Mercantile Bank (MBWM) Research & Development (2014 - 2026)
Mercantile Bank (MBWM) posted Research & Development of $4.4 million for Q1 2026, up 11.93% on a QoQ basis from $4.0 million in Q4 2025, and up 17.51% year-over-year from $3.8 million in Q1 2025.
Mercantile Bank (MBWM) Research & Development (2014 - 2026) Analysis & Trends
Mercantile Bank's Research & Development history runs 13 years deep, the most recent figure standing at $4.4 million for Q1 2026.
- Quarterly Research & Development rose 17.51% year-over-year to $4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $15.9 million (up 11.79% YoY) and the FY2025 annual result came in at $15.3 million, up 10.9% from the prior year.
- Research & Development was $4.4 million for Q1 2026 at Mercantile Bank, up from $4.0 million in the prior quarter.
- Across five years, Research & Development topped out at $4.4 million in Q1 2026 and bottomed at $2.5 million in Q4 2023.
- A 5-year average of $3.4 million and a median of $3.3 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2023 — Research & Development slipped 19.61% — and 2024, when it soared 43.08%.
- Mercantile Bank's Research & Development stood at $3.2 million in 2022, then dropped by 19.61% to $2.5 million in 2023, then surged by 43.08% to $3.6 million in 2024, then climbed by 9.04% to $4.0 million in 2025, then advanced by 11.93% to $4.4 million in 2026.
- Business Quant data shows MBWM's Research & Development at $4.4 million in Q1 2026, $4.0 million in Q4 2025, and $3.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | - |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | - |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.10 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 554,000.00 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | - |
| 10 | Mercantile Bank | 985.63 Mn | 406.32 Mn | - | 4.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.43 Mn |
| Dec 31, 2025 | 3.96 Mn |
| Sep 30, 2025 | 3.95 Mn |
| Jun 30, 2025 | 3.60 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Dec 31, 2024 | 3.63 Mn |
| Sep 30, 2024 | 3.44 Mn |
| Jun 30, 2024 | 3.42 Mn |
| Mar 31, 2024 | 3.29 Mn |
| Dec 31, 2023 | 2.54 Mn |
| Sep 30, 2023 | 3.04 Mn |
| Jun 30, 2023 | 2.88 Mn |
| Mar 31, 2023 | 3.16 Mn |
| Dec 31, 2022 | 3.16 Mn |
| Sep 30, 2022 | 3.14 Mn |
| Jun 30, 2022 | 3.09 Mn |
| Mar 31, 2022 | 2.97 Mn |
| Dec 31, 2021 | 2.97 Mn |
| Sep 30, 2021 | 2.75 Mn |
| Jun 30, 2021 | 2.78 Mn |