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Mercantile Bank (MBWM) Interest Expense - Deposits (2016 - 2026)

Mercantile Bank (MBWM) has disclosed Interest Expense - Deposits for 11 consecutive years, with $23.2 million as the latest value for Q1 2026.

  • For Q1 2026, Interest Expense - Deposits fell 7.72% year-over-year to $23.2 million; the TTM value through Mar 2026 reached $23.2 million, down 77.72%, while the annual FY2025 figure was $102.5 million, 1.1% up from the prior year.
  • Interest Expense - Deposits hit $23.2 million in Q1 2026 for 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.
  • Average Interest Expense - Deposits over 5 years is $17.2 million, with a median of $22.2 million recorded in 2024.
  • Year-over-year, Interest Expense - Deposits tumbled 32.83% in 2022 and then skyrocketed 602.17% in 2023.
  • 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 fell by 7.81% to $24.8 million in 2025, then fell by 6.17% to $23.2 million in 2026.
  • According to Business Quant data, Interest Expense - Deposits over the past three periods came in at $23.2 million, $24.8 million, and $26.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.