Mercantile Bank (MBWM) Tax Provisions (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Tax Provisions of $5.3 million for Q2 2026, up 57.12% year-over-year from $3.3 million in Q2 2025, and up 14.29% on a QoQ basis from $4.6 million in Q1 2026.
Mercantile Bank (MBWM) Tax Provisions (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Tax Provisions for 17 years, with the latest figure at $5.3 million in Q2 2026.
- Tax Provisions for Q2 2026 came in at $5.3 million, up 57.12% year-over-year; the trailing twelve-month figure through Jun 2026 was $23.7 million (up 29.41% YoY), and the FY2025 annual result was $21.7 million, up 5.3% from the prior year.
- Tax Provisions grew to $5.3 million in Q2 2026, from $4.6 million in the prior quarter.
- Over five years, Tax Provisions peaked at $10.2 million in Q4 2025 and troughed at $2.8 million in Q1 2022.
- A 5-year average of $5.0 million and a median of $5.0 million in 2023 frame the typical range for Tax Provisions.
- The widest annual swing landed in 2022, when Tax Provisions tumbled 31.95%; it then soared 83.83% in 2025.
- A 5-year view of Tax Provisions shows it stood at $6.4 million in 2022, then climbed by 12.37% to $7.2 million in 2023, then slipped by 23.1% to $5.5 million in 2024, then soared by 83.83% to $10.2 million in 2025, then tumbled by 48.49% to $5.3 million in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $5.3 million in Q2 2026, $4.6 million in Q1 2026, and $10.2 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 531.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 537.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -939.17 Mn |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -821.11 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | 1.12 Bn |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | -175.22 Mn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 262.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 235.00 Mn |
| 10 | Mercantile Bank | 1.03 Bn | 688.32 Mn | - | 5.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.25 Mn |
| 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 |