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Mercantile Bank (MBWM) Interest Expenses: 2009-2024

Historic Interest Expenses for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $130.4 million.

  • Mercantile Bank's Interest Expenses fell 4.21% to $33.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $132.0 million, marking a year-over-year increase of 8.72%. This contributed to the annual value of $130.4 million for FY2024, which is 67.60% up from last year.
  • Per Mercantile Bank's latest filing, its Interest Expenses stood at $130.4 million for FY2024, which was up 67.60% from $77.8 million recorded in FY2023.
  • Over the past 5 years, Mercantile Bank's Interest Expenses peaked at $130.4 million during FY2024, and registered a low of $19.4 million during FY2021.
  • Moreover, its 3-year median value for Interest Expenses was $77.8 million (2023), whereas its average is $77.3 million.
  • In the last 5 years, Mercantile Bank's Interest Expenses declined by 25.45% in 2021 and then surged by 229.79% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Expenses (Yearly) stood at $26.1 million in 2020, then dropped by 25.45% to $19.4 million in 2021, then increased by 21.42% to $23.6 million in 2022, then skyrocketed by 229.79% to $77.8 million in 2023, then spiked by 67.60% to $130.4 million in 2024.