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

Mercantile Bank's Operating Expenses history runs 17 years deep, the most recent figure standing at $42.1 million for Q1 2026.

• Quarterly Operating Expenses rose 35.37% year-over-year to $42.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $147.0 million (up 15.76% YoY) and the FY2025 annual result came in at $136.0 million, up 8.08% from the prior year.
• Operating Expenses was $42.1 million for Q1 2026 at Mercantile Bank, up from $36.7 million in the prior quarter.
• Across five years, Operating Expenses topped out at $42.1 million in Q1 2026 and bottomed at $25.7 million in Q1 2022.
• A 5-year average of $31.0 million and a median of $29.9 million in 2023 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses slipped 14.55% — and 2026, when it jumped 35.37%.
• Mercantile Bank's Operating Expenses stood at $28.5 million in 2022, then increased by 5.07% to $29.9 million in 2023, then climbed by 12.91% to $33.8 million in 2024, then climbed by 8.64% to $36.7 million in 2025, then gained by 14.65% to $42.1 million in 2026.
• Business Quant data shows MBWM's Operating Expenses at $42.1 million in Q1 2026, $36.7 million in Q4 2025, and $34.8 million in Q3 2025.