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Mercantile Bank (MBWM) Operating Expenses (2016 - 2026)

Mercantile Bank (MBWM) has disclosed Operating Expenses for 11 consecutive years, with $42.1 million as the latest value for Q1 2026.

  • For Q1 2026, Operating Expenses rose 35.37% year-over-year to $42.1 million; the TTM value through Mar 2026 reached $147.0 million, up 15.76%, while the annual FY2025 figure was $136.0 million, 8.08% up from the prior year.
  • Operating Expenses hit $42.1 million in Q1 2026 for 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.
  • Average Operating Expenses over 5 years is $31.0 million, with a median of $29.9 million recorded in 2023.
  • Year-over-year, Operating Expenses dropped 14.55% in 2022 and then surged 35.37% in 2026.
  • Mercantile Bank's Operating Expenses stood at $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, then grew by 14.65% to $42.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $42.1 million, $36.7 million, and $34.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.