Company / Interest Expense
MERCANTILE BANK CORP Interest Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$201.0M
FY2025
5-year range
$19.4M / $201.0M
FY2021-FY2025
Trend
+5.2%
vs FY2024
Sector context
#157 of 265
Financials
What the data says
At $201M, MERCANTILE BANK CORP's interest expense ranks #109 of 265 in the Financials sector. Interest Expense has fluctuated over the past 10 years, ranging from $13M in FY2016 to $201M in FY2025.
Based on SEC 10-K filings.
$201M in FY2025 with a 5-year CAGR of +50.5%.
Increased from $194M to $201M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +8.3%
- 5-Year CAGR
- +50.5%
- 10-Year CAGR
- -
Sector benchmark
#109 of 265 in FinancialsTop 41% of 265This company $201.0M Sector average $974.7M
▼
-79.4% below sector average
Key checks
Key Insights
- 5-year CAGR of +50.5%, indicating consistent growth.
- In FY2025, interest expense increased 5.2% year-over-year.
- Ranks #157 out of 265 companies in the Financials sector.
- Lowest interest expense in the period was in FY2016.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $201.0M | +5.2% |
| FY2024 | $191.1M | -1.3% |
| FY2023 | $193.5M | +22.3% |
| FY2022 | $158.2M | +714.3% |
| FY2021 | $19.4M | -25.5% |
| FY2020 | $26.1M | -22.9% |
| FY2019 | $33.8M | +54.4% |
| FY2018 | $21.9M | +38.6% |
| FY2017 | $15.8M | +25.5% |
| FY2016 | $12.6M | +12.9% |
As of FY2025 · SEC 10-K Annual Filings · Updated Feb 28, 2026