Company / Interest Expense per Share
MERCANTILE BANK CORP Interest Expense per Share History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense per Share
$11.85
FY2024
5-year range
$1.22 / $12.08
FY2020-FY2024
Trend
-2.0%
vs FY2023
Sector context
#50 of 260
Financials
What the data says
MERCANTILE BANK CORP's interest expense per share of $11.85 is higher than 81% of companies in the Financials sector (FY2024). Interest Expense per Share has fluctuated over the past 9 years, ranging from $0.77 in FY2016 to $12.08 in FY2023.
Based on SEC 10-K filings.
11.85 in FY2024 with a 5-year CAGR of +41.9%. Top quartile in the Financials sector.
Increased from $9.98 to $11.85 over the past 2 years.
Financials sector context is included.
Interest Expense per Share over time
Growth rates
- 3-Year CAGR
- +113.6%
- 5-Year CAGR
- +41.9%
- 10-Year CAGR
- -
Sector benchmark
+15.9% above sector average
Key checks
Key Insights
- In FY2024, interest expense per share decreased 2.0% year-over-year.
- Ranks #50 out of 260 companies in the Financials sector.
- Peak interest expense per share was recorded in FY2023.
- Lowest interest expense per share 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 Expense per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $11.85 | -2.0% |
| FY2023 | $12.08 | +21.1% |
| FY2022 | $9.98 | +720.9% |
| FY2021 | $1.22 | -24.1% |
| FY2020 | $1.60 | -22.2% |
| FY2019 | $2.06 | +56.2% |
| FY2018 | $1.32 | +37.7% |
| FY2017 | $0.96 | +24.1% |
| FY2016 | $0.77 | +15.2% |
As of FY2024 · SEC 10-K Annual Filings · Updated Feb 28, 2026