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Mercantile Bank (MBWM) Research & Development (2016 - 2025)

Historic Research & Development for Mercantile Bank (MBWM) over the last 11 years, with Q3 2025 value amounting to $3.9 million.

  • Mercantile Bank's Research & Development rose 1478.03% to $3.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was $14.9 million, marking a year-over-year increase of 1787.35%. This contributed to the annual value of $13.8 million for FY2024, which is 1854.02% up from last year.
  • Per Mercantile Bank's latest filing, its Research & Development stood at $3.9 million for Q3 2025, which was up 1478.03% from $3.6 million recorded in Q2 2025.
  • In the past 5 years, Mercantile Bank's Research & Development registered a high of $3.9 million during Q3 2025, and its lowest value of $2.5 million during Q4 2023.
  • For the 5-year period, Mercantile Bank's Research & Development averaged around $3.2 million, with its median value being $3.1 million (2022).
  • Per our database at Business Quant, Mercantile Bank's Research & Development plummeted by 1961.34% in 2023 and then soared by 4308.24% in 2024.
  • Over the past 5 years, Mercantile Bank's Research & Development (Quarter) stood at $3.0 million in 2021, then rose by 6.41% to $3.2 million in 2022, then decreased by 19.61% to $2.5 million in 2023, then surged by 43.08% to $3.6 million in 2024, then grew by 8.68% to $3.9 million in 2025.
  • Its last three reported values are $3.9 million in Q3 2025, $3.6 million for Q2 2025, and $3.8 million during Q1 2025.