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

Mercantile Bank's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.05 for Q1 2026.

• Quarterly Debt Ratio fell 23.86% year-over-year to 0.05 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.05 (down 23.86% YoY) and the FY2025 annual result came in at 0.03, up 69.25% from the prior year.
• Debt Ratio was 0.05 for Q1 2026 at Mercantile Bank, up from 0.03 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.09 in Q3 2023 and bottomed at 0.01 in Q3 2025.
• A 5-year average of 0.04 and a median of 0.04 in 2023 frame the typical range for Debt Ratio.
• Annual changes were most pronounced in 2022 — Debt Ratio jumped 596.26% — and 2025, when it slumped 88.57%.
• Mercantile Bank's Debt Ratio stood at 0.06 in 2022, then sank by 32.17% to 0.04 in 2023, then slumped by 53.21% to 0.02 in 2024, then surged by 69.25% to 0.03 in 2025, then surged by 33.6% to 0.05 in 2026.
• Business Quant data shows MBWM's Debt Ratio at 0.05 in Q1 2026, 0.03 in Q4 2025, and 0.01 in Q3 2025.