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Mercantile Bank (MBWM) Rent Expense: 2011-2025

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

  • Mercantile Bank's Rent Expense fell 1.12% to $2.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $8.4 million, marking a year-over-year decrease of 8.64%. This contributed to the annual value of $8.6 million for FY2024, which is 5.54% down from last year.
  • Per Mercantile Bank's latest filing, its Rent Expense stood at $2.1 million for Q3 2025, which was down 1.53% 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.
  • For the 3-year period, Mercantile Bank's Rent Expense averaged around $2.2 million, with its median value being $2.2 million (2025).
  • Per our database at Business Quant, Mercantile Bank's Rent Expense grew by 14.90% in 2023 and then decreased by 21.14% in 2024.
  • Quarterly analysis of 5 years shows Mercantile Bank's Rent Expense stood at $2.1 million in 2021, then climbed by 6.14% to $2.2 million in 2022, then rose by 14.90% to $2.5 million in 2023, then dropped by 21.14% to $2.0 million in 2024, then fell by 1.12% to $2.1 million in 2025.
  • Its Rent Expense was $2.1 million in Q3 2025, compared to $2.2 million in Q2 2025 and $2.1 million in Q1 2025.