Mercantile Bank Corporation (MBWM)

Mercantile Bank Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	81.4	79.59	82.22	61.06	59.02	44.14
Depreciation & Amortization	8.09	10.51	11.5	12.95	13.68	9.43
Gain (Loss) on Sale of Assets	0.01	-0.36	0.05	0.17	-1.03	1.16
Gain (Loss) on Sale of Investments	0.11	-0.2	0.26	-0.05	0.22	0.02
Provision for Credit Losses	6.3	7.4	7.7	6.55	-4.3	14.05
Net Decrease (Increase) in Loans Originated / Sold - Operating	7.42	14.58	-8.51	20.75	37.17	11.64
Accrued Interest Receivable	-0.7	-1.6	-4.33	-6.17	1.53	-0.92
Change in Other Net Operating Assets	-37.38	-25.8	-30.19	-0.44	-12.66	-9.91
Other Operating Activities	-2.45	-2.95	-3.54	-3.03	0.86	-5.36
Operating Cash Flow	40.99	101.12	66.61	119.86	64.57	37.88
Operating Cash Flow Growth	-47.78%	51.80%	-44.42%	85.62%	70.48%	-15.39%
Capital Expenditures	-10.1	-8.53	-6.69	-3.02	-5.6	-8.99
Sale of Property, Plant and Equipment	0.01	0.28	0.6	2.99	0.75	0.16
Investment in Securities	-153.81	-111.84	4.2	-89.03	-218.28	-48.52
Divestitures	-	-	-	-	-2.68	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	-263.22	-300	-387.28	-462.43	-267.9	-341.46
Other Investing Activities	-7	-5.35	-6.76	-3.52	-1.8	-
Investing Cash Flow	-434.12	-425.44	-395.93	-555	-495.51	-398.81
Short-Term Debt Issued	-	-	35.39	-	79.1	15.69
Long-Term Debt Issued	-	10	240	42.91	73.64	60
Total Debt Issued	141.26	10	275.39	42.91	152.73	75.69
Short-Term Debt Repaid	-	-108.21	-	-3.12	-	-
Long-Term Debt Repaid	-	-90.83	-80.35	-94	-20	-20
Total Debt Repaid	-191.24	-199.04	-80.35	-97.12	-20	-20
Net Debt Issued (Repaid)	-49.98	-189.04	195.04	-54.22	132.73	55.69
Issuance of Common Stock	0.86	0.86	0.94	0.95	0.98	0.87
Repurchase of Common Stock	-	-	-	-	-21.38	-6.59
Common Dividends Paid	-23.21	-22.47	-21	-19.6	-18.52	-17.93
Net Increase (Decrease) in Deposit Accounts	563.9	797.45	188.11	-370.38	686.28	721.17
Financing Cash Flow	491.57	586.8	363.08	-443.25	780.09	753.2
Net Cash Flow	98.44	262.48	33.76	-878.39	349.15	392.28
Free Cash Flow	30.89	92.59	59.93	116.85	58.97	28.89
Free Cash Flow Growth	-58.35%	54.50%	-48.71%	98.14%	104.14%	-7.66%
Free Cash Flow Margin	13.53%	41.32%	27.49%	63.58%	31.95%	18.84%
Free Cash Flow Per Share	1.91	5.74	3.74	7.37	3.69	1.78
Cash Interest Paid	134.01	129.23	72.02	21.77	20.35	27.7
Cash Income Tax Paid	9.8	21.4	24.85	11.2	17.55	10.95

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q