%); the low point was Q2 2022 (a decline of 35.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $22.69 million (Q1 2026), $22.84 million (Q4 2025) and $23.76 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 883.45 Bn | 912.92 Bn | - | 21.16 Bn |
| 2 | Banco Santander Chile | 401.52 Bn | 521.46 Bn | - | 330.90 Bn |
| 3 | Bank Of America | 377.43 Bn | -1,998.64 Bn | - | 9.07 Bn |
| 4 | Hsbc Holdings | 330.31 Bn | 330.37 Bn | - | - |
| 5 | Morgan Stanley | 299.17 Bn | -209.92 Bn | - | 5.65 Bn |
| 6 | Royal Bank Of Canada | 274.08 Bn | 124.82 Bn | - | 4.32 Bn |
| 7 | Mitsubishi Ufj Financial | 270.70 Bn | -1,317.79 Bn | 10.89 Bn | 5.85 Bn |
| 8 | Goldman Sachs | 263.13 Bn | -3,293.98 Bn | - | 6.63 Bn |
| 9 | Wells Fargo & Company | 243.64 Bn | 245.78 Bn | - | 6.65 Bn |
| 10 | Mercantile Bank | 1.03 Bn | 1.03 Bn | - | 25.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.93 Mn |
| 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 |
API Access
Mercantile Bank Profit After Tax 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=profit-after-tax&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "profit-after-tax", "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=profit-after-tax&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();