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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) Equity Average: 2012-2024

Historic Equity Average for Mercantile Bank (MBWM) over the last 10 years, with Dec 2024 value amounting to $553.3 million.

  • Mercantile Bank's Equity Average rose 13.64% to $644.6 million in Q3 2025 from the same period last year, while for Sep 2025 it was $644.6 million, marking a year-over-year increase of 13.64%. This contributed to the annual value of $553.3 million for FY2024, which is 14.85% up from last year.
  • Mercantile Bank's Equity Average amounted to $553.3 million in FY2024, which was up 14.85% from $481.8 million recorded in FY2023.
  • In the past 5 years, Mercantile Bank's Equity Average registered a high of $553.3 million during FY2024, and its lowest value of $429.1 million during FY2020.
  • Over the past 3 years, Mercantile Bank's median Equity Average value was $481.8 million (recorded in 2023), while the average stood at $494.7 million.
  • Per our database at Business Quant, Mercantile Bank's Equity Average dropped by 0.02% in 2022 and then increased by 14.85% in 2024.
  • Mercantile Bank's Equity Average (Yearly) stood at $429.1 million in 2020, then climbed by 4.66% to $449.1 million in 2021, then dropped by 0.02% to $449.0 million in 2022, then rose by 7.30% to $481.8 million in 2023, then increased by 14.85% to $553.3 million in 2024.