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

Mercantile Bank has reported Research & Development for 13 years, with the latest figure 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.
• The five-year high for Research & Development was $4.4 million in Q1 2026, with the low at $2.5 million in Q4 2023.
• Historically, Research & Development has averaged $3.4 million across 5 years, with a median of $3.3 million in 2024.
• Annual changes were most pronounced in 2023 — Research & Development fell 19.61% — and 2024, when it soared 43.08%.
• Mercantile Bank's Research & Development 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 rose 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.