Mercantile Bank (MBWM) Financial Services Fees (2020 - 2024)

Mercantile Bank has reported Financial Services Fees for 5 years, with the latest figure at $716000.0 in Q4 2024.

• For the quarter ending Q4 2024, Financial Services Fees fell 41.5% year-over-year to $716000.0; the trailing twelve-month figure through Dec 2024 stood at $3.2 million (down 18.65% YoY), and the FY2024 full-year result was $3.2 million, down 18.65% from the prior year.
• Financial Services Fees for Q4 2024 stood at $716000.0, up from $389000.0 in the prior quarter.
• The five-year high for Financial Services Fees was $3.9 million in Q3 2021, with the low at $389000.0 in Q3 2024.
• Historically, Financial Services Fees has averaged $1.1 million across 5 years, with a median of $932000.0 in 2020.
• The largest YoY upside for Financial Services Fees was 106.89% in 2022 against a maximum downside of 85.63% in 2022.
• Mercantile Bank's Financial Services Fees stood at $932000.0 in 2020, then slipped by 16.74% to $776000.0 in 2021, then soared by 47.04% to $1.1 million in 2022, then climbed by 7.27% to $1.2 million in 2023, then tumbled by 41.5% to $716000.0 in 2024.
• The last three Financial Services Fees figures came in at $716000.0 (Q4 2024), $389000.0 (Q3 2024), and $766000.0 (Q2 2024), per Business Quant data.