Mercantile Bank Debt to Equity Ratio 2012-2026 | MBWM
Current and historical debt to equity ratio values for Mercantile Bank (MBWM) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Mercantile Bank debt/equity for the three months ending March 31, 2026 was 0.64.
| Mercantile Bank Debt/Equity Ratio Historical Data | |||
|---|---|---|---|
| Date | Long Term Debt | Shareholder's Equity | Debt to Equity Ratio |
| 2026-03-31 | $6.21B | $0.74B | 8.42 |
| 2025-12-31 | $6.11B | $0.73B | 8.43 |
| 2025-09-30 | $5.65B | $0.66B | 8.59 |
| 2025-06-30 | $5.55B | $0.63B | 8.79 |
| 2025-03-31 | $5.53B | $0.61B | 9.10 |
| 2024-12-31 | $5.47B | $0.59B | 9.35 |
| 2024-09-30 | $5.33B | $0.58B | 9.14 |
| 2024-06-30 | $5.05B | $0.55B | 9.17 |
| 2024-03-31 | $4.93B | $0.54B | 9.19 |
| 2023-12-31 | $4.83B | $0.52B | 9.25 |
| 2023-09-30 | $4.77B | $0.48B | 9.87 |
| 2023-06-30 | $4.66B | $0.48B | 9.73 |
| 2023-03-31 | $4.43B | $0.47B | 9.48 |
| 2022-12-31 | $4.43B | $0.44B | 10.04 |
| 2022-09-30 | $4.60B | $0.42B | 11.05 |
| 2022-06-30 | $4.63B | $0.43B | 10.79 |
| 2022-03-31 | $4.74B | $0.44B | 10.86 |
| 2021-12-31 | $4.80B | $0.46B | 10.52 |
| 2021-09-30 | $4.51B | $0.45B | 9.98 |
| 2021-06-30 | $4.31B | $0.45B | 9.53 |
| 2021-03-31 | $4.27B | $0.44B | 9.68 |
| 2020-12-31 | $4.00B | $0.44B | 9.05 |
| 2020-09-30 | $3.99B | $0.43B | 9.24 |
| 2020-06-30 | $3.89B | $0.43B | 9.15 |
| 2020-03-31 | $3.24B | $0.42B | 7.74 |
| 2019-12-31 | $3.22B | $0.42B | 7.72 |
| 2019-09-30 | $3.30B | $0.41B | 8.11 |
| 2019-06-30 | $3.18B | $0.40B | 7.94 |
| 2019-03-31 | $3.17B | $0.38B | 8.26 |
| 2018-12-31 | $2.99B | $0.38B | 7.96 |
| 2018-09-30 | $2.92B | $0.38B | 7.70 |
| 2018-06-30 | $2.91B | $0.38B | 7.77 |
| 2018-03-31 | $2.93B | $0.37B | 7.94 |
| 2017-12-31 | $2.92B | $0.37B | 7.98 |
| 2017-09-30 | $2.89B | $0.36B | 7.98 |
| 2017-06-30 | $2.79B | $0.36B | 7.79 |
| 2017-03-31 | $2.67B | $0.35B | 7.67 |
| 2016-12-31 | $2.74B | $0.34B | 8.05 |
| 2016-09-30 | $2.71B | $0.35B | 7.77 |
| 2016-06-30 | $2.66B | $0.35B | 7.71 |
| 2016-03-31 | $2.59B | $0.34B | 7.64 |
| 2015-12-31 | $2.57B | $0.33B | 7.70 |
| 2015-09-30 | $2.55B | $0.33B | 7.76 |
| 2015-06-30 | $2.55B | $0.33B | 7.74 |
| 2015-03-31 | $2.54B | $0.33B | 7.65 |
| 2014-12-31 | $2.57B | $0.33B | 7.82 |
| 2014-09-30 | $2.54B | $0.32B | 7.92 |
| 2014-06-30 | $2.56B | $0.32B | 8.11 |
| 2014-03-31 | $1.26B | $0.16B | 7.96 |
| 2013-12-31 | $1.27B | $0.15B | 8.31 |
| 2013-09-30 | $1.27B | $0.15B | 8.49 |
| 2013-06-30 | $1.19B | $0.15B | 7.90 |
| 2013-03-31 | $1.24B | $0.15B | 8.26 |
| 2012-12-31 | $1.28B | $0.15B | 8.71 |
| 2012-09-30 | $1.24B | $0.15B | 8.60 |
| 2012-06-30 | $1.24B | $0.15B | 8.26 |
| 2012-03-31 | $1.24B | $0.17B | 7.39 |
| 2011-12-31 | $1.27B | $0.17B | 7.69 |
| 2011-09-30 | $1.34B | $0.14B | 9.81 |
| 2011-06-30 | $1.41B | $0.13B | 10.75 |
| 2011-03-31 | $1.45B | $0.13B | 11.44 |
| 2010-12-31 | $1.51B | $0.13B | 11.96 |
| 2010-09-30 | $1.68B | $0.14B | 12.46 |
| 2010-06-30 | $1.67B | $0.14B | 11.98 |
| 2010-03-31 | $1.77B | $0.14B | 12.77 |
| 2009-12-31 | $1.77B | $0.14B | 12.61 |
| 2009-09-30 | $1.84B | $0.18B | 10.38 |
| 2009-06-30 | $1.89B | $0.18B | 10.40 |
| 2009-03-31 | $2.07B | $0.17B | 12.23 |
| 2008-12-31 | $2.03B | $0.17B | 11.66 |
| 2008-09-30 | $2.04B | $0.17B | 11.88 |
| 2008-06-30 | $2.00B | $0.17B | 11.90 |
| 2008-03-31 | $1.94B | $0.17B | 11.14 |
| 2007-12-31 | $1.94B | $0.18B | 10.91 |
| 2007-09-30 | $1.93B | $0.18B | 10.85 |
| 2007-06-30 | $1.93B | $0.18B | 11.05 |
| 2007-03-31 | $1.91B | $0.18B | 10.91 |
| 2006-12-31 | $1.90B | $0.17B | 11.03 |
| 2006-09-30 | $1.86B | $0.17B | 11.10 |
| 2006-06-30 | $1.81B | $0.16B | 11.18 |
| 2006-03-31 | $1.74B | $0.16B | 10.94 |
| 2005-12-31 | $1.68B | $0.16B | 10.85 |
| 2005-09-30 | $1.64B | $0.15B | 10.80 |
| 2005-06-30 | $1.56B | $0.15B | 10.46 |
| 2005-03-31 | $1.52B | $0.15B | 10.52 |
| 2004-12-31 | $1.40B | $0.14B | 9.85 |
| 2004-09-30 | $1.34B | $0.14B | 9.69 |
| 2004-06-30 | $1.24B | $0.13B | 9.27 |
| 2004-03-31 | $1.16B | $0.13B | 8.72 |
| 2003-12-31 | $1.07B | $0.13B | 8.24 |
| 2003-09-30 | $1.03B | $0.12B | 8.45 |
| 2003-06-30 | $0.95B | $0.08B | 11.40 |
| 2003-03-31 | $0.89B | $0.08B | 10.87 |
| 2002-12-31 | $0.84B | $0.08B | 10.55 |
| 2002-09-30 | $0.79B | $0.08B | 10.22 |
| 2002-06-30 | $0.71B | $0.08B | 9.42 |
| 2002-03-31 | $0.66B | $0.07B | 9.01 |
| 2001-12-31 | $0.63B | $0.07B | 8.78 |
| 2001-09-30 | $0.58B | $0.07B | 8.59 |
| 2001-06-30 | $0.58B | $0.04B | 14.28 |
| 2001-03-31 | $0.52B | $0.04B | 13.07 |
| 2000-12-31 | $0.48B | $0.03B | 15.10 |
| 2000-09-30 | $0.45B | $0.03B | 14.73 |
| 2000-06-30 | $0.41B | $0.03B | 14.06 |
| 2000-03-31 | $0.38B | $0.03B | 13.44 |
| 1999-12-31 | $0.34B | $0.03B | 12.16 |
| 1999-09-30 | $0.30B | $0.03B | 11.02 |
| 1999-06-30 | $0.27B | $0.03B | 9.79 |
| 1999-03-31 | $0.24B | $0.03B | 8.71 |
| 1998-12-31 | $0.19B | $0.03B | 7.10 |
| 1998-09-30 | $0.15B | $0.03B | 5.72 |
| 1998-06-30 | $0.13B | $0.01B | 10.60 |
| 1998-03-31 | $0.08B | $0.01B | 6.55 |
| Sector | Industry | Market Cap | Revenue |
|---|---|---|---|
| Finance | Banks - Midwest | $0.924B | $0.372B |
| Mercantile Bank Corporation serves businesses and consumers across Grand Rapids and Kent County with a full range of mortgage, lending, deposit and checking products and services in a friendly, hometown banking environment. | |||
| Stock Name | Country | Market Cap | PE Ratio |
|---|---|---|---|
| Huntington Bancshares (HBAN) | United States | $33.368B | 10.99 |
| Wintrust Financial (WTFC) | United States | $9.840B | 12.49 |
| UMB Financial (UMBF) | United States | $9.154B | 10.62 |
| Old National Bancorp (ONB) | United States | $9.075B | 10.73 |
| Commerce Bancshares (CBSH) | United States | $7.414B | 12.05 |
| Associated Banc-Corp (ASB) | United States | $4.543B | 9.92 |
| First Interstate BancSystem (FIBK) | United States | $3.441B | 11.54 |
| First Financial Bancorp (FFBC) | United States | $3.074B | 10.03 |
| First Merchants (FRME) | United States | $2.601B | 10.56 |
| First Busey (BUSE) | United States | $2.280B | 10.58 |
| Enterprise Financial Services (EFSC) | United States | $2.132B | 11.04 |
| 1st Source (SRCE) | United States | $1.798B | 11.53 |
| German American Bancorp (GABC) | United States | $1.652B | 12.48 |
| Lakeland Financial (LKFN) | United States | $1.538B | 15.18 |
| QCR Holdings (QCRH) | United States | $1.520B | 11.88 |
| Peoples Bancorp (PEBO) | United States | $1.232B | 11.00 |
| Old Second Bancorp (OSBC) | United States | $1.103B | 10.45 |
| FirstSun Capital Bancorp (FSUN) | United States | $1.052B | 10.67 |
| MidWestOne Financial (MOFG) | United States | $1.017B | 17.24 |
| First Financial Indiana (THFF) | United States | $0.795B | 10.01 |
| Independent Bank (IBCP) | United States | $0.714B | 10.57 |
| Civista Bancshares (CIVB) | United States | $0.593B | 8.75 |
| Farmers National Banc (FMNB) | United States | $0.524B | 8.79 |
| First Business Financial Services (FBIZ) | United States | $0.489B | 9.85 |
| Ames National (ATLO) | United States | $0.260B | 13.69 |
| First Western Financial (MYFW) | United States | $0.258B | 19.62 |
| Ohio Valley Banc (OVBC) | United States | $0.215B | 13.77 |
| Eagle Bancorp Montana (EBMT) | United States | $0.175B | 11.66 |
| CSB Bancorp (CSBB) | United States | $0.163B | 12.25 |
| BNCCORP (BNCC) | United States | $0.124B | 14.07 |
| United Bancshares (UBOH) | United States | $0.103B | 9.22 |
| United Bancorp (UBCP) | United States | $0.093B | 12.10 |
| Solera National Bancorp (SLRK) | United States | $0.082B | 3.55 |
| Central Plains Bancshares (CPBI) | United States | $0.075B | 17.20 |
| Commercial National Financial (CEFC) | United States | $0.056B | 8.44 |