Total Debt
$687.7M
Net Debt
-$507.7M
Mercantile Bank Corporation currently has $687.7M in total debt. Net debt is -$507.7M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.
Financial Fundamentals
MBWM • Quarterly Data • 5Y View
| Date | Total Debt ($B) | Cash & Inv. ($B) | Net Debt ($B) | Total Assets | Debt/Assets |
|---|---|---|---|---|---|
| 2026-06-30 | 0.70 | 0.05 | 0.65 | 6.95 | 10.1% |
| 2026-06-30 | 0.69 | 1.20 | -0.51Net Cash | 6.82 | 10.1% |
| 2025-12-31 | 0.83 | 1.58 | -0.75Net Cash | 6.84 | 12.1% |
| 2025-09-30 | 0.74 | 1.07 | -0.33Net Cash | 6.31 | 11.7% |
| 2025-06-30 | 0.74 | 0.87 | -0.13Net Cash | 6.18 | 12.0% |
| 2025-03-31 | 0.75 | 0.92 | -0.17Net Cash | 6.14 | 12.2% |
| 2024-12-31 | 0.65 | 1.12 | -0.48Net Cash | 6.05 | 10.7% |
| 2024-09-30 | 0.78 | 1.03 | -0.25Net Cash | 5.92 | 13.1% |
| 2024-06-30 | 0.79 | 0.85 | -0.06Net Cash | 5.60 | 14.1% |
| 2024-03-31 | 0.81 | 0.85 | -0.03Net Cash | 5.47 | 14.9% |
| 2023-12-31 | 0.84 | 0.75 | 0.09 | 5.36 | 15.7% |
| 2023-09-30 | 0.76 | 0.86 | -0.10Net Cash | 5.25 | 14.5% |
| 2023-06-30 | 0.83 | 0.82 | 0.01 | 5.14 | 16.1% |
| 2023-03-31 | 0.76 | 0.68 | 0.08 | 4.90 | 15.5% |
| 2022-12-31 | 0.64 | 0.70 | -0.06Net Cash | 4.87 | 13.1% |
| 2022-09-30 | 0.67 | 0.87 | -0.19Net Cash | 5.02 | 13.4% |
| 2022-06-30 | 0.70 | 1.08 | -0.38Net Cash | 5.06 | 13.9% |
| 2022-03-31 | 0.72 | 1.38 | -0.65Net Cash | 5.18 | 14.0% |
| 2021-12-31 | 0.69 | 1.57 | -0.87Net Cash | 5.26 | 13.2% |
| 2021-09-30 | 0.62 | 1.38 | -0.77Net Cash | 4.96 | 12.4% |
| 2021-06-30 | 0.61 | 1.27 | -0.65Net Cash | 4.76 | 12.9% |
| 2021-03-31 | 0.58 | 1.09 | -0.50Net Cash | 4.71 | 12.4% |
| 2020-12-31 | 0.56 | 1.01 | -0.45Net Cash | 4.44 | 12.6% |
| 2020-09-30 | 0.60 | 0.87 | -0.27Net Cash | 4.42 | 13.5% |
| 2020-06-30 | 0.61 | 0.78 | -0.17Net Cash | 4.31 | 14.1% |
| 2020-03-31 | 0.57 | 0.55 | 0.03 | 3.66 | 15.7% |
| 2019-12-31 | 0.50 | 0.57 | -0.06Net Cash | 3.63 | 13.9% |
| 2019-09-30 | 0.51 | 0.57 | -0.06Net Cash | 3.71 | 13.9% |
| 2019-06-30 | 0.54 | 0.50 | 0.04 | 3.58 | 15.1% |
| 2019-03-31 | 0.54 | 0.55 | -0.01Net Cash | 3.55 | 15.2% |
| 2018-12-31 | 0.50 | 0.41 | 0.09 | 3.36 | 14.9% |
| 2018-09-30 | 0.40 | 0.41 | -0.01Net Cash | 3.30 | 12.1% |
| 2018-06-30 | 0.37 | 0.46 | -0.09Net Cash | 3.29 | 11.3% |
| 2018-03-31 | 0.37 | 0.55 | -0.18Net Cash | 3.29 | 11.3% |
| 2017-12-31 | 0.38 | 0.54 | -0.15Net Cash | 3.29 | 11.7% |
| 2017-09-30 | 0.39 | 0.51 | -0.12Net Cash | 3.25 | 11.9% |
| 2017-06-30 | 0.40 | 0.42 | -0.02Net Cash | 3.14 | 12.8% |
| 2017-03-31 | 0.38 | 0.39 | -0.01Net Cash | 3.02 | 12.5% |
| 2016-12-31 | 0.35 | 0.51 | -0.16Net Cash | 3.08 | 11.4% |
| 2016-09-30 | 0.37 | 0.47 | -0.10Net Cash | 3.06 | 12.1% |
| 2016-06-30 | 0.36 | 0.43 | -0.07Net Cash | 3.00 | 12.0% |
| 2016-03-31 | 0.30 | 0.44 | -0.14Net Cash | 2.93 | 10.4% |
| 2015-12-31 | 0.28 | 0.44 | -0.16Net Cash | 2.90 | 9.6% |
| 2015-09-30 | 0.28 | 0.46 | -0.18Net Cash | 2.88 | 9.8% |
| 2015-06-30 | 0.25 | 0.50 | -0.25Net Cash | 2.88 | 8.9% |
| 2015-03-31 | 0.25 | 0.55 | -0.30Net Cash | 2.88 | 8.7% |
| 2014-12-31 | 0.28 | 0.59 | -0.32Net Cash | 2.89 | 9.5% |
| 2014-09-30 | 0.25 | 0.58 | -0.32Net Cash | 2.86 | 8.9% |
| 2014-06-30 | 0.25 | 0.58 | -0.33Net Cash | 2.88 | 8.7% |
| 2014-03-31 | 0.14 | 0.17 | -0.03Net Cash | 1.41 | 10.0% |
| 2013-12-31 | 0.15 | 0.15 | -0.01Net Cash | 1.43 | 10.3% |
| 2013-09-30 | 0.14 | 0.16 | -0.02Net Cash | 1.42 | 10.1% |
| 2013-06-30 | 0.13 | 0.15 | -0.03Net Cash | 1.34 | 9.3% |
| 2013-03-31 | 0.14 | 0.17 | -0.03Net Cash | 1.39 | 9.9% |
| 2012-12-31 | 0.13 | 0.17 | -0.04Net Cash | 1.42 | 9.3% |
| 2012-09-30 | 0.07 | 0.03 | 0.04 | 1.39 | 5.0% |
| 2012-06-30 | 0.07 | 0.03 | 0.04 | 1.39 | 5.0% |
| 2012-03-31 | 0.08 | 0.02 | 0.06 | 1.40 | 5.7% |
| 2011-12-31 | 0.15 | 0.20 | -0.04Net Cash | 1.43 | 10.6% |
| 2011-09-30 | 0.08 | 0.03 | 0.05 | 1.48 | 5.4% |
| 2011-06-30 | 0.08 | 0.02 | 0.06 | 1.54 | 5.2% |
| 2011-03-31 | 0.19 | 0.02 | 0.17 | 1.58 | 12.1% |
| 2010-12-31 | 0.11 | 0.03 | 0.08 | 1.63 | 6.7% |
| 2010-09-30 | 0.32 | 0.03 | 0.30 | 1.81 | 17.7% |
| 2010-06-30 | 0.32 | 0.03 | 0.29 | 1.80 | 17.6% |
| 2010-03-31 | 0.34 | 0.02 | 0.32 | 1.90 | 17.8% |
| 2009-12-31 | 0.26 | 0.02 | 0.24 | 1.91 | 13.5% |
| 2009-09-30 | 0.38 | 0.02 | 0.36 | 2.02 | 18.7% |
| 2009-06-30 | 0.39 | 0.02 | 0.38 | 2.07 | 19.0% |
| 2009-03-31 | 0.40 | 0.02 | 0.38 | 2.24 | 17.9% |
| 2008-12-31 | 0.42 | 0.02 | 0.40 | 2.21 | 18.9% |
| 2008-09-30 | 0.44 | 0.03 | 0.42 | 2.21 | 20.1% |
| 2008-06-30 | 0.35 | 0.04 | 0.31 | 2.16 | 16.1% |
| 2008-03-31 | 0.28 | 0.03 | 0.25 | 2.12 | 13.4% |
| 2007-12-31 | 0.33 | 0.03 | 0.30 | 2.12 | 15.5% |
| 2007-09-30 | 0.26 | 0.03 | 0.23 | 2.11 | 12.5% |
| 2007-06-30 | 0.27 | 0.05 | 0.22 | 2.10 | 12.6% |
| 2007-03-31 | 0.20 | 0.05 | 0.15 | 2.09 | 9.8% |
| 2006-12-31 | 0.23 | 0.05 | 0.18 | 2.07 | 11.0% |
| 2006-09-30 | 0.23 | 0.04 | 0.19 | 2.03 | 11.1% |
| 2006-06-30 | 0.24 | 0.05 | 0.19 | 1.97 | 12.3% |
| 2006-03-31 | 0.24 | 0.04 | 0.20 | 1.90 | 12.7% |
| 2005-12-31 | 0.38 | 0.04 | 0.34 | 1.84 | 20.5% |
| 2005-09-30 | 0.23 | 0.04 | 0.19 | 1.80 | 13.0% |
| 2005-06-30 | 0.23 | 0.04 | 0.19 | 1.71 | 13.2% |
| 2005-03-31 | 0.22 | 0.04 | 0.18 | 1.66 | 13.2% |
| 2004-12-31 | 0.23 | 0.02 | 0.21 | 1.54 | 14.7% |
| 2004-09-30 | 0.18 | 0.04 | 0.15 | 1.47 | 12.5% |
| 2004-06-30 | 0.19 | 0.04 | 0.16 | 1.38 | 13.9% |
| 2004-03-31 | 0.16 | 0.03 | 0.13 | 1.29 | 12.3% |
| 2003-12-31 | 0.16 | 0.02 | 0.15 | 1.20 | 13.6% |
| 2003-09-30 | 0.12 | 0.03 | 0.09 | 1.15 | 10.3% |
| 2003-06-30 | 0.09 | 0.03 | 0.05 | 1.03 | 8.3% |
| 2003-03-31 | 0.08 | 0.03 | 0.05 | 0.97 | 8.2% |
| 2002-12-31 | 0.07 | 0.02 | 0.04 | 0.92 | 7.1% |
| 2002-09-30 | 0.06 | 0.03 | 0.04 | 0.87 | 7.4% |
| 2002-06-30 | 0.02 | 0.02 | 0.00 | 0.78 | 2.2% |
| 2002-03-31 | 0.04 | 0.02 | 0.02 | 0.73 | 5.1% |
| 2001-12-31 | 0.02 | 0.01 | 0.00 | 0.70 | 2.3% |
| 2001-09-30 | 0.05 | 0.02 | 0.04 | 0.65 | 8.4% |
| 2001-06-30 | 0.05 | 0.01 | 0.04 | 0.62 | 8.2% |
| 2001-03-31 | 0.05 | 0.01 | 0.03 | 0.56 | 8.2% |
| 2000-12-31 | 0.02 | 0.01 | 0.00 | 0.51 | 3.1% |
| 2000-09-30 | 0.05 | 0.02 | 0.03 | 0.48 | 10.4% |
| 2000-06-30 | 0.03 | 0.01 | 0.02 | 0.44 | 6.6% |
| 2000-03-31 | 0.03 | 0.01 | 0.02 | 0.41 | 6.6% |
| 1999-12-31 | 0.02 | 0.01 | 0.00 | 0.37 | 4.3% |
| 1999-09-30 | 0.04 | 0.01 | 0.03 | 0.33 | 11.1% |
| 1999-06-30 | 0.02 | 0.01 | 0.01 | 0.29 | 6.1% |
| 1999-03-31 | 0.02 | 0.01 | 0.01 | 0.26 | 6.5% |
| 1998-12-31 | 0.02 | 0.01 | 0.01 | 0.22 | 7.9% |
| 1998-09-30 | 0.02 | 0.00 | 0.02 | 0.18 | 8.6% |
| 1998-06-30 | 0.01 | 0.00 | 0.01 | 0.14 | 7.6% |
| 1998-03-31 | 0.01 | 0.00 | 0.01 | 0.09 | 5.5% |