Mercantile Bank Debt to Equity Ratio 2010-2023 | 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 December 31, 2023 was 1.16.
| Mercantile Bank Debt/Equity Ratio Historical Data |
| Date |
Long Term Debt |
Shareholder's Equity |
Debt to Equity Ratio |
| 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 |
| Sector |
Industry |
Market Cap |
Revenue |
| Finance |
Banks - Midwest |
$0.595B |
$0.304B |
|
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.
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