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| Date | Value |
|---|---|
| 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 |