Mercantile Bank (MBWM) Long-Term Debt Issuances (2010 - 2026)

Mercantile Bank has reported Long-Term Debt Issuances for 16 years, with the latest figure at $20.0 million in Q1 2026.

• For the quarter ending Q1 2026, Long-Term Debt Issuances changed N/A year-over-year to $20.0 million; the trailing twelve-month figure through Mar 2026 stood at $40.0 million (changed N/A YoY), and the FY2025 full-year result was $20.0 million, up 100.0% from the prior year.
• Long-Term Debt Issuances for Q1 2026 stood at $20.0 million, roughly flat from $20.0 million in the prior quarter.
• The five-year high for Long-Term Debt Issuances was $120.0 million in Q2 2023, with the low at -$13.6 million in Q4 2022.
• Historically, Long-Term Debt Issuances has averaged $38.1 million across 5 years, with a median of $24.1 million in 2022.
• Annual changes were most pronounced in 2023 — Long-Term Debt Issuances surged 393.73% — and 2024, when it slumped 87.5%.
• Mercantile Bank's Long-Term Debt Issuances stood at -$13.6 million in 2022, then surged by 393.73% to $40.0 million in 2023, then slumped by 75.0% to $10.0 million in 2024, then surged by 100.0% to $20.0 million in 2025, then changed by 0.0% to $20.0 million in 2026.
• The last three Long-Term Debt Issuances figures came in at $20.0 million (Q1 2026), $20.0 million (Q2 2025), and $10.0 million (Q1 2024), per Business Quant data.