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

Mercantile Bank (MBWM) has 17 years of Interest Expense - Deposits data on file, last reported at $23.2 million in Q1 2026.

• For the quarter ending Q1 2026, Interest Expense - Deposits fell 7.72% year-over-year to $23.2 million; the trailing twelve-month figure through Mar 2026 stood at $23.2 million (down 7.72% YoY), and the FY2025 full-year result was $102.5 million, up 1.1% from the prior year.
• Interest Expense - Deposits for Q1 2026 stood at $23.2 million, down from $24.8 million in the prior quarter.
• Across five years, Interest Expense - Deposits topped out at $27.6 million in Q3 2024 and bottomed at $1.8 million in Q1 2022.
• The 5-year median for Interest Expense - Deposits is $22.2 million (2024), against an average of $17.2 million.
• The widest annual swing landed in 2022, when Interest Expense - Deposits plunged 32.83%; it then soared 602.17% in 2023.
• A 5-year view of Interest Expense - Deposits shows it stood at $4.0 million in 2022, then surged by 370.67% to $19.0 million in 2023, then jumped by 41.33% to $26.9 million in 2024, then decreased by 7.81% to $24.8 million in 2025, then decreased by 6.17% to $23.2 million in 2026.
• The last three Interest Expense - Deposits figures came in at $23.2 million (Q1 2026), $24.8 million (Q4 2025), and $26.8 million (Q3 2025), per Business Quant data.

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