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Mercantile Bank (MBWM) Tax Rate: 2012-2025

Historic Tax Rate for Mercantile Bank (MBWM) over the last 13 years, with Sep 2025 value amounting to 13.42%.

  • Mercantile Bank's Tax Rate fell 669.00% 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 682.00%. This contributed to the annual value of 19.42% for FY2024, which is 250.00% down from last year.
  • As of Q3 2025, Mercantile Bank's Tax Rate stood at 13.42%, which was up 4.18% 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.
  • Moreover, its 3-year median value for Tax Rate was 19.75% (2023), whereas its average is 19.13%.
  • Its Tax Rate has fluctuated over the past 5 years, first tumbled by 2,097bps in 2021, then spiked by 473bps in 2023.
  • Mercantile Bank's Tax Rate (Quarterly) stood at 23.53% in 2021, then spiked by 37bps to 23.90% in 2022, then skyrocketed by 473bps to 28.62% in 2023, then plummeted by 1,141bps to 17.21% in 2024, then tumbled by 669bps to 13.42% in 2025.
  • Its Tax Rate stands at 13.42% for Q3 2025, versus 12.88% for Q2 2025 and 18.75% for Q1 2025.