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Mercantile Bank (MBWM) Interest Expenses (2016 - 2026)

Mercantile Bank (MBWM) has disclosed Interest Expenses for 11 consecutive years, with $29.5 million as the latest value for Q1 2026.

  • For Q1 2026, Interest Expenses fell 7.12% year-over-year to $29.5 million; the TTM value through Mar 2026 reached $126.9 million, down 4.49%, while the annual FY2025 figure was $129.2 million, 0.97% down from the prior year.
  • Interest Expenses hit $29.5 million in Q1 2026 for Mercantile Bank, down from $31.2 million in the prior quarter.
  • Across five years, Interest Expenses topped out at $35.1 million in Q3 2024 and bottomed at $5.0 million in Q1 2022.
  • Average Interest Expenses over 5 years is $23.0 million, with a median of $29.4 million recorded in 2024.
  • Year-over-year, Interest Expenses surged 285.75% in 2023 and then decreased 8.46% in 2025.
  • Mercantile Bank's Interest Expenses stood at $7.6 million in 2022, then soared by 230.06% to $25.2 million in 2023, then soared by 35.66% to $34.1 million in 2024, then decreased by 8.46% to $31.2 million in 2025, then decreased by 5.49% to $29.5 million in 2026.
  • According to Business Quant data, Interest Expenses over the past three periods came in at $29.5 million, $31.2 million, and $33.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.