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Mercantile Bank (MBWM) Research & Development: 2014-2025

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

  • Mercantile Bank's Research & Development rose 14.78% 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 17.87%. This contributed to the annual value of $13.8 million for FY2024, which is 18.54% up from last year.
  • Latest data reveals that Mercantile Bank reported Research & Development of $3.9 million as of Q3 2025, which was up 9.61% from $3.6 million recorded in Q2 2025.
  • Mercantile Bank's Research & Development's 5-year high stood at $3.9 million during Q3 2025, with a 5-year trough of $2.5 million in Q4 2023.
  • Over the past 3 years, Mercantile Bank's median Research & Development value was $3.4 million (recorded in 2024), while the average stood at $3.3 million.
  • In the last 5 years, Mercantile Bank's Research & Development fell by 19.61% in 2023 and then skyrocketed by 43.08% in 2024.
  • Quarterly analysis of 5 years shows Mercantile Bank's Research & Development stood at $3.0 million in 2021, then increased by 6.41% to $3.2 million in 2022, then dropped by 19.61% to $2.5 million in 2023, then skyrocketed by 43.08% to $3.6 million in 2024, then increased by 14.78% to $3.9 million in 2025.
  • Its Research & Development stands at $3.9 million for Q3 2025, versus $3.6 million for Q2 2025 and $3.8 million for Q1 2025.