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Mercantile Bank (MBWM) Rent Expense: 2009-2024

Historic Rent Expense for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $8.6 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.
  • According to the latest figures from FY2024, Mercantile Bank's Rent Expense is $8.6 million, which was down 5.54% from $9.2 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Rent Expense ranged from a high of $9.2 million in FY2023 and a low of $8.0 million during FY2020.
  • Moreover, its 3-year median value for Rent Expense was $8.6 million (2024), whereas its average is $8.7 million.
  • Its Rent Expense has fluctuated over the past 5 years, first increased by 12.59% in 2020, then fell by 5.54% in 2024.
  • Mercantile Bank's Rent Expense (Yearly) stood at $8.0 million in 2020, then rose by 1.74% to $8.1 million in 2021, then grew by 3.39% to $8.4 million in 2022, then grew by 9.42% to $9.2 million in 2023, then fell by 5.54% to $8.6 million in 2024.