Mercantile Bank Corporation MBWM NASDAQ

Mercantile Bank Corporation (MBWM) reported total assets of $6.84B and total liabilities of $6.11B for quarter ending 2025-12-31, resulting in total equity of $724.88M.

The company held $1.58B in cash and short-term investments. Total debt stood at $825.88M, with net debt of $352.56M. The Debt-to-Equity (D/E) ratio was 1.14 (moderate).

Current ratio is 0.29, which may signal tight short-term liquidity. Interest coverage is 0.8x (weak).

Criteria supported by this page:

• HEALTH (17/100, Fail) — the balance sheet shows elevated risk in debt or liquidity metrics
• MOAT (49/100) — Total assets $6.84B and equity $724.88M support the company's competitive scale
• VALUE (69/100) — Debt-to-Equity 1.14 contributes to the overall valuation risk assessment

Overall SharesGrow Score: 69/100 with 5/7 criteria passed.