Mercantile Bank Debt to Equity Ratio 2010-2024 | 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 September 30, 2024 was 0.95.
Mercantile Bank Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
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
Sector Industry Market Cap Revenue
Finance Banks - Midwest $0.813B $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.
Stock Name Country Market Cap PE Ratio
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Wintrust Financial (WTFC) United States $9.115B 14.35
Old National Bancorp (ONB) United States $6.906B 11.83
UMB Financial (UMBF) United States $6.100B 13.63
Associated Banc-Corp (ASB) United States $4.131B 12.82
First Interstate BancSystem (FIBK) United States $3.595B 14.57
Heartland Financial USA (HTLF) United States $2.896B 14.68
First Financial Bancorp (FFBC) United States $2.851B 11.80
First Merchants (FRME) United States $2.584B 13.15
Enterprise Financial Services (EFSC) United States $2.255B 12.71
Lakeland Financial (LKFN) United States $1.923B 21.48
1st Source (SRCE) United States $1.625B 12.63
QCR Holdings (QCRH) United States $1.563B 13.11
First Busey (BUSE) United States $1.553B 13.19
German American Bancorp (GABC) United States $1.364B 16.59
Peoples Bancorp (PEBO) United States $1.273B 9.90
FirstSun Capital Bancorp (FSUN) United States $1.049B 0.00
Old Second Bancorp (OSBC) United States $0.839B 10.06
Independent Bank (IBCP) United States $0.804B 12.50
MidWestOne Financial (MOFG) United States $0.700B 19.26
Farmers National Banc (FMNB) United States $0.593B 12.05
First Financial Indiana (THFF) United States $0.588B 13.50
First Business Financial Services (FBIZ) United States $0.419B 10.83
Civista Bancshares (CIVB) United States $0.360B 11.39
Heartland BancCorp (HLAN) United States $0.330B 16.74
First Western Financial (MYFW) United States $0.207B 34.47
Fentura Financial (FETM) United States $0.200B 21.11
Eagle Bancorp Montana (EBMT) United States $0.137B 15.80
Ohio Valley Banc (OVBC) United States $0.131B 11.23
BNCCORP (BNCC) United States $0.108B 13.80
CSB Bancorp (CSBB) United States $0.103B 9.13
United Bancorp (UBCP) United States $0.076B 9.57
United Bancshares (UBOH) United States $0.066B 7.82
Central Plains Bancshares (CPBI) United States $0.059B 0.00
Ames National (ATLO) United States $0.000B 16.47