Mercantile Bank (MBWM) Tax Provisions (2010 - 2026)

Mercantile Bank (MBWM) posted Tax Provisions of $4.6 million for Q1 2026, down 54.93% on a QoQ basis from $10.2 million in Q4 2025, and up 1.95% year-over-year from $4.5 million in Q1 2025.

Mercantile Bank (MBWM) Tax Provisions (2010 - 2026) Analysis & Trends

Mercantile Bank's Tax Provisions history runs 17 years deep, the most recent figure standing at $4.6 million for Q1 2026.

  • Quarterly Tax Provisions rose 1.95% year-over-year to $4.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $21.8 million (up 3337.69% YoY) and the FY2025 annual result came in at $21.7 million, up 8918.26% from the prior year.
  • Tax Provisions was $4.6 million for Q1 2026 at Mercantile Bank, down from $10.2 million in the prior quarter.
  • Across five years, Tax Provisions topped out at $10.2 million in Q4 2025 and bottomed at -$15.1 million in Q4 2023.
  • A 5-year average of $2.5 million and a median of $4.6 million in 2026 frame the typical range for Tax Provisions.
  • Annual changes were most pronounced in 2022 — Tax Provisions soared 300.77% — and 2023, when it plunged 341.21%.
  • Mercantile Bank's Tax Provisions stood at $6.3 million in 2022, then plunged by 341.21% to -$15.1 million in 2023, then gained by 1.58% to -$14.9 million in 2024, then jumped by 168.68% to $10.2 million in 2025, then plunged by 54.93% to $4.6 million in 2026.
  • Business Quant data shows MBWM's Tax Provisions at $4.6 million in Q1 2026, $10.2 million in Q4 2025, and $3.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 422,877.20
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - 385.94 Mn
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 -78,154.00
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn -709.14 Mn
5 Mizuho Financial 385.64 Bn 389.59 Bn - 75.02 Mn
6 Lloyds Banking 358.14 Bn 358.14 Bn - -633.64 Mn
7 First Capital 200.03 Bn 199.69 Bn - 1.03 Mn
8 Landmark Bancorp 187.97 Bn 187.94 Bn - 1.25 Mn
9 Pnc Financial Services 100.96 Bn 101.01 Bn - 415.00 Mn
10 Mercantile Bank 985.63 Mn 406.32 Mn - 4.60 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 4.60 Mn
Dec 31, 2025 10.20 Mn
Sep 30, 2025 3.68 Mn
Jun 30, 2025 3.34 Mn
Mar 31, 2025 4.51 Mn
Dec 31, 2024 -14.85 Mn
Sep 30, 2024 4.94 Mn
Jun 30, 2024 4.73 Mn
Mar 31, 2024 5.42 Mn
Dec 31, 2023 -15.09 Mn
Sep 30, 2023 5.13 Mn
Jun 30, 2023 5.01 Mn
Mar 31, 2023 5.16 Mn
Dec 31, 2022 6.26 Mn
Sep 30, 2022 3.94 Mn
Jun 30, 2022 2.89 Mn
Mar 31, 2022 2.83 Mn
Dec 31, 2021 1.56 Mn
Sep 30, 2021 3.53 Mn
Jun 30, 2021 4.24 Mn