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

Mercantile Bank (MBWM) has 17 years of Total Debt data on file, last reported at $315.3 million in Q1 2026.

• For the quarter ending Q1 2026, Total Debt rose 30.24% year-over-year to $315.3 million; the trailing twelve-month figure through Mar 2026 stood at $315.3 million (up 30.24% YoY), and the FY2025 full-year result was $232.3 million, up 160.08% from the prior year.
• Total Debt for Q1 2026 stood at $315.3 million, up from $232.3 million in the prior quarter.
• Across five years, Total Debt topped out at $346.2 million in Q3 2025 and bottomed at $49.3 million in Q2 2023.
• The 5-year median for Total Debt is $89.3 million (2024), against an average of $157.1 million.
• The widest annual swing landed in 2022, when Total Debt plunged 77.55%; it then surged 171.85% in 2025.
• A 5-year view of Total Debt shows it stood at $88.6 million in 2022, then increased by 0.39% to $89.0 million in 2023, then grew by 0.39% to $89.3 million in 2024, then surged by 160.08% to $232.3 million in 2025, then soared by 35.74% to $315.3 million in 2026.
• The last three Total Debt figures came in at $315.3 million (Q1 2026), $232.3 million (Q4 2025), and $346.2 million (Q3 2025), per Business Quant data.

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