Mercantile Bank Corp (MBWM) Tax Rate (2016 - 2026)
Mercantile Bank's Tax Rate was 16.85% in Q2 2026, up 3.97 percentage points from 12.88% a year earlier and unchanged from the prior quarter.
Powered by 
Analysis
Mercantile Bank Corp (MBWM) Tax Rate (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mercantile Bank's Tax Rate was 14.95% through Jun 30, 2026, down 1.81 percentage points year-over-year; for FY2025, it came in at 14.24%, down 4.78 percentage points from FY2024.
- Tax Rate shows a five-year change of -5.28 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 19.02% in FY2024 (-0.92 pp), 19.94% in FY2023 (+0.51 pp), 19.43% in FY2022 (-0.50 pp) and 19.93% in FY2021 (+0.41 pp).
- The Q2 2026 figure marks the highest quarterly Tax Rate since Q1 2025.
- Compared with a year earlier, Tax Rate was higher in two of the last eight quarters, with an average year-over-year change of -2.63 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q2 2026 (a gain of 3.97 percentage points); the worst was Q2 2025 (a drop of 7.23 percentage points).
- Per Business Quant data, MBWM's Tax Rate in the three quarters before Q2 2026 was 16.85% (Q1 2026), 12.31% (Q4 2025) and 13.42% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.85% |
| Mar 31, 2026 | 16.85% |
| Dec 31, 2025 | 12.31% |
| Sep 30, 2025 | 13.42% |
| Jun 30, 2025 | 12.88% |
| Mar 31, 2025 | 18.75% |
| Dec 31, 2024 | 15.50% |
| Sep 30, 2024 | 20.11% |
| Jun 30, 2024 | 20.11% |
| Mar 31, 2024 | 20.10% |
| Dec 31, 2023 | 20.54% |
| Sep 30, 2023 | 19.75% |
| Jun 30, 2023 | 19.75% |
| Mar 31, 2023 | 19.75% |
| Dec 31, 2022 | 18.86% |
| Sep 30, 2022 | 19.74% |
| Jun 30, 2022 | 19.75% |
| Mar 31, 2022 | 19.75% |
| Dec 31, 2021 | 23.53% |
| Sep 30, 2021 | 19.00% |
API Access
Mercantile Bank Corp Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();