Mercantile Bank (MBWM) Interest Expense - Debt (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Interest Expense - Debt of $5.2 million for Q2 2026, down 11.11% year-over-year from $5.8 million in Q2 2025, and up 101.53% on a QoQ basis from $2.6 million in Q1 2026.
Mercantile Bank (MBWM) Interest Expense - Debt (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Interest Expense - Debt for 17 years, with the latest figure at $5.2 million in Q2 2026.
- Interest Expense - Debt for Q2 2026 came in at $5.2 million, down 11.11% year-over-year; the trailing twelve-month figure through Jun 2026 was $5.2 million (down 11.11% YoY), and the FY2025 annual result was $11.4 million, down 12.4% from the prior year.
- Interest Expense - Debt rose to $5.2 million in Q2 2026, from $2.6 million in the prior quarter.
- Over five years, Interest Expense - Debt peaked at $5.8 million in Q2 2025 and troughed at $1.6 million in Q4 2022.
- A 5-year average of $3.0 million and a median of $3.0 million in 2023 frame the typical range for Interest Expense - Debt.
- The widest annual swing landed in 2022, when Interest Expense - Debt dropped 21.35%; it then surged 103.89% in 2023.
- A 5-year view of Interest Expense - Debt shows it stood at $1.6 million in 2022, then soared by 103.89% to $3.3 million in 2023, then declined by 3.14% to $3.2 million in 2024, then slipped by 13.81% to $2.7 million in 2025, then soared by 89.72% to $5.2 million in 2026.
- Per Business Quant data, the three most recent Interest Expense - Debt figures were $5.2 million in Q2 2026, $2.6 million in Q1 2026, and $2.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 905.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 658.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 485.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 228.00 Mn |
| 10 | Mercantile Bank | 1.03 Bn | 688.32 Mn | - | 5.15 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.15 Mn |
| Mar 31, 2026 | 2.56 Mn |
| Dec 31, 2025 | 2.72 Mn |
| Sep 30, 2025 | 2.90 Mn |
| Jun 30, 2025 | 2.90 Mn |
| Mar 31, 2025 | 2.90 Mn |
| Dec 31, 2024 | -1.58 Mn |
| Sep 30, 2024 | 2.10 Mn |
| Jun 30, 2024 | 3.25 Mn |
| Mar 31, 2024 | 1.65 Mn |
| Dec 31, 2023 | 40,000.00 |
| Sep 30, 2023 | 693,000.00 |
| Jun 30, 2023 | 3.05 Mn |
| Mar 31, 2023 | 459,000.00 |
| Dec 31, 2022 | 5.99 Mn |
| Sep 30, 2022 | 1.65 Mn |
| Jun 30, 2022 | 1.91 Mn |
| Mar 31, 2022 | 50,000.00 |
| Dec 31, 2021 | -5.98 Mn |
| Sep 30, 2021 | 2.07 Mn |