Mercantile Bank (MBWM) Interest Coverage Ratio: 2011-2025
Historic Interest Coverage Ratio for Mercantile Bank (MBWM) over the last 14 years, with Sep 2025 value amounting to 1.82.
- Mercantile Bank's Interest Coverage Ratio rose 6.85% to 1.82 in Q3 2025 from the same period last year, while for Sep 2025 it was 1.76, marking a year-over-year decrease of 3.46%. This contributed to the annual value of 0.16 for FY2024, which is 42.90% down from last year.
- According to the latest figures from Q3 2025, Mercantile Bank's Interest Coverage Ratio is 1.82, which was up 0.91% from 1.80 recorded in Q2 2025.
- In the past 5 years, Mercantile Bank's Interest Coverage Ratio registered a high of 5.56 during Q2 2021, and its lowest value of 1.68 during Q4 2024.
- Its 3-year average for Interest Coverage Ratio is 2.01, with a median of 1.82 in 2025.
- In the last 5 years, Mercantile Bank's Interest Coverage Ratio spiked by 111.32% in 2021 and then slumped by 55.76% in 2023.
- Over the past 5 years, Mercantile Bank's Interest Coverage Ratio (Quarterly) stood at 4.37 in 2021, then rose by 3.51% to 4.53 in 2022, then slumped by 55.76% to 2.00 in 2023, then declined by 16.06% to 1.68 in 2024, then grew by 6.85% to 1.82 in 2025.
- Its Interest Coverage Ratio was 1.82 in Q3 2025, compared to 1.80 in Q2 2025 and 1.76 in Q1 2025.