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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.
  • Over the past 5 years, Mercantile Bank's median Interest Coverage Ratio value was 2.38 (recorded in 2023), while the average stood at 3.05.
  • As far as peak fluctuations go, Mercantile Bank's Interest Coverage Ratio surged by 11132.35% in 2021, and later plummeted by 5576.17% in 2023.
  • Quarter analysis of 5 years shows Mercantile Bank's Interest Coverage Ratio 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 Interest Coverage Ratio stands at 1.82 for Q3 2025, versus 1.8 for Q2 2025 and 1.76 for Q1 2025.