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

Mercantile Bank has reported Interest Expense - Deposits for 17 years, with the latest figure at $23.1 million in Q2 2026.

• Interest Expense - Deposits for Q2 2026 came in at $23.1 million, down 10.05% year-over-year; the trailing twelve-month figure through Jun 2026 was $23.1 million (down 78.04% YoY), and the FY2025 annual result was $102.5 million, up 1.1% from the prior year.
• Interest Expense - Deposits was little changed at $23.1 million in Q2 2026, from $23.2 million in the prior quarter.
• Over five years, Interest Expense - Deposits peaked at $27.6 million in Q3 2024 and troughed at $1.8 million in Q1 2022.
• A 5-year average of $17.5 million and a median of $22.7 million in 2024 frame the typical range for Interest Expense - Deposits.
• The widest annual swing landed in 2022, when Interest Expense - Deposits sank 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 jumped by 370.67% to $19.0 million in 2023, then soared by 41.33% to $26.9 million in 2024, then retreated by 7.81% to $24.8 million in 2025, then slipped by 6.6% to $23.1 million in 2026.
• Per Business Quant data, the three most recent Interest Expense - Deposits figures were $23.1 million in Q2 2026, $23.2 million in Q1 2026, and $24.8 million in Q4 2025.