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Mercantile Bank (MBWM) Times Interest Earned: 2009-2024

Historic Times Interest Earned for Mercantile Bank (MBWM) over the last 16 years, with Dec 2024 value amounting to $0.16.

  • Mercantile Bank's Times Interest Earned 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.
  • Per Mercantile Bank's latest filing, its Times Interest Earned stood at $0.16 for FY2024, which was down 42.90% from $0.28 recorded in FY2023.
  • Mercantile Bank's 5-year Times Interest Earned high stood at $0.80 for FY2021, and its period low was $0.16 during FY2024.
  • Over the past 3 years, Mercantile Bank's median Times Interest Earned value was $0.28 (recorded in 2023), while the average stood at $0.37.
  • Its Times Interest Earned has fluctuated over the past 5 years, first spiked by 80.30% in 2021, then plummeted by 58.91% in 2023.
  • Yearly analysis of 5 years shows Mercantile Bank's Times Interest Earned stood at $0.44 in 2020, then skyrocketed by 80.30% to $0.80 in 2021, then dropped by 15.33% to $0.67 in 2022, then slumped by 58.91% to $0.28 in 2023, then tumbled by 42.90% to $0.16 in 2024.