Mercantile Bank (MBWM) Research & Development (2014 - 2026)

Mercantile Bank (MBWM) has 13 years of Research & Development data on file, last reported at $4.4 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development rose 17.51% year-over-year to $4.4 million; the trailing twelve-month figure through Mar 2026 stood at $15.9 million (up 11.79% YoY), and the FY2025 full-year result was $15.3 million, up 10.9% from the prior year.
• Research & Development for Q1 2026 stood at $4.4 million, 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.
• The 5-year median for Research & Development is $3.3 million (2024), against an average of $3.4 million.
• The widest annual swing landed in 2023, when Research & Development fell 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 slipped by 19.61% to $2.5 million in 2023, then jumped by 43.08% to $3.6 million in 2024, then advanced by 9.04% to $4.0 million in 2025, then gained by 11.93% to $4.4 million in 2026.
• The last three Research & Development figures came in at $4.4 million (Q1 2026), $4.0 million (Q4 2025), and $3.9 million (Q3 2025), per Business Quant data.

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