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

Mercantile Bank's Research & Development history spans 10 years, with the latest figure at $4.0 million for Q4 2025.

  • For Q4 2025, Research & Development rose 9.04% year-over-year to $4.0 million; the TTM value through Dec 2025 reached $15.3 million, up 10.9%, while the annual FY2025 figure was $15.3 million, 10.9% up from the prior year.
  • Research & Development reached $4.0 million in Q4 2025 per MBWM's latest filing, roughly flat from $3.9 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $4.0 million in Q4 2025 to a low of $2.5 million in Q4 2023.
  • Average Research & Development over 5 years is $3.2 million, with a median of $3.1 million recorded in 2022.
  • Peak YoY movement for Research & Development: dropped 19.61% in 2023, then skyrocketed 43.08% in 2024.
  • A 5-year view of Research & Development shows it stood at $3.0 million in 2021, then rose by 6.41% to $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 rose by 9.04% to $4.0 million in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Research & Development are $4.0 million (Q4 2025), $3.9 million (Q3 2025), and $3.6 million (Q2 2025).