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Mercantile Bank (MBWM) Tax Rate (2016 - 2025)

Historic Tax Rate for Mercantile Bank (MBWM) over the last 14 years, with Q3 2025 value amounting to 13.42%.

  • Mercantile Bank's Tax Rate fell 66900.0% to 13.42% in Q3 2025 from the same period last year, while for Sep 2025 it was 15.43%, marking a year-over-year decrease of 68200.0%. This contributed to the annual value of 19.42% for FY2024, which is 25000.0% down from last year.
  • Mercantile Bank's Tax Rate amounted to 13.42% in Q3 2025, which was down 66900.0% from 12.88% recorded in Q2 2025.
  • Mercantile Bank's 5-year Tax Rate high stood at 28.62% for Q4 2023, and its period low was 12.88% during Q2 2025.
  • In the last 5 years, Mercantile Bank's Tax Rate had a median value of 19.75% in 2023 and averaged 19.69%.
  • In the last 5 years, Mercantile Bank's Tax Rate crashed by -209700bps in 2021 and then soared by 47300bps in 2023.
  • Mercantile Bank's Tax Rate (Quarter) stood at 23.53% in 2021, then rose by 2bps to 23.9% in 2022, then rose by 20bps to 28.62% in 2023, then crashed by -40bps to 17.21% in 2024, then fell by -22bps to 13.42% in 2025.
  • Its Tax Rate was 13.42% in Q3 2025, compared to 12.88% in Q2 2025 and 18.75% in Q1 2025.