Mercantile Bank Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	79.59	82.22	61.06	59.02
Depreciation & Amortization	10.51	11.5	12.95	13.68
Gain (Loss) on Sale of Assets	-0.36	0.05	0.17	-1.03
Gain (Loss) on Sale of Investments	-0.2	0.26	-0.05	0.22
Provision for Credit Losses	7.4	7.7	6.55	-4.3
Net Decrease (Increase) in Loans Originated / Sold - Operating	14.58	-8.51	20.75	37.17
Accrued Interest Receivable	-1.6	-4.33	-6.17	1.53
Change in Other Net Operating Assets	-25.8	-30.19	-0.44	-12.66
Other Operating Activities	-2.95	-3.54	-3.03	0.86
Operating Cash Flow	101.12	66.61	119.86	64.57
Operating Cash Flow Growth	51.80%	-44.42%	85.62%	70.48%
Capital Expenditures	-8.53	-6.69	-3.02	-5.6
Sale of Property, Plant and Equipment	0.28	0.6	2.99	0.75
Investment in Securities	-111.84	4.2	-89.03	-218.28
Divestitures	-	-	-	-2.68
Net Decrease (Increase) in Loans Originated / Sold - Investing	-300	-387.28	-462.43	-267.9
Other Investing Activities	-5.35	-6.76	-3.52	-1.8
Investing Cash Flow	-425.44	-395.93	-555	-495.51
Short-Term Debt Issued	-	35.39	-	79.1
Long-Term Debt Issued	10	240	42.91	73.64
Total Debt Issued	10	275.39	42.91	152.73
Short-Term Debt Repaid	-108.21	-	-3.12	-
Long-Term Debt Repaid	-90.83	-80.35	-94	-20
Total Debt Repaid	-199.04	-80.35	-97.12	-20
Net Debt Issued (Repaid)	-189.04	195.04	-54.22	132.73
Issuance of Common Stock	0.86	0.94	0.95	0.98
Repurchase of Common Stock	-	-	-	-21.38
Common Dividends Paid	-22.47	-21	-19.6	-18.52
Net Increase (Decrease) in Deposit Accounts	797.45	188.11	-370.38	686.28
Financing Cash Flow	586.8	363.08	-443.25	780.09
Net Cash Flow	262.48	33.76	-878.39	349.15
Free Cash Flow	92.59	59.93	116.85	58.97
Free Cash Flow Growth	54.50%	-48.71%	98.14%	104.14%
Free Cash Flow Margin	41.32%	27.49%	63.58%	31.95%
Free Cash Flow Per Share	5.74	3.74	7.37	3.69
Cash Interest Paid	129.23	72.02	21.77	20.35
Cash Income Tax Paid	21.4	24.85	11.2	17.55

Source: S&P Global Market Intelligence. Banks template. Financial Sources.