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

Historic Financial Services Fees for Mercantile Bank (MBWM) over the last 4 years, with Dec 2024 value amounting to $716,000.

  • Mercantile Bank's Financial Services Fees fell 41.50% to $716,000 in Q4 2024 from the same period last year, while for Dec 2024 it was $3.2 million, marking a year-over-year decrease of 18.65%. This contributed to the annual value of $3.2 million for FY2024, which is 18.65% down from last year.
  • Per Mercantile Bank's latest filing, its Financial Services Fees stood at $716,000 for Q4 2024, which was up 84.06% from $389,000 recorded in Q3 2024.
  • Over the past 5 years, Mercantile Bank's Financial Services Fees peaked at $3.9 million during Q3 2021, and registered a low of $389,000 during Q3 2024.
  • Moreover, its 3-year median value for Financial Services Fees was $851,500 (2023), whereas its average is $887,000.
  • Over the last 5 years, Mercantile Bank's Financial Services Fees had its largest YoY gain of 106.89% in 2022, and its largest YoY loss of 85.63% in 2022.
  • Mercantile Bank's Financial Services Fees (Quarterly) stood at $932,000 in 2020, then fell by 16.74% to $776,000 in 2021, then skyrocketed by 47.04% to $1.1 million in 2022, then rose by 7.27% to $1.2 million in 2023, then crashed by 41.50% to $716,000 in 2024.
  • Its Financial Services Fees was $716,000 in Q4 2024, compared to $389,000 in Q3 2024 and $766,000 in Q2 2024.