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Mercantile Bank (MBWM) Capital Expenditures: 2011-2024

Historic Capital Expenditures for Mercantile Bank (MBWM) over the last 14 years, with Dec 2024 value amounting to $8.5 million.

  • Mercantile Bank's Capital Expenditures fell 52.96% to $2.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $7.1 million, marking a year-over-year decrease of 16.01%. This contributed to the annual value of $8.5 million for FY2024, which is 27.56% up from last year.
  • Per Mercantile Bank's latest filing, its Capital Expenditures stood at $8.5 million for FY2024, which was up 27.56% from $6.7 million recorded in FY2023.
  • Mercantile Bank's Capital Expenditures' 5-year high stood at $9.0 million during FY2020, with a 5-year trough of $3.0 million in FY2022.
  • Its 3-year average for Capital Expenditures is $6.1 million, with a median of $6.7 million in 2023.
  • As far as peak fluctuations go, Mercantile Bank's Capital Expenditures slumped by 46.14% in 2022, and later surged by 121.64% in 2023.
  • Over the past 5 years, Mercantile Bank's Capital Expenditures (Yearly) stood at $9.0 million in 2020, then crashed by 37.68% to $5.6 million in 2021, then crashed by 46.14% to $3.0 million in 2022, then spiked by 121.64% to $6.7 million in 2023, then increased by 27.56% to $8.5 million in 2024.