Mercantile Bank (MBWM) Research & Development (2014 - 2026)
Mercantile Bank (MBWM) posted quarterly Research & Development of $4.6 million for Q2 2026, up 28.29% year-over-year from $3.6 million in Q2 2025, and up 4.22% on a QoQ basis from $4.4 million in Q1 2026.
Mercantile Bank (MBWM) Research & Development (2014 - 2026) Analysis & Trends
Mercantile Bank has reported Research & Development for 13 years, with the latest figure at $4.6 million in Q2 2026.
- Research & Development for Q2 2026 came in at $4.6 million, up 28.29% year-over-year; the trailing twelve-month figure through Jun 2026 was $17.0 million (up 17.41% YoY), and the FY2025 annual result was $15.3 million, up 10.9% from the prior year.
- Research & Development improved to $4.6 million in Q2 2026, from $4.4 million in the prior quarter.
- Over five years, Research & Development peaked at $4.6 million in Q2 2026 and troughed at $2.5 million in Q4 2023.
- A 5-year average of $3.4 million and a median of $3.4 million in 2024 frame the typical range for Research & Development.
- The widest annual swing landed in 2023, when Research & Development slipped 19.61%; it then soared 43.08% in 2024.
- A 5-year view of Research & Development shows it stood at $3.2 million in 2022, then decreased by 19.61% to $2.5 million in 2023, then soared by 43.08% to $3.6 million in 2024, then gained by 9.04% to $4.0 million in 2025, then increased by 16.65% to $4.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $4.6 million in Q2 2026, $4.4 million in Q1 2026, and $4.0 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.94 Bn | 84.74 Bn | - | - |
| 2 | Pnc Financial Services | 97.79 Bn | 97.79 Bn | - | - |
| 3 | Us Bancorp | 95.96 Bn | 95.96 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.90 Bn | -144.19 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.17 Bn | -81.15 Bn | - | - |
| 7 | Nu Holdings | 71.53 Bn | 57.84 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.56 Bn | 61.56 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.60 Bn | 25.88 Bn | - | 250.00 Mn |
| 10 | Mercantile Bank | 1.03 Bn | 687.24 Mn | - | 4.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.62 Mn |
| 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 |