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

Mercantile Bank's Interest Expenses history runs 17 years deep, the most recent figure standing at $40.7 million for Q1 2026.

• Quarterly Interest Expenses fell 23.97% year-over-year to $40.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $40.7 million (down 23.97% YoY) and the FY2025 annual result came in at $129.4 million, down 0.76% from the prior year.
• Interest Expenses was $40.7 million for Q1 2026 at Mercantile Bank, up from $31.5 million in the prior quarter.
• Across five years, Interest Expenses topped out at $93.2 million in Q3 2023 and bottomed at $7.6 million in Q4 2022.
• A 5-year average of $53.5 million and a median of $49.6 million in 2024 frame the typical range for Interest Expenses.
• Annual changes were most pronounced in 2022 — Interest Expenses jumped 1440.78% — and 2024, when it tumbled 46.82%.
• Mercantile Bank's Interest Expenses stood at $7.6 million in 2022, then soared by 282.48% to $29.1 million in 2023, then gained by 13.0% to $32.9 million in 2024, then dropped by 4.31% to $31.5 million in 2025, then climbed by 28.98% to $40.7 million in 2026.
• Business Quant data shows MBWM's Interest Expenses at $40.7 million in Q1 2026, $31.5 million in Q4 2025, and $41.0 million in Q3 2025.