Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Amortization - IntangiblesConsolidated Net IncomeDepreciation & Amortization - TotalEBITEBTEPS (Basic)EPS (Weighted Average and Diluted)Financial Services FeesIncome from Continuing OperationsIncome towards Parent CompanyInterest Expense - DebtInterest Expense - DepositsInterest ExpensesInterest Income - Debt SecuritiesInterest Income - DepositsInterest Income - NetInterest Income - TotalInterest income - LoansInvestment Banking IncomeMortgage BankingNet Income towards Common StockholdersNon-Interest IncomeOperating ExpensesOther Non-Interest IncomeOther Operating ExpensesProfit After TaxProvisionsRent ExpenseResearch & DevelopmentRestructuring CostsRevenueShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateWages, Salaries and Other
Others
Ratios

Mercantile Bank (MBWM) Interest Expense - Deposits: 2009-2024

Historic Interest Expense - Deposits for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $101.4 million.

  • Mercantile Bank's Interest Expense - Deposits fell 2.79% to $26.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $104.6 million, marking a year-over-year increase of 11.83%. This contributed to the annual value of $101.4 million for FY2024, which is 82.88% up from last year.
  • Per Mercantile Bank's latest filing, its Interest Expense - Deposits stood at $101.4 million for FY2024, which was up 82.88% from $55.4 million recorded in FY2023.
  • Over the past 5 years, Mercantile Bank's Interest Expense - Deposits peaked at $101.4 million during FY2024, and registered a low of $9.1 million during FY2021.
  • For the 3-year period, Mercantile Bank's Interest Expense - Deposits averaged around $55.6 million, with its median value being $55.4 million (2023).
  • In the last 5 years, Mercantile Bank's Interest Expense - Deposits slumped by 39.18% in 2021 and then spiked by 452.40% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Expense - Deposits (Yearly) stood at $15.0 million in 2020, then crashed by 39.18% to $9.1 million in 2021, then climbed by 10.13% to $10.0 million in 2022, then spiked by 452.40% to $55.4 million in 2023, then surged by 82.88% to $101.4 million in 2024.