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Mercantile Bank (MBWM) Interest Expense - Deposits (2016 - 2025)

Historic Interest Expense - Deposits for Mercantile Bank (MBWM) over the last 14 years, with Q3 2025 value amounting to $26.8 million.

  • Mercantile Bank's Interest Expense - Deposits fell 279.47% to $26.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $103.5 million, marking a year-over-year increase of 425.97%. This contributed to the annual value of $101.4 million for FY2024, which is 8287.82% up from last year.
  • Per Mercantile Bank's latest filing, its Interest Expense - Deposits stood at $26.8 million for Q3 2025, which was down 279.47% from $25.7 million recorded in Q2 2025.
  • Mercantile Bank's Interest Expense - Deposits' 5-year high stood at $27.6 million during Q3 2024, with a 5-year trough of $1.8 million in Q1 2022.
  • Over the past 5 years, Mercantile Bank's median Interest Expense - Deposits value was $12.4 million (recorded in 2023), while the average stood at $13.4 million.
  • In the last 5 years, Mercantile Bank's Interest Expense - Deposits crashed by 4145.66% in 2021 and then surged by 60217.49% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Expense - Deposits (Quarter) stood at $1.9 million in 2021, then surged by 116.39% to $4.0 million in 2022, then soared by 370.67% to $19.0 million in 2023, then surged by 41.33% to $26.9 million in 2024, then dropped by 0.21% to $26.8 million in 2025.
  • Its Interest Expense - Deposits was $26.8 million in Q3 2025, compared to $25.7 million in Q2 2025 and $25.2 million in Q1 2025.