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Mercantile Bank (MBWM) Rent Expense (2016 - 2025)

Historic Rent Expense for Mercantile Bank (MBWM) over the last 14 years, with Q3 2025 value amounting to $2.1 million.

  • Mercantile Bank's Rent Expense fell 111.84% to $2.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $8.5 million, marking a year-over-year decrease of 366.2%. This contributed to the annual value of $8.6 million for FY2024, which is 554.1% down from last year.
  • Per Mercantile Bank's latest filing, its Rent Expense stood at $2.1 million for Q3 2025, which was down 111.84% from $2.2 million recorded in Q2 2025.
  • Mercantile Bank's Rent Expense's 5-year high stood at $2.5 million during Q4 2023, with a 5-year trough of $2.0 million in Q2 2021.
  • Moreover, its 5-year median value for Rent Expense was $2.1 million (2025), whereas its average is $2.1 million.
  • As far as peak fluctuations go, Mercantile Bank's Rent Expense skyrocketed by 1490.43% in 2023, and later tumbled by 2114.24% in 2024.
  • Quarter analysis of 5 years shows Mercantile Bank's Rent Expense stood at $2.1 million in 2021, then rose by 6.14% to $2.2 million in 2022, then increased by 14.9% to $2.5 million in 2023, then dropped by 21.14% to $2.0 million in 2024, then rose by 6.74% to $2.1 million in 2025.
  • Its last three reported values are $2.1 million in Q3 2025, $2.2 million for Q2 2025, and $2.1 million during Q1 2025.