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

Mercantile Bank (MBWM) has 17 years of Operating Expenses data on file, last reported at $42.1 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 35.37% year-over-year to $42.1 million; the trailing twelve-month figure through Mar 2026 stood at $147.0 million (up 15.76% YoY), and the FY2025 full-year result was $136.0 million, up 8.08% from the prior year.
• Operating Expenses for Q1 2026 stood at $42.1 million, 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.
• The 5-year median for Operating Expenses is $29.9 million (2023), against an average of $31.0 million.
• The widest annual swing landed in 2022, when Operating Expenses fell 14.55%; it then jumped 35.37% in 2026.
• A 5-year view of Operating Expenses shows it stood at $28.5 million in 2022, then grew by 5.07% to $29.9 million in 2023, then advanced by 12.91% to $33.8 million in 2024, then advanced by 8.64% to $36.7 million in 2025, then rose by 14.65% to $42.1 million in 2026.
• The last three Operating Expenses figures came in at $42.1 million (Q1 2026), $36.7 million (Q4 2025), and $34.8 million (Q3 2025), per Business Quant data.

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