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Mercantile Bank (MBWM) Research & Development (2016 - 2026)

Mercantile Bank (MBWM) has disclosed Research & Development for 11 consecutive years, with $4.4 million as the latest value for Q1 2026.

  • For Q1 2026, Research & Development rose 17.51% year-over-year to $4.4 million; the TTM value through Mar 2026 reached $15.9 million, up 11.79%, while the annual FY2025 figure was $15.3 million, 10.9% up from the prior year.
  • Research & Development hit $4.4 million in Q1 2026 for Mercantile Bank, 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.
  • Average Research & Development over 5 years is $3.4 million, with a median of $3.3 million recorded in 2024.
  • Year-over-year, Research & Development dropped 19.61% in 2023 and then skyrocketed 43.08% in 2024.
  • Mercantile Bank's Research & Development stood at $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, then increased by 11.93% to $4.4 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods came in at $4.4 million, $4.0 million, and $3.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.