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

Mercantile Bank's Tax Rate history spans 10 years, with the latest figure at 4.3% for Q4 2025.

  • For Q4 2025, Tax Rate fell 1291.0% year-over-year to 4.3%; the TTM value through Dec 2025 reached 12.23%, down 719.0%, while the annual FY2025 figure was 12.23%, 720.0% down from the prior year.
  • Tax Rate reached 4.3% in Q4 2025 per MBWM's latest filing, down from 13.42% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 28.62% in Q4 2023 to a low of 4.3% in Q4 2025.
  • Average Tax Rate over 5 years is 18.01%, with a median of 19.37% recorded in 2021.
  • Peak YoY movement for Tax Rate: soared 976bps in 2023, then crashed -1291bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 10.26% in 2021, then skyrocketed by 84bps to 18.86% in 2022, then skyrocketed by 52bps to 28.62% in 2023, then crashed by -40bps to 17.21% in 2024, then plummeted by -75bps to 4.3% in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Tax Rate are 4.3% (Q4 2025), 13.42% (Q3 2025), and 12.88% (Q2 2025).