Mercantile Bank (MBWM) Rent Expense (2010 - 2026)

Mercantile Bank (MBWM) has 17 years of Rent Expense data on file, last reported at $2.4 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 14.07% year-over-year to $2.4 million; the trailing twelve-month figure through Mar 2026 stood at $8.8 million (up 3.98% YoY), and the FY2025 full-year result was $8.5 million, down 1.53% from the prior year.
• Rent Expense for Q1 2026 stood at $2.4 million, up from $2.1 million in the prior quarter.
• Across five years, Rent Expense topped out at $2.5 million in Q4 2023 and bottomed at $2.0 million in Q4 2024.
• The 5-year median for Rent Expense is $2.1 million (2024), against an average of $2.2 million.
• The widest annual swing landed in 2023, when Rent Expense increased 14.9%; it then slipped 21.14% in 2024.
• A 5-year view of Rent Expense shows it stood at $2.2 million in 2022, then climbed by 14.9% to $2.5 million in 2023, then slipped by 21.14% to $2.0 million in 2024, then grew by 6.44% to $2.1 million in 2025, then gained by 14.18% to $2.4 million in 2026.
• The last three Rent Expense figures came in at $2.4 million (Q1 2026), $2.1 million (Q4 2025), and $2.1 million (Q3 2025), per Business Quant data.

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