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Mercantile Bank (MBWM) Research & Development: 2009-2024

Historic Research & Development for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $13.8 million.

  • Mercantile Bank's Research & Development rose 14.78% to $3.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was $14.9 million, marking a year-over-year increase of 17.87%. This contributed to the annual value of $13.8 million for FY2024, which is 18.54% up from last year.
  • Latest data reveals that Mercantile Bank reported Research & Development of $13.8 million as of FY2024, which was up 18.54% from $11.6 million recorded in FY2023.
  • Mercantile Bank's Research & Development's 5-year high stood at $13.8 million during FY2024, with a 5-year trough of $10.4 million in FY2020.
  • In the last 3 years, Mercantile Bank's Research & Development had a median value of $12.4 million in 2022 and averaged $12.6 million.
  • As far as peak fluctuations go, Mercantile Bank's Research & Development declined by 6.00% in 2023, and later increased by 18.54% in 2024.
  • Yearly analysis of 5 years shows Mercantile Bank's Research & Development stood at $10.4 million in 2020, then rose by 6.36% to $11.1 million in 2021, then grew by 11.30% to $12.4 million in 2022, then dropped by 6.00% to $11.6 million in 2023, then climbed by 18.54% to $13.8 million in 2024.