Mercantile Bank (MBWM) Rent Expense (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Rent Expense of $2.3 million for Q2 2026, up 4.92% year-over-year from $2.2 million in Q2 2025, and down 6.42% on a QoQ basis from $2.4 million in Q1 2026.
Mercantile Bank (MBWM) Rent Expense (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Rent Expense for 17 years, with the latest figure at $2.3 million in Q2 2026.
- Rent Expense for Q2 2026 came in at $2.3 million, up 4.92% year-over-year; the trailing twelve-month figure through Jun 2026 was $8.9 million (up 6.04% YoY), and the FY2025 annual result was $8.5 million, down 1.53% from the prior year.
- Rent Expense slipped to $2.3 million in Q2 2026, from $2.4 million in the prior quarter.
- Over five years, Rent Expense peaked at $2.5 million in Q4 2023 and troughed at $2.0 million in Q4 2024.
- A 5-year average of $2.2 million and a median of $2.2 million in 2024 frame the typical range for Rent Expense.
- The widest annual swing landed in 2023, when Rent Expense advanced 14.9%; it then fell 21.14% in 2024.
- A 5-year view of Rent Expense shows it stood at $2.2 million in 2022, then advanced by 14.9% to $2.5 million in 2023, then decreased by 21.14% to $2.0 million in 2024, then climbed by 6.44% to $2.1 million in 2025, then climbed by 6.85% to $2.3 million in 2026.
- Per Business Quant data, the three most recent Rent Expense figures were $2.3 million in Q2 2026, $2.4 million in Q1 2026, and $2.1 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 154.00 Mn |
| 10 | Mercantile Bank | 1.03 Bn | 688.32 Mn | - | 2.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.26 Mn |
| Jun 30, 2026 | 2.26 Mn |
| Mar 31, 2026 | 2.42 Mn |
| Mar 31, 2026 | 2.42 Mn |
| Dec 31, 2025 | 2.12 Mn |
| Dec 31, 2025 | 2.12 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Jun 30, 2025 | 2.16 Mn |
| Jun 30, 2025 | 2.16 Mn |
| Mar 31, 2025 | 2.12 Mn |
| Mar 31, 2025 | 2.12 Mn |
| Dec 31, 2024 | 1.99 Mn |
| Dec 31, 2024 | 1.99 Mn |
| Sep 30, 2024 | 2.15 Mn |
| Sep 30, 2024 | 2.15 Mn |
| Jun 30, 2024 | 2.22 Mn |
| Jun 30, 2024 | 2.22 Mn |
| Mar 31, 2024 | 2.29 Mn |
| Mar 31, 2024 | 2.29 Mn |