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Mercantile Bank (MBWM) Interest Expense - Debt: 2009-2024

Historic Interest Expense - Debt for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $13.0 million.

  • Mercantile Bank's Interest Expense - Debt fell 10.04% to $2.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was $11.8 million, marking a year-over-year decrease of 9.76%. This contributed to the annual value of $13.0 million for FY2024, which is 14.52% up from last year.
  • Latest data reveals that Mercantile Bank reported Interest Expense - Debt of $13.0 million as of FY2024, which was up 14.52% from $11.4 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Interest Expense - Debt ranged from a high of $13.0 million in FY2024 and a low of $7.1 million during FY2022.
  • For the 3-year period, Mercantile Bank's Interest Expense - Debt averaged around $10.5 million, with its median value being $11.4 million (2023).
  • Its Interest Expense - Debt has fluctuated over the past 5 years, first dropped by 12.87% in 2022, then soared by 59.54% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Expense - Debt (Yearly) stood at $8.6 million in 2020, then fell by 4.60% to $8.2 million in 2021, then decreased by 12.87% to $7.1 million in 2022, then surged by 59.54% to $11.4 million in 2023, then increased by 14.52% to $13.0 million in 2024.