Mercantile Bank (MBWM) Debt Ratio (2010 - 2026)

Mercantile Bank has reported Debt Ratio for 17 years, with the latest figure at 0.05 in Q1 2026.

• For the quarter ending Q1 2026, Debt Ratio rose 15.17% year-over-year to 0.05; the trailing twelve-month figure through Mar 2026 stood at 0.05 (up 15.17% YoY), and the FY2025 full-year result was 0.03, up 130.29% from the prior year.
• Debt Ratio for Q1 2026 stood at 0.05, up from 0.03 in the prior quarter.
• The five-year high for Debt Ratio was 0.05 in Q3 2025, with the low at 0.01 in Q2 2025.
• Historically, Debt Ratio has averaged 0.03 across 5 years, with a median of 0.02 in 2022.
• Annual changes were most pronounced in 2022 — Debt Ratio slumped 78.89% — and 2025, when it jumped 141.96%.
• Mercantile Bank's Debt Ratio stood at 0.02 in 2022, then retreated by 8.63% to 0.02 in 2023, then fell by 11.21% to 0.01 in 2024, then jumped by 130.29% to 0.03 in 2025, then soared by 33.6% to 0.05 in 2026.
• The last three Debt Ratio figures came in at 0.05 (Q1 2026), 0.03 (Q4 2025), and 0.05 (Q3 2025), per Business Quant data.