Mercantile Bank (MBWM) Interest Expenses (2010 - 2026)

Mercantile Bank has reported Interest Expenses for 17 years, with the latest figure at $29.5 million in Q1 2026.

• For the quarter ending Q1 2026, Interest Expenses fell 7.12% year-over-year to $29.5 million; the trailing twelve-month figure through Mar 2026 stood at $126.9 million (down 4.49% YoY), and the FY2025 full-year result was $129.2 million, down 0.97% from the prior year.
• Interest Expenses for Q1 2026 stood at $29.5 million, down from $31.2 million in the prior quarter.
• The five-year high for Interest Expenses was $35.1 million in Q3 2024, with the low at $5.0 million in Q1 2022.
• Historically, Interest Expenses has averaged $23.0 million across 5 years, with a median of $29.4 million in 2024.
• Annual changes were most pronounced in 2023 — Interest Expenses jumped 285.75% — and 2025, when it dropped 8.46%.
• Mercantile Bank's Interest Expenses stood at $7.6 million in 2022, then jumped by 230.06% to $25.2 million in 2023, then jumped by 35.66% to $34.1 million in 2024, then slipped by 8.46% to $31.2 million in 2025, then fell by 5.49% to $29.5 million in 2026.
• The last three Interest Expenses figures came in at $29.5 million (Q1 2026), $31.2 million (Q4 2025), and $33.6 million (Q3 2025), per Business Quant data.