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Accumulated Depreciation & AmortizationDepreciation ExpenseLong-Term Debt IssuancesOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Rent ExpenseRevenue (Gross)Wages, Salaries and Other
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Mercantile Bank (MBWM) Rent Expense (2016 - 2025)

Mercantile Bank's Rent Expense history spans 10 years, with the latest figure at $2.1 million for Q4 2025.

  • For Q4 2025, Rent Expense rose 6.44% year-over-year to $2.1 million; the TTM value through Dec 2025 reached $8.5 million, down 1.53%, while the annual FY2025 figure was $8.5 million, 1.53% down from the prior year.
  • Rent Expense reached $2.1 million in Q4 2025 per MBWM's latest filing, roughly flat from $2.1 million in the prior quarter.
  • In the past five years, Rent Expense ranged from a high of $2.5 million in Q4 2023 to a low of $2.0 million in Q2 2021.
  • Average Rent Expense over 5 years is $2.1 million, with a median of $2.1 million recorded in 2025.
  • Peak YoY movement for Rent Expense: rose 14.9% in 2023, then dropped 21.14% in 2024.
  • A 5-year view of Rent Expense shows it stood at $2.1 million in 2021, then increased by 6.14% to $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.
  • Per Business Quant, the three most recent readings for MBWM's Rent Expense are $2.1 million (Q4 2025), $2.1 million (Q3 2025), and $2.2 million (Q2 2025).