Mercantile Bank Corporation (MBWM) — Tangible Net Worth Ratio
Mercantile Bank Corporation (MBWM) has a Tangible Net Worth Ratio of 97.2% as of December 2025. This metric is calculated by deducting intangible assets ($20.39 Million) from net assets ($724.88 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Mercantile Bank Corporation short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Mercantile Bank Corporation Tangible Net Worth Ratio (1998–2025)
This chart shows how Mercantile Bank Corporation's Tangible Net Worth Ratio has changed across 28 annual periods from 1998 to 2025. As of December 2025, the ratio stands at 97.2%, reflecting net assets of $724.88 Million with intangible assets of $20.39 Million USD. See operational self-sufficiency of Mercantile Bank Corporation to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Mercantile Bank Corporation (1998–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Mercantile Bank Corporation from 1998 to 2025, covering 28 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Mercantile Bank Corporation market capitalisation.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 97.2% | $724.88 Million | $20.39 Million | $6.84 Billion | ▼ -0.7 pp |
| 2024 | 97.9% | $584.53 Million | $12.47 Million | $6.05 Billion | ▲ +0.0 pp |
| 2023 | 97.8% | $522.14 Million | $11.34 Million | $5.35 Billion | ▼ -2.0 pp |
| 2022 | 99.9% | $441.41 Million | $583.00K | $4.87 Billion | ▲ +0.2 pp |
| 2021 | 99.7% | $456.56 Million | $1.35 Million | $5.26 Billion | ▲ +0.3 pp |
| 2020 | 99.4% | $441.55 Million | $2.44 Million | $4.44 Billion | ▲ +0.4 pp |
| 2019 | 99.1% | $416.56 Million | $3.84 Million | $3.63 Billion | ▲ +0.6 pp |
| 2018 | 98.5% | $375.25 Million | $5.56 Million | $3.36 Billion | ▲ +0.6 pp |
| 2017 | 97.9% | $365.87 Million | $7.60 Million | $3.29 Billion | ▲ +0.8 pp |
| 2016 | 97.1% | $340.81 Million | $9.96 Million | $3.08 Billion | ▲ +0.9 pp |
| 2015 | 96.2% | $333.80 Million | $12.63 Million | $2.90 Billion | ▲ +1.0 pp |
| 2014 | 95.2% | $328.14 Million | $15.62 Million | $2.89 Billion | ▼ -4.8 pp |
| 2013 | 100.0% | $153.32 Million | $0.00 | $1.43 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | $146.59 Million | $0.00 | $1.42 Billion | ▲ +0.0 pp |
| 2011 | 100.0% | $165.00 Million | $0.00 | $1.43 Billion | ▲ +0.0 pp |
| 2010 | 100.0% | $125.94 Million | $0.00 | $1.63 Billion | ▲ +0.0 pp |
| 2009 | 100.0% | $140.10 Million | $0.00 | $1.91 Billion | ▲ +0.0 pp |
| 2008 | 100.0% | $174.37 Million | $0.00 | $2.21 Billion | ▲ +0.0 pp |
| 2007 | 100.0% | $178.16 Million | $0.00 | $2.12 Billion | ▲ +0.0 pp |
| 2006 | 100.0% | $171.91 Million | $0.00 | $2.07 Billion | ▲ +0.0 pp |
| 2005 | 100.0% | $155.12 Million | $0.00 | $1.84 Billion | ▲ +0.0 pp |
| 2004 | 100.0% | $141.62 Million | $0.00 | $1.54 Billion | ▲ +0.0 pp |
| 2003 | 100.0% | $130.20 Million | $0.00 | $1.20 Billion | ▲ +0.0 pp |
| 2002 | 100.0% | $79.83 Million | $0.00 | $921.86 Million | ▲ +0.0 pp |
| 2001 | 100.0% | $71.46 Million | $0.00 | $698.68 Million | ▲ +0.0 pp |
| 2000 | 100.0% | $31.85 Million | $0.00 | $512.75 Million | ▲ +0.0 pp |
| 1999 | 100.0% | $28.00 Million | $0.00 | $368.00 Million | ▲ +0.4 pp |
| 1998 | 99.6% | $26.70 Million | $100.00K | $216.24 Million | — |