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

Mercantile Bank has reported Total Debt for 17 years, with the latest figure 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.
• The five-year high for Total Debt was $346.2 million in Q3 2025, with the low at $49.3 million in Q2 2023.
• Historically, Total Debt has averaged $157.1 million across 5 years, with a median of $89.3 million in 2024.
• Annual changes were most pronounced in 2022 — Total Debt slumped 77.55% — and 2025, when it surged 171.85%.
• Mercantile Bank's Total Debt stood at $88.6 million in 2022, then grew by 0.39% to $89.0 million in 2023, then climbed by 0.39% to $89.3 million in 2024, then jumped by 160.08% to $232.3 million in 2025, then surged 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.