Mercantile Bank (MBWM) Interest Expense - Debt (2010 - 2026)
Mercantile Bank's Interest Expense - Debt came in at $5.15 million for Q2 2026, down 11.1% from $5.8 million a year earlier but up 101.5% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Interest Expense - Debt (2010 - 2026) Analysis & Trends
For FY2025, Mercantile Bank's Interest Expense - Debt was $11.4 million, down 12.4% from FY2024.
- Interest Expense - Debt carries a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- Going back by year, Interest Expense - Debt was $13.02 million in FY2024 (+14.5%), $11.37 million in FY2023 (+59.5%), $7.13 million in FY2022 (-12.9%) and $8.18 million in FY2021 (-4.6%).
- The five-year range for quarterly Interest Expense - Debt is $1.6 million (Q4 2022) to $5.8 million (Q2 2025).
- Year-over-year, Interest Expense - Debt has declined for four consecutive quarters, with growth averaging 1.5% over the last eight quarters.
- The fastest year-over-year change in Interest Expense - Debt over five years came in Q4 2023 (growth of 103.9%), and the weakest in Q4 2022 (a decline of 21.4%).
- Business Quant data shows MBWM's Interest Expense - Debt at $2.56 million (Q1 2026), $2.72 million (Q4 2025) and $2.9 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 4.47 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 3.10 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 3.41 Bn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 2.62 Bn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 2.39 Bn |
| 10 | Mercantile Bank | 1.01 Bn | 1.01 Bn | - | 5.15 Mn |
Historic Data
Download Data
Historic 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 | 5.80 Mn |
| Mar 31, 2025 | 2.90 Mn |
| Dec 31, 2024 | 3.15 Mn |
| Sep 30, 2024 | 3.22 Mn |
| Jun 30, 2024 | 3.25 Mn |
| Mar 31, 2024 | 3.40 Mn |
| Dec 31, 2023 | 3.25 Mn |
| Sep 30, 2023 | 3.27 Mn |
| Jun 30, 2023 | 3.05 Mn |
| Mar 31, 2023 | 1.94 Mn |
| Dec 31, 2022 | 1.60 Mn |
| Sep 30, 2022 | 1.76 Mn |
| Jun 30, 2022 | 1.91 Mn |
| Mar 31, 2022 | 1.86 Mn |
| Dec 31, 2021 | 2.03 Mn |
| Sep 30, 2021 | 2.07 Mn |
API Access
Mercantile Bank Interest Expense - Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-debt&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();