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Mercantile Bank (MBWM) Depreciation Expense: 2011-2025

Historic Depreciation Expense for Mercantile Bank (MBWM) over the last 14 years, with Sep 2025 value amounting to $846,000.

  • Mercantile Bank's Depreciation Expense fell 9.81% to $846,000 in Q3 2025 from the same period last year, while for Sep 2025 it was $3.4 million, marking a year-over-year decrease of 7.51%. This contributed to the annual value of $3.7 million for FY2024, which is 7.27% up from last year.
  • Per Mercantile Bank's latest filing, its Depreciation Expense stood at $846,000 for Q3 2025, which was up 2.42% from $826,000 recorded in Q2 2025.
  • Mercantile Bank's 5-year Depreciation Expense high stood at $953,000 for Q3 2022, and its period low was $787,000 during Q1 2025.
  • In the last 3 years, Mercantile Bank's Depreciation Expense had a median value of $878,000 in 2023 and averaged $876,273.
  • Its Depreciation Expense has fluctuated over the past 5 years, first climbed by 14.27% in 2021, then decreased by 15.29% in 2022.
  • Over the past 5 years, Mercantile Bank's Depreciation Expense (Quarterly) stood at $935,000 in 2021, then fell by 15.29% to $792,000 in 2022, then climbed by 9.85% to $870,000 in 2023, then increased by 6.44% to $926,000 in 2024, then declined by 9.81% to $846,000 in 2025.
  • Its Depreciation Expense stands at $846,000 for Q3 2025, versus $826,000 for Q2 2025 and $787,000 for Q1 2025.