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Mercantile Bank (MBWM) Profit After Tax: 2009-2024

Historic Profit After Tax for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $79.6 million.

  • Mercantile Bank's Profit After Tax rose 21.10% to $23.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $85.5 million, marking a year-over-year increase of 6.93%. This contributed to the annual value of $79.6 million for FY2024, which is 3.19% down from last year.
  • According to the latest figures from FY2024, Mercantile Bank's Profit After Tax is $79.6 million, which was down 3.19% from $82.2 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Profit After Tax registered a high of $82.2 million during FY2023, and its lowest value of $44.1 million during FY2020.
  • Over the past 3 years, Mercantile Bank's median Profit After Tax value was $79.6 million (recorded in 2024), while the average stood at $74.3 million.
  • In the last 5 years, Mercantile Bank's Profit After Tax declined by 10.75% in 2020 and then spiked by 34.64% in 2023.
  • Yearly analysis of 5 years shows Mercantile Bank's Profit After Tax stood at $44.1 million in 2020, then soared by 33.72% to $59.0 million in 2021, then grew by 3.46% to $61.1 million in 2022, then spiked by 34.64% to $82.2 million in 2023, then dropped by 3.19% to $79.6 million in 2024.