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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 14.78%, marking a year-over-year decrease of 49900.0%. This contributed to the annual value of 19.42% for FY2024, which is 25000.0% down from last year.
  • As of Q3 2025, Mercantile Bank's Tax Rate stood at 13.42%, which was down 66900.0% from 12.88% recorded in Q2 2025.
  • Over the past 5 years, Mercantile Bank's Tax Rate peaked at 28.62% during Q4 2023, and registered a low of 12.88% during Q2 2025.
  • Over the past 5 years, Mercantile Bank's median Tax Rate value was 19.75% (recorded in 2023), while the average stood at 19.69%.
  • Its Tax Rate has fluctuated over the past 5 years, first tumbled by -209700bps in 2021, then surged by 47300bps in 2023.
  • Mercantile Bank's Tax Rate (Quarter) stood at 23.53% in 2021, then increased by 2bps to 23.9% in 2022, then increased by 20bps to 28.62% in 2023, then tumbled by -40bps to 17.21% in 2024, then decreased by -22bps to 13.42% in 2025.
  • Its last three reported values are 13.42% in Q3 2025, 12.88% for Q2 2025, and 18.75% during Q1 2025.