Mercantile Bank Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2025: 0.72

Mercantile Bank Corporation Interest Coverage Ratio is 0.72 for the Trailing 12 Months (TTM) ending March 31, 2025, a -34.10% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Mercantile Bank Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2024 was 1.09, a -61.83% change year over year.
  • Mercantile Bank Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 2.85, a -22.33% change year over year.
  • Mercantile Bank Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 3.67, a 46.97% change year over year.
  • Mercantile Bank Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 2.50, a 41.55% change year over year.
Key Data
Date Interest Coverage Ratio Return on Capital Employed (ROCE) Return on Equity (ROE) Return on Assets (ROA)