Mercantile Bank (MBWM) Debt to Equity: 2011-2025
Historic Debt to Equity for Mercantile Bank (MBWM) over the last 11 years, with Sep 2025 value amounting to $0.53.
- Mercantile Bank's Debt to Equity fell 26.37% to $0.53 in Q3 2025 from the same period last year, while for Sep 2025 it was $0.53, marking a year-over-year decrease of 26.37%. This contributed to the annual value of $0.66 for FY2024, which is 26.10% down from last year.
- Per Mercantile Bank's latest filing, its Debt to Equity stood at $0.53 for Q3 2025, which was down 6.67% from $0.56 recorded in Q2 2025.
- In the past 5 years, Mercantile Bank's Debt to Equity ranged from a high of $0.98 in Q2 2023 and a low of $0.53 during Q3 2025.
- For the 3-year period, Mercantile Bank's Debt to Equity averaged around $0.76, with its median value being $0.77 (2024).
- Per our database at Business Quant, Mercantile Bank's Debt to Equity rose by 28.32% in 2023 and then dropped by 27.74% in 2025.
- Over the past 5 years, Mercantile Bank's Debt to Equity (Quarterly) stood at $0.82 in 2021, then fell by 14.75% to $0.70 in 2022, then rose by 28.32% to $0.90 in 2023, then declined by 26.10% to $0.66 in 2024, then dropped by 26.37% to $0.53 in 2025.
- Its last three reported values are $0.53 in Q3 2025, $0.56 for Q2 2025, and $0.60 during Q1 2025.