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Mercantile Bank (MBWM) Operating Expenses: 2009-2024

Historic Operating Expenses for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $125.8 million.

  • Mercantile Bank's Operating Expenses rose 7.58% to $34.8 million in Q3 2025 from the same period last year, while for Sep 2025 it was $133.0 million, marking a year-over-year increase of 9.12%. This contributed to the annual value of $125.8 million for FY2024, which is 9.11% up from last year.
  • Mercantile Bank's Operating Expenses amounted to $125.8 million in FY2024, which was up 9.11% from $115.3 million recorded in FY2023.
  • Mercantile Bank's Operating Expenses' 5-year high stood at $125.8 million during FY2024, with a 5-year trough of $98.5 million in FY2020.
  • Its 3-year average for Operating Expenses is $116.4 million, with a median of $115.3 million in 2023.
  • As far as peak fluctuations go, Mercantile Bank's Operating Expenses rose by 12.53% in 2021, and later decreased by 2.60% in 2022.
  • Over the past 5 years, Mercantile Bank's Operating Expenses (Yearly) stood at $98.5 million in 2020, then grew by 12.53% to $110.9 million in 2021, then dropped by 2.60% to $108.0 million in 2022, then climbed by 6.77% to $115.3 million in 2023, then climbed by 9.11% to $125.8 million in 2024.