The Current Ratio as of October 2024 (TTM) for Mercantile Bank Corporation (MBWM) is 0.05

According to Mercantile Bank Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.05. This represents a change of -96.84% compared to the average of 1.59 of the last 4 quarters.

Mercantile Bank Corporation (MBWM) Historical Current Ratio (quarterly & annually)

How has MBWM Current Ratio performed in the past?

The mean historical Current Ratio of Mercantile Bank Corporation over the last ten years is 97.02. The current 0.05 Current Ratio has changed -94.84% with respect to the historical average. Over the past ten years (40 quarters), MBWM's Current Ratio was at its highest in in the September 2021 quarter at 25.51K. The Current Ratio was at its lowest in in the June 2024 quarter at 0.05.

Mercantile Bank Corporation (MBWM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Mercantile Bank Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Mercantile Bank Corporation (MBWM) Average Current Ratio

How has MBWM Current Ratio performed in the past?

The current Current Ratio of Mercantile Bank Corporation (MBWM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

Mercantile Bank Corporation (MBWM) Current Ratio vs. Peers

How is MBWM’s Current Ratio compared to its peers?

Mercantile Bank Corporation’s Current Ratio is less than Macatawa Bank Corporation (0.58), less than Great Southern Bancorp, Inc. (0.15), greater than The First Bancorp, Inc. (0.04), less than MidWestOne Financial Group, Inc. (0.06), less than Lakeland Financial Corporation (0.12),

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