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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mercantile Bank (MBWM) Debt to Equity (2016 - 2025)

Mercantile Bank's Debt to Equity history spans 10 years, with the latest figure at $0.12 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 40.51% year-over-year to $0.12; the TTM value through Dec 2025 reached $0.12, down 40.51%, while the annual FY2025 figure was $0.12, 40.51% down from the prior year.
  • Debt to Equity reached $0.12 in Q4 2025 per MBWM's latest filing, down from $0.38 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.9 in Q4 2023 to a low of $0.08 in Q1 2025.
  • Average Debt to Equity over 5 years is $0.44, with a median of $0.35 recorded in 2021.
  • Peak YoY movement for Debt to Equity: soared 693.91% in 2021, then plummeted 90.04% in 2025.
  • A 5-year view of Debt to Equity shows it stood at $0.43 in 2021, then soared by 61.47% to $0.7 in 2022, then grew by 28.32% to $0.9 in 2023, then plummeted by 76.8% to $0.21 in 2024, then crashed by 40.51% to $0.12 in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Debt to Equity are $0.12 (Q4 2025), $0.38 (Q3 2025), and $0.56 (Q2 2025).