Mercantile Bank (MBWM) Interest Expense - Debt (2010 - 2026)

Mercantile Bank has reported Interest Expense - Debt for 17 years, with the latest figure at $1.5 million in Q1 2026.

• For the quarter ending Q1 2026, Interest Expense - Debt fell 16.11% year-over-year to $1.5 million; the trailing twelve-month figure through Mar 2026 stood at $4.1 million (up 135.22% YoY), and the FY2025 full-year result was $7.5 million, down 42.66% from the prior year.
• Interest Expense - Debt for Q1 2026 stood at $1.5 million, up from -$1.2 million in the prior quarter.
• The five-year high for Interest Expense - Debt was $9.3 million in Q4 2023, with the low at -$1.2 million in Q4 2025.
• Historically, Interest Expense - Debt has averaged $2.2 million across 5 years, with a median of $1.8 million in 2025.
• Annual changes were most pronounced in 2022 — Interest Expense - Debt surged 14425.0% — and 2025, when it tumbled 138.89%.
• Mercantile Bank's Interest Expense - Debt stood at $7.0 million in 2022, then jumped by 33.41% to $9.3 million in 2023, then tumbled by 66.13% to $3.2 million in 2024, then plunged by 138.89% to -$1.2 million in 2025, then soared by 220.73% to $1.5 million in 2026.
• The last three Interest Expense - Debt figures came in at $1.5 million (Q1 2026), -$1.2 million (Q4 2025), and $2.0 million (Q3 2025), per Business Quant data.