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

Historic Interest Coverage Ratio for Mercantile Bank (MBWM) over the last 14 years, with Q3 2025 value amounting to 1.82.

  • Mercantile Bank's Interest Coverage Ratio rose 685.43% 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 345.79%. This contributed to the annual value of 0.16 for FY2024, which is 4289.93% down from last year.
  • Latest data reveals that Mercantile Bank reported Interest Coverage Ratio of 1.82 as of Q3 2025, which was up 685.43% from 1.8 recorded in Q2 2025.
  • Over the past 5 years, Mercantile Bank's Interest Coverage Ratio peaked at 5.56 during Q2 2021, and registered a low of 1.68 during Q4 2024.
  • Moreover, its 5-year median value for Interest Coverage Ratio was 2.38 (2023), whereas its average is 3.05.
  • In the last 5 years, Mercantile Bank's Interest Coverage Ratio surged by 11132.35% in 2021 and then plummeted by 5576.17% in 2023.
  • Over the past 5 years, Mercantile Bank's Interest Coverage Ratio (Quarter) stood at 4.37 in 2021, then increased by 3.51% to 4.53 in 2022, then plummeted by 55.76% to 2.0 in 2023, then dropped by 16.06% to 1.68 in 2024, then grew by 8.03% to 1.82 in 2025.
  • Its last three reported values are 1.82 in Q3 2025, 1.8 for Q2 2025, and 1.76 during Q1 2025.