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Mercantile Bank (MBWM) Operating Expenses (2016 - 2025)

Mercantile Bank's Operating Expenses history spans 10 years, with the latest figure at $36.7 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 8.64% year-over-year to $36.7 million; the TTM value through Dec 2025 reached $136.0 million, up 8.08%, while the annual FY2025 figure was $136.0 million, 8.08% up from the prior year.
  • Operating Expenses reached $36.7 million in Q4 2025 per MBWM's latest filing, up from $34.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $36.7 million in Q4 2025 to a low of $25.1 million in Q1 2021.
  • Average Operating Expenses over 5 years is $29.8 million, with a median of $29.3 million recorded in 2023.
  • Peak YoY movement for Operating Expenses: increased 28.55% in 2021, then dropped 14.55% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $33.3 million in 2021, then dropped by 14.55% to $28.5 million in 2022, then increased by 5.07% to $29.9 million in 2023, then rose by 12.91% to $33.8 million in 2024, then rose by 8.64% to $36.7 million in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Operating Expenses are $36.7 million (Q4 2025), $34.8 million (Q3 2025), and $33.4 million (Q2 2025).