Mercantile Bank (MBWM) Interest Coverage Ratio (2010 - 2026)
Mercantile Bank (MBWM) posted Interest Coverage Ratio of 1.67 for Q1 2026, down 8.5% on a QoQ basis from 1.83 in Q4 2025, and up 15.27% year-over-year from 1.45 in Q1 2025.
Mercantile Bank (MBWM) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Mercantile Bank's Interest Coverage Ratio history runs 17 years deep, the most recent figure standing at 1.67 for Q1 2026.
- Quarterly Interest Coverage Ratio rose 15.27% year-over-year to 1.67 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 6.6 (up 17.7% YoY) and the FY2025 annual result came in at 1.8, up 2.62% from the prior year.
- Interest Coverage Ratio was 1.67 for Q1 2026 at Mercantile Bank, down from 1.83 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 4.53 in Q4 2022 and bottomed at 1.22 in Q3 2022.
- A 5-year average of 1.66 and a median of 1.45 in 2025 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio plunged 77.66% — and 2024, when it increased 16.94%.
- Mercantile Bank's Interest Coverage Ratio stood at 4.53 in 2022, then plunged by 58.8% to 1.86 in 2023, then slipped by 8.56% to 1.71 in 2024, then advanced by 7.1% to 1.83 in 2025, then retreated by 8.5% to 1.67 in 2026.
- Business Quant data shows MBWM's Interest Coverage Ratio at 1.67 in Q1 2026, 1.83 in Q4 2025, and 1.67 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 7,084.59 |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | -0.53 |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | -22.98 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 1.66 |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 1.27 |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 2.19 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 1.86 |
| 10 | Mercantile Bank | 985.63 Mn | 406.32 Mn | - | 1.67 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.67 |
| Dec 31, 2025 | 1.83 |
| Sep 30, 2025 | 1.67 |
| Jun 30, 2025 | 1.54 |
| Mar 31, 2025 | 1.45 |
| Dec 31, 2024 | 1.71 |
| Sep 30, 2024 | 1.50 |
| Jun 30, 2024 | 1.34 |
| Mar 31, 2024 | 1.39 |
| Dec 31, 2023 | 1.86 |
| Sep 30, 2023 | 1.28 |
| Jun 30, 2023 | 1.32 |
| Mar 31, 2023 | 1.36 |
| Dec 31, 2022 | 4.53 |
| Sep 30, 2022 | 1.22 |
| Jun 30, 2022 | 1.24 |
| Mar 31, 2022 | 1.35 |
| Dec 31, 2021 | 5.22 |
| Sep 30, 2021 | 4.12 |
| Jun 30, 2021 | 5.56 |