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

Mercantile Bank's Rent Expense history runs 17 years deep, the most recent figure standing at $2.4 million for Q1 2026.

• Quarterly Rent Expense rose 14.07% year-over-year to $2.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.8 million (up 3.98% YoY) and the FY2025 annual result came in at $8.5 million, down 1.53% from the prior year.
• Rent Expense was $2.4 million for Q1 2026 at Mercantile Bank, 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.
• A 5-year average of $2.2 million and a median of $2.1 million in 2024 frame the typical range for Rent Expense.
• Annual changes were most pronounced in 2023 — Rent Expense advanced 14.9% — and 2024, when it fell 21.14%.
• Mercantile Bank's Rent Expense stood at $2.2 million in 2022, then grew by 14.9% to $2.5 million in 2023, then dropped by 21.14% to $2.0 million in 2024, then increased by 6.44% to $2.1 million in 2025, then advanced by 14.18% to $2.4 million in 2026.
• Business Quant data shows MBWM's Rent Expense at $2.4 million in Q1 2026, $2.1 million in Q4 2025, and $2.1 million in Q3 2025.