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

Historic Financial Services Fees for Mercantile Bank (MBWM) over the last 5 years, with Dec 2024 value amounting to $3.2 million.

  • 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 $3.2 million for FY2024, which was down 18.65% from $3.9 million recorded in FY2023.
  • Mercantile Bank's 5-year Financial Services Fees high stood at $6.9 million for FY2021, and its period low was $932,000 during FY2020.
  • Over the past 3 years, Mercantile Bank's median Financial Services Fees value was $3.5 million (recorded in 2022), while the average stood at $3.5 million.
  • In the last 5 years, Mercantile Bank's Financial Services Fees spiked by 636.27% in 2021 and then crashed by 49.17% in 2022.
  • Mercantile Bank's Financial Services Fees (Yearly) stood at $932,000 in 2020, then surged by 636.27% to $6.9 million in 2021, then slumped by 49.17% to $3.5 million in 2022, then increased by 13.13% to $3.9 million in 2023, then decreased by 18.65% to $3.2 million in 2024.