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
DateValue
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