Mercantile Bank (MBWM) Rent Expense (2010 - 2026)
Mercantile Bank (MBWM) recorded Rent Expense of $2.26 million in Q2 2026, up 4.9% from $2.16 million a year earlier but down 6.4% from the prior quarter.
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Analysis
Mercantile Bank (MBWM) Rent Expense (2010 - 2026) Analysis & Trends
On a TTM basis, Mercantile Bank's Rent Expense came in at $8.92 million as of Jun 30, 2026, up 6.0% year-over-year; for FY2025, it was $8.51 million, down 1.5% from FY2024.
- Annual Rent Expense has a five-year compound annual growth rate of 1.4% (FY2020 to FY2025).
- Across earlier years, Rent Expense came in at $8.64 million in FY2024 (-5.5%), $9.15 million in FY2023 (+9.4%), $8.36 million in FY2022 (+3.4%) and $8.09 million in FY2021 (+1.7%).
- Quarterly Rent Expense has ranged from $1.99 million in Q4 2024 to $2.52 million in Q4 2023 over the past five years.
- On a year-over-year basis, Rent Expense has increased for three consecutive quarters, with an average decline of 1.4% over the last eight quarters.
- Peak year-over-year performance for Rent Expense in the last five years was growth of 14.9% in Q4 2023, against a decline of 21.1% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.42 million (Q1 2026), $2.12 million (Q4 2025) and $2.12 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 1.48 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 1.91 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 482.00 Mn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 316.29 Mn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 244.00 Mn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 803.00 Mn |
| 10 | Mercantile Bank | 1.01 Bn | 1.01 Bn | - | 2.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.26 Mn |
| Mar 31, 2026 | 2.42 Mn |
| Dec 31, 2025 | 2.12 Mn |
| Sep 30, 2025 | 2.12 Mn |
| Jun 30, 2025 | 2.16 Mn |
| Mar 31, 2025 | 2.12 Mn |
| Dec 31, 2024 | 1.99 Mn |
| Sep 30, 2024 | 2.15 Mn |
| Jun 30, 2024 | 2.22 Mn |
| Mar 31, 2024 | 2.29 Mn |
| Dec 31, 2023 | 2.52 Mn |
| Sep 30, 2023 | 2.24 Mn |
| Jun 30, 2023 | 2.10 Mn |
| Mar 31, 2023 | 2.29 Mn |
| Dec 31, 2022 | 2.19 Mn |
| Sep 30, 2022 | 2.00 Mn |
| Jun 30, 2022 | 2.08 Mn |
| Mar 31, 2022 | 2.10 Mn |
| Dec 31, 2021 | 2.07 Mn |
| Sep 30, 2021 | 2.03 Mn |
API Access
Mercantile Bank Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();