Mercantile Bank (MBWM) Interest Expense - Deposits (2009 - 2026)
Mercantile Bank (MBWM) reported Interest Expense - Deposits of $23.12 million for Q3 2026, down 13.8% from $26.82 million a year earlier and down 0.1% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Interest Expense - Deposits (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Mercantile Bank's Interest Expense - Deposits came in at $94.28 million, down 9.9% year-over-year; for FY2025, it came in at $102.51 million, up 1.1% from FY2024.
- Interest Expense - Deposits has increased for four consecutive years, with a five-year compound annual growth rate of 46.9% (FY2020 to FY2025).
- By year, Interest Expense - Deposits came in at $101.4 million in FY2024 (+82.9%), $55.44 million in FY2023 (+452.4%), $10.04 million in FY2022 (+10.1%) and $9.11 million in FY2021 (-39.2%).
- The Q3 2026 figure ranks as the lowest quarterly Interest Expense - Deposits since Q1 2024.
- Year over year, Interest Expense - Deposits has now declined in each of the last five quarters, with growth averaging 2.1% over the last eight quarters.
- The high point for year-over-year Interest Expense - Deposits in five years was Q3 2023 (growth of 602.2%); the low point was Q4 2021 (a decline of 41.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $23.14 million (Q2 2026), $23.25 million (Q1 2026) and $24.78 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 11.40 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 7.61 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 3.09 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 7.85 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 5.09 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 5.85 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 3.48 Bn |
| 10 | Mercantile Bank | 1.06 Bn | -4.34 Bn | - | 23.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.12 Mn |
| Jun 30, 2026 | 23.14 Mn |
| Mar 31, 2026 | 23.25 Mn |
| Dec 31, 2025 | 24.78 Mn |
| Sep 30, 2025 | 26.82 Mn |
| Jun 30, 2025 | 25.73 Mn |
| Mar 31, 2025 | 25.19 Mn |
| Dec 31, 2024 | 26.87 Mn |
| Sep 30, 2024 | 27.59 Mn |
| Jun 30, 2024 | 24.71 Mn |
| Mar 31, 2024 | 22.22 Mn |
| Dec 31, 2023 | 19.02 Mn |
| Sep 30, 2023 | 16.14 Mn |
| Jun 30, 2023 | 12.38 Mn |
| Mar 31, 2023 | 7.91 Mn |
| Dec 31, 2022 | 4.04 Mn |
| Sep 30, 2022 | 2.30 Mn |
| Jun 30, 2022 | 1.87 Mn |
| Mar 31, 2022 | 1.83 Mn |
| Dec 31, 2021 | 1.87 Mn |
API Access
Mercantile Bank Interest Expense - Deposits API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense-deposits&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense-deposits&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();