Mercantile Bank (MBWM) Operating Expenses (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Operating Expenses of $39.4 million for Q2 2026, up 17.96% year-over-year from $33.4 million in Q2 2025, and down 6.49% on a QoQ basis from $42.1 million in Q1 2026.
Mercantile Bank (MBWM) Operating Expenses (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Operating Expenses for 17 years, with the latest figure at $39.4 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $39.4 million, up 17.96% year-over-year; the trailing twelve-month figure through Jun 2026 was $153.0 million (up 17.13% YoY), and the FY2025 annual result was $136.0 million, up 8.08% from the prior year.
- Operating Expenses slipped to $39.4 million in Q2 2026, from $42.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $42.1 million in Q1 2026 and troughed at $25.7 million in Q1 2022.
- A 5-year average of $31.5 million and a median of $29.9 million in 2023 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses slipped 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 climbed by 5.07% to $29.9 million in 2023, then gained by 12.91% to $33.8 million in 2024, then gained by 8.64% to $36.7 million in 2025, then increased by 7.21% to $39.4 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $39.4 million in Q2 2026, $42.1 million in Q1 2026, and $36.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.74 Bn | 84.54 Bn | - | - |
| 2 | Pnc Financial Services | 97.61 Bn | 97.61 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 95.97 Bn | 95.97 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.84 Bn | -144.25 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.04 Bn | -81.27 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.95 Bn | 57.27 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.57 Bn | 61.57 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.71 Bn | 25.99 Bn | - | 2.11 Bn |
| 10 | Mercantile Bank | 1.03 Bn | 690.40 Mn | - | 39.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.38 Mn |
| Mar 31, 2026 | 42.11 Mn |
| Dec 31, 2025 | 36.73 Mn |
| Sep 30, 2025 | 34.75 Mn |
| Jun 30, 2025 | 33.38 Mn |
| Mar 31, 2025 | 31.10 Mn |
| Dec 31, 2024 | 33.81 Mn |
| Sep 30, 2024 | 32.30 Mn |
| Jun 30, 2024 | 29.74 Mn |
| Mar 31, 2024 | 29.94 Mn |
| Dec 31, 2023 | 29.94 Mn |
| Sep 30, 2023 | 28.92 Mn |
| Jun 30, 2023 | 27.83 Mn |
| Mar 31, 2023 | 28.60 Mn |
| Dec 31, 2022 | 28.49 Mn |
| Sep 30, 2022 | 26.78 Mn |
| Jun 30, 2022 | 26.94 Mn |
| Mar 31, 2022 | 25.74 Mn |
| Dec 31, 2021 | 33.35 Mn |
| Sep 30, 2021 | 26.21 Mn |