Mercantile Bank (MBWM) Interest Coverage Ratio (2010 - 2026)
Mercantile Bank (MBWM) posted quarterly Interest Coverage Ratio of 1.72 for Q2 2026, down 4.6% year-over-year from 1.8 in Q2 2025, and up 2.73% on a QoQ basis from 1.67 in Q1 2026.
Mercantile Bank (MBWM) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Mercantile Bank has reported Interest Coverage Ratio for 17 years, with the latest figure at 1.72 in Q2 2026.
- Interest Coverage Ratio for Q2 2026 came in at 1.72, down 4.6% year-over-year; the trailing twelve-month figure through Jun 2026 was 6.17 (up 88.77% YoY), and the FY2025 annual result was 1.8, up 2.62% from the prior year.
- Interest Coverage Ratio advanced to 1.72 in Q2 2026, from 1.67 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 1.86 in Q4 2023 and troughed at 1.04 in Q4 2022.
- A 5-year average of 1.37 and a median of 1.42 in 2024 frame the typical range for Interest Coverage Ratio.
- The widest annual swing landed in 2022, when Interest Coverage Ratio plunged 455.26%; it then jumped 279.31% in 2023.
- A 5-year view of Interest Coverage Ratio shows it stood at 1.04 in 2022, then jumped by 279.31% to 1.86 in 2023, then retreated by 8.56% to 1.71 in 2024, then rose by 7.1% to 1.83 in 2025, then slipped by 6.0% to 1.72 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 1.72 in Q2 2026, 1.67 in Q1 2026, and 1.83 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.81 Bn | 84.62 Bn | - | - |
| 2 | Pnc Financial Services | 98.03 Bn | 98.03 Bn | - | 2.00 |
| 3 | Us Bancorp | 96.42 Bn | 96.42 Bn | - | 1.84 |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | 0.27 |
| 6 | Deutsche Bank Aktiengesellschaft | 72.18 Bn | -81.14 Bn | - | 1.49 |
| 7 | Nu Holdings | 70.88 Bn | 57.19 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.83 Bn | 61.83 Bn | - | 1.77 |
| 9 | Fifth Third Bancorp | 49.96 Bn | 26.24 Bn | - | 1.90 |
| 10 | Mercantile Bank | 1.03 Bn | 693.77 Mn | - | 1.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.72 |
| Mar 31, 2026 | 1.67 |
| Dec 31, 2025 | 0.73 |
| Sep 30, 2025 | 1.67 |
| Jun 30, 2025 | 1.54 |
| Mar 31, 2025 | 1.45 |
| Dec 31, 2024 | 1.68 |
| 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 | 5.20 |
| Sep 30, 2022 | 1.22 |
| Jun 30, 2022 | 1.24 |
| Mar 31, 2022 | 1.35 |
| Dec 31, 2021 | 3.80 |
| Sep 30, 2021 | 4.12 |