Mercantile Bank (MBWM) Non-Interest Income: 2009-2024

Historic Non-Interest Income for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $40.4 million.

  • Mercantile Bank's Non-Interest Income rose 7.46% to $10.4 million in Q3 2025 from the same period last year, while for Sep 2025 it was $40.7 million, marking a year-over-year increase of 5.73%. This contributed to the annual value of $40.4 million for FY2024, which is 25.65% up from last year.
  • As of FY2024, Mercantile Bank's Non-Interest Income stood at $40.4 million, which was up 25.65% from $32.1 million recorded in FY2023.
  • Mercantile Bank's 5-year Non-Interest Income high stood at $56.2 million for FY2021, and its period low was $32.1 million during FY2022.
  • Moreover, its 3-year median value for Non-Interest Income was $32.1 million (2023), whereas its average is $34.9 million.
  • Per our database at Business Quant, Mercantile Bank's Non-Interest Income skyrocketed by 67.58% in 2020 and then slumped by 42.94% in 2022.
  • Over the past 5 years, Mercantile Bank's Non-Interest Income (Yearly) stood at $45.2 million in 2020, then rose by 24.46% to $56.2 million in 2021, then plummeted by 42.94% to $32.1 million in 2022, then climbed by 0.21% to $32.1 million in 2023, then rose by 25.65% to $40.4 million in 2024.