Mercantile Bank (MBWM) Tax Rate (2010 - 2026)
Mercantile Bank posted quarterly Tax Rate of 16.85% for Q1 2026, down 190.0% year-on-year from 18.72% in Q1 2025, and up 36.93% on a QoQ basis from 12.31% in Q4 2025.
Mercantile Bank (MBWM) has 17 years of Tax Rate data on file, last reported at 16.85% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 190.0% year-over-year to 16.85%; the trailing twelve-month figure through Mar 2026 stood at 13.89% (down 475.0% YoY), and the FY2025 full-year result was 14.24%, down 478.0% from the prior year.
- Tax Rate for Q1 2026 stood at 16.85%, up from 12.31% in the prior quarter.
- Across five years, Tax Rate topped out at 23.9% in Q4 2022 and bottomed at 12.31% in Q4 2025.
- The 5-year median for Tax Rate is 19.75% (2023), against an average of 18.41%.
- The widest annual swing landed in 2022, when Tax Rate surged 1364 bps; it then slumped 723 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 23.9% in 2022, then dropped by 14 bps to 20.54% in 2023, then slipped by 25 bps to 15.5% in 2024, then declined by 21 bps to 12.31% in 2025, then jumped by 37 bps to 16.85% in 2026.
- The last three Tax Rate figures came in at 16.85% (Q1 2026), 12.31% (Q4 2025), and 13.42% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 19.21 |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 19.83 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 28.76 |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 0.05 |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 18.98 |
| 10 | Mercantile Bank | 899.78 Mn | 301.62 Mn | - | 16.85 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.85 |
| Mar 31, 2026 | 16.85 |
| Dec 31, 2025 | 12.31 |
| Dec 31, 2025 | 12.31 |
| Sep 30, 2025 | 13.42 |
| Sep 30, 2025 | 13.42 |
| Jun 30, 2025 | 12.88 |
| Jun 30, 2025 | 12.88 |
| Mar 31, 2025 | 18.75 |
| Mar 31, 2025 | 18.75 |
| Dec 31, 2024 | 15.50 |
| Dec 31, 2024 | 15.50 |
| Sep 30, 2024 | 20.11 |
| Sep 30, 2024 | 20.11 |
| Jun 30, 2024 | 20.11 |
| Jun 30, 2024 | 20.11 |
| Mar 31, 2024 | 20.10 |
| Mar 31, 2024 | 20.10 |
| Dec 31, 2023 | 20.54 |
| Dec 31, 2023 | 20.54 |
| Sep 30, 2023 | 19.75 |
| Sep 30, 2023 | 19.75 |
| Jun 30, 2023 | 19.75 |
| Jun 30, 2023 | 19.75 |
| Mar 31, 2023 | 19.75 |
| Mar 31, 2023 | 19.75 |
| Dec 31, 2022 | 23.90 |
| Dec 31, 2022 | 23.90 |
| Sep 30, 2022 | 19.74 |
| Sep 30, 2022 | 19.74 |
| Jun 30, 2022 | 19.75 |
| Jun 30, 2022 | 19.75 |
| Mar 31, 2022 | 19.75 |
| Mar 31, 2022 | 19.75 |
| Dec 31, 2021 | 10.26 |
| Dec 31, 2021 | 10.26 |
| Sep 30, 2021 | 19.00 |
| Sep 30, 2021 | 19.00 |
| Jun 30, 2021 | 19.00 |
| Jun 30, 2021 | 19.00 |
| Mar 31, 2021 | 19.00 |
| Mar 31, 2021 | 19.00 |
| Dec 31, 2020 | 20.62 |
| Dec 31, 2020 | 20.62 |
| Sep 30, 2020 | 19.00 |
| Sep 30, 2020 | 19.00 |
| Jun 30, 2020 | 19.01 |
| Jun 30, 2020 | 19.01 |
| Mar 31, 2020 | 19.00 |
| Mar 31, 2020 | 19.00 |
| Dec 31, 2019 | 15.79 |
| Dec 31, 2019 | 15.79 |
| Sep 30, 2019 | 18.99 |
| Sep 30, 2019 | 18.99 |
| Jun 30, 2019 | 19.00 |
| Jun 30, 2019 | 19.00 |
| Mar 31, 2019 | 19.00 |
| Mar 31, 2019 | 19.00 |
| Dec 31, 2018 | 21.28 |
| Dec 31, 2018 | 21.28 |
| Sep 30, 2018 | 19.00 |
| Sep 30, 2018 | 19.00 |
| Jun 30, 2018 | 18.99 |
| Jun 30, 2018 | 18.99 |
| Mar 31, 2018 | 19.00 |
| Mar 31, 2018 | 19.00 |
| Dec 31, 2017 | 29.28 |
| Dec 31, 2017 | 29.28 |
| Sep 30, 2017 | 30.75 |
| Sep 30, 2017 | 30.75 |
| Jun 30, 2017 | 30.75 |
| Jun 30, 2017 | 30.75 |
| Mar 31, 2017 | 30.67 |
| Mar 31, 2017 | 30.67 |
| Dec 31, 2016 | 32.88 |
| Dec 31, 2016 | 32.88 |
| Sep 30, 2016 | 31.61 |
| Sep 30, 2016 | 31.61 |
| Jun 30, 2016 | 31.62 |
| Jun 30, 2016 | 31.62 |
| Mar 31, 2016 | 31.61 |
| Mar 31, 2016 | 31.61 |
| Dec 31, 2015 | 28.85 |
| Dec 31, 2015 | 28.85 |
| Sep 30, 2015 | 31.50 |
| Sep 30, 2015 | 31.50 |
| Jun 30, 2015 | 29.57 |
| Jun 30, 2015 | 29.57 |
| Mar 31, 2015 | 31.50 |
| Mar 31, 2015 | 31.50 |
| Dec 31, 2014 | 29.37 |
| Dec 31, 2014 | 29.37 |
| Sep 30, 2014 | 30.42 |
| Sep 30, 2014 | 30.42 |
| Jun 30, 2014 | 39.03 |
| Jun 30, 2014 | 39.03 |
| Mar 31, 2014 | 31.98 |
| Mar 31, 2014 | 31.98 |
| Dec 31, 2013 | 32.96 |
| Dec 31, 2013 | 32.96 |
| Sep 30, 2013 | 36.70 |
| Sep 30, 2013 | 36.70 |
| Jun 30, 2013 | 30.41 |
| Jun 30, 2013 | 30.41 |
| Mar 31, 2013 | 29.00 |
| Mar 31, 2013 | 29.00 |
| Dec 31, 2012 | 29.43 |
| Dec 31, 2012 | 29.43 |
| Sep 30, 2012 | 32.16 |
| Sep 30, 2012 | 32.16 |
| Jun 30, 2012 | 31.74 |
| Jun 30, 2012 | 31.74 |
| Mar 31, 2012 | 30.59 |
| Mar 31, 2012 | 30.59 |
| Dec 31, 2011 | 925.05 |
| Dec 31, 2011 | 925.05 |
| Dec 31, 2010 | -65.65 |
| Dec 31, 2010 | -65.65 |
| Sep 30, 2010 | 11.82 |
| Sep 30, 2010 | 11.82 |
| Jun 30, 2010 | 70.37 |
| Jun 30, 2010 | 70.37 |