Mercantile Bank Corp (MBWM) Total Debt (2010 - 2026)
Mercantile Bank (MBWM) reported Total Debt of $305.32 million for Q2 2026, down 14.3% from $356.22 million a year earlier and down 3.2% from the prior quarter.
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Analysis
Mercantile Bank Corp (MBWM) Total Debt (2010 - 2026) Analysis & Trends
At the end of FY2025, Mercantile Bank posted Total Debt of $326.22 million, down 15.7% from FY2024.
- Total Debt has a five-year compound annual growth rate of -3.7% (FY2020 to FY2025).
- By year, Total Debt came in at $387.08 million in FY2024 (-17.3%), $467.91 million in FY2023 (+51.8%), $308.26 million in FY2022 (-17.6%) and $374 million in FY2021 (-5.1%).
- The Q2 2026 figure ranks as the lowest quarterly Total Debt since Q3 2018.
- Year over year, Total Debt has now declined in each of the last nine quarters, with an average decline of 15.2% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q4 2023 (growth of 51.8%); the low point was Q1 2025 (a decline of 18.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $315.32 million (Q1 2026), $326.22 million (Q4 2025) and $346.22 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 420.15 Mn |
| Mar 31, 2026 | 432.57 Mn |
| Dec 31, 2025 | 445.88 Mn |
| Sep 30, 2025 | 435.79 Mn |
| Jun 30, 2025 | 445.71 Mn |
| Mar 31, 2025 | 455.62 Mn |
| Dec 31, 2024 | 476.40 Mn |
| Sep 30, 2024 | 506.31 Mn |
| Jun 30, 2024 | 516.23 Mn |
| Mar 31, 2024 | 536.14 Mn |
| Dec 31, 2023 | 556.88 Mn |
| Sep 30, 2023 | 546.80 Mn |
| Jun 30, 2023 | 556.71 Mn |
| Mar 31, 2023 | 466.62 Mn |
| Dec 31, 2022 | 396.89 Mn |
| Sep 30, 2022 | 426.81 Mn |
| Jun 30, 2022 | 450.72 Mn |
| Mar 31, 2022 | 470.69 Mn |
| Dec 31, 2021 | 447.65 Mn |
| Sep 30, 2021 | 442.07 Mn |
API Access
Mercantile Bank Corp Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=MBWM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "MBWM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=MBWM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();