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

Mercantile Bank's Interest Expense - Deposits history runs 17 years deep, the most recent figure standing at $23.2 million for Q1 2026.

• Quarterly Interest Expense - Deposits fell 7.72% year-over-year to $23.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.2 million (down 7.72% YoY) and the FY2025 annual result came in at $102.5 million, up 1.1% from the prior year.
• Interest Expense - Deposits was $23.2 million for Q1 2026 at Mercantile Bank, 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.
• A 5-year average of $17.2 million and a median of $22.2 million in 2024 frame the typical range for Interest Expense - Deposits.
• Annual changes were most pronounced in 2022 — Interest Expense - Deposits sank 32.83% — and 2023, when it soared 602.17%.
• Mercantile Bank's Interest Expense - Deposits stood at $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 slipped by 7.81% to $24.8 million in 2025, then slipped by 6.17% to $23.2 million in 2026.
• Business Quant data shows MBWM's Interest Expense - Deposits at $23.2 million in Q1 2026, $24.8 million in Q4 2025, and $26.8 million in Q3 2025.