Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalMarket CapitalizationNet MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mercantile Bank (MBWM) Debt to Equity: 2012-2024

Historic Debt to Equity for Mercantile Bank (MBWM) over the last 11 years, with Dec 2024 value amounting to $0.66.

  • 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.
  • As of FY2024, Mercantile Bank's Debt to Equity stood at $0.66, which was down 26.10% from $0.90 recorded in FY2023.
  • Mercantile Bank's Debt to Equity's 5-year high stood at $0.90 during FY2023, with a 5-year trough of $0.66 in FY2024.
  • In the last 3 years, Mercantile Bank's Debt to Equity had a median value of $0.70 in 2022 and averaged $0.75.
  • In the last 5 years, Mercantile Bank's Debt to Equity increased by 28.32% in 2023 and then decreased by 26.10% in 2024.
  • Over the past 5 years, Mercantile Bank's Debt to Equity (Yearly) stood at $0.89 in 2020, then dropped by 8.20% to $0.82 in 2021, then decreased by 14.75% to $0.70 in 2022, then climbed by 28.32% to $0.90 in 2023, then fell by 26.10% to $0.66 in 2024.