Mercantile Bank (MBWM) Capital Expenditures (2010 - 2026)

Mercantile Bank has reported Capital Expenditures for 17 years, with the latest figure at $938000.0 in Q1 2026.

• For the quarter ending Q1 2026, Capital Expenditures fell 38.97% year-over-year to $938000.0; the trailing twelve-month figure through Mar 2026 stood at $6.2 million (down 28.36% YoY), and the FY2025 full-year result was $6.8 million, down 20.7% from the prior year.
• Capital Expenditures for Q1 2026 stood at $938000.0, up from $227000.0 in the prior quarter.
• The five-year high for Capital Expenditures was $5.6 million in Q3 2024, with the low at $67000.0 in Q2 2022.
• Historically, Capital Expenditures has averaged $1.5 million across 5 years, with a median of $1.5 million in 2023.
• Annual changes were most pronounced in 2022 — Capital Expenditures slumped 96.57% — and 2023, when it soared 3141.79%.
• Mercantile Bank's Capital Expenditures stood at $851000.0 in 2022, then plunged by 35.84% to $546000.0 in 2023, then rose by 8.06% to $590000.0 in 2024, then tumbled by 61.53% to $227000.0 in 2025, then soared by 313.22% to $938000.0 in 2026.
• The last three Capital Expenditures figures came in at $938000.0 (Q1 2026), $227000.0 (Q4 2025), and $2.6 million (Q3 2025), per Business Quant data.