Mercantile Bank (MBWM) Debt to Equity (2010 - 2026)

Mercantile Bank has reported Debt to Equity for 17 years, with the latest figure at $0.43 in Q1 2026.

• For the quarter ending Q1 2026, Debt to Equity rose 7.52% year-over-year to $0.43; the trailing twelve-month figure through Mar 2026 stood at $0.43 (up 7.52% YoY), and the FY2025 full-year result was $0.32, up 109.72% from the prior year.
• Debt to Equity for Q1 2026 stood at $0.43, up from $0.32 in the prior quarter.
• The five-year high for Debt to Equity was $0.53 in Q3 2025, with the low at $0.08 in Q2 2025.
• Historically, Debt to Equity has averaged $0.28 across 5 years, with a median of $0.21 in 2022.
• Annual changes were most pronounced in 2022 — Debt to Equity sank 76.35% — and 2025, when it surged 139.81%.
• Mercantile Bank's Debt to Equity stood at $0.2 in 2022, then declined by 15.14% to $0.17 in 2023, then slipped by 10.33% to $0.15 in 2024, then jumped by 109.72% to $0.32 in 2025, then jumped by 33.52% to $0.43 in 2026.
• The last three Debt to Equity figures came in at $0.43 (Q1 2026), $0.32 (Q4 2025), and $0.53 (Q3 2025), per Business Quant data.