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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioInterest Coverage RatioInvested CapitalNet MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Mercantile Bank (MBWM) Interest Coverage Ratio (2016 - 2025)

Mercantile Bank's Interest Coverage Ratio history spans 10 years, with the latest figure at 1.83 for Q4 2025.

  • For Q4 2025, Interest Coverage Ratio rose 9.11% year-over-year to 1.83; the TTM value through Dec 2025 reached 1.8, up 2.72%, while the annual FY2025 figure was 0.17, 6.33% up from the prior year.
  • Interest Coverage Ratio reached 1.83 in Q4 2025 per MBWM's latest filing, up from 1.82 in the prior quarter.
  • In the past five years, Interest Coverage Ratio ranged from a high of 5.56 in Q2 2021 to a low of 1.68 in Q4 2024.
  • Average Interest Coverage Ratio over 5 years is 2.99, with a median of 2.28 recorded in 2023.
  • Peak YoY movement for Interest Coverage Ratio: surged 111.32% in 2021, then plummeted 55.76% in 2023.
  • A 5-year view of Interest Coverage Ratio shows it stood at 4.37 in 2021, then grew by 3.51% to 4.53 in 2022, then tumbled by 55.76% to 2.0 in 2023, then fell by 16.06% to 1.68 in 2024, then rose by 9.11% to 1.83 in 2025.
  • Per Business Quant, the three most recent readings for MBWM's Interest Coverage Ratio are 1.83 (Q4 2025), 1.82 (Q3 2025), and 1.8 (Q2 2025).