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

Mercantile Bank has reported Operating Expenses for 17 years, with the latest figure 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.
• The five-year high for Operating Expenses was $42.1 million in Q1 2026, with the low at $25.7 million in Q1 2022.
• Historically, Operating Expenses has averaged $31.0 million across 5 years, with a median of $29.9 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses fell 14.55% — and 2026, when it jumped 35.37%.
• Mercantile Bank's Operating Expenses 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 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.