Mercantile Bank (MBWM) Total Debt (2010 - 2026)

Mercantile Bank's Total Debt history runs 17 years deep, the most recent figure standing at $315.3 million for Q1 2026.

• Quarterly Total Debt fell 13.9% year-over-year to $315.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $315.3 million (down 13.9% YoY) and the FY2025 annual result came in at $232.3 million, up 91.15% from the prior year.
• Total Debt was $315.3 million for Q1 2026 at Mercantile Bank, up from $232.3 million in the prior quarter.
• Across five years, Total Debt topped out at $457.9 million in Q3 2023 and bottomed at $48.6 million in Q2 2022.
• A 5-year average of $245.0 million and a median of $229.7 million in 2023 frame the typical range for Total Debt.
• Annual changes were most pronounced in 2022 — Total Debt jumped 603.63% — and 2025, when it plunged 87.81%.
• Mercantile Bank's Total Debt stood at $308.3 million in 2022, then fell by 25.47% to $229.7 million in 2023, then plunged by 47.1% to $121.5 million in 2024, then soared by 91.15% to $232.3 million in 2025, then jumped by 35.74% to $315.3 million in 2026.
• Business Quant data shows MBWM's Total Debt at $315.3 million in Q1 2026, $232.3 million in Q4 2025, and $50.8 million in Q3 2025.