Mercantile Bank Corporation (MBWM)

Mercantile Bank Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	95.21	88.75	79.59	82.22	61.06	59.02
Depreciation & Amortization	7.34	5.8	10.51	11.5	12.95	13.68
Gain (Loss) on Sale of Assets	0.11	0.02	-0.36	0.05	0.17	-1.03
Gain (Loss) on Sale of Investments	-0.26	0.06	-0.2	0.26	-0.05	0.22
Provision for Credit Losses	-4.1	3.2	7.4	7.7	6.55	-4.3
Net Decrease (Increase) in Loans Originated / Sold - Operating	9.41	11.25	14.58	-8.51	20.75	37.17
Accrued Interest Receivable	0.1	-0.13	-1.6	-4.33	-6.17	1.53
Change in Other Net Operating Assets	-10.36	-59.1	-25.8	-30.19	-0.44	-12.66
Other Operating Activities	-3.59	-1.21	-2.95	-3.54	-3.03	0.86
Operating Cash Flow	72.33	17.97	101.12	66.61	119.86	64.57
Operating Cash Flow Growth	76.47%	-82.23%	51.80%	-44.42%	85.62%	70.48%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-4.13	-6.76	-8.53	-6.69	-3.02	-5.6
Sale of Property, Plant and Equipment	-	-	0.28	0.6	2.99	0.75
Cash Acquisitions	53.57	53.57	-	-	-	-
Investment in Securities	-88.15	-136.05	-111.84	4.2	-89.03	-218.28
Divestitures	-	-	-	-	-	-2.68
Net Decrease (Increase) in Loans Originated / Sold - Investing	-14.74	-19.25	-300	-387.28	-462.43	-267.9
Other Investing Activities	-9.18	2.79	-5.35	-6.76	-3.52	-1.8
Investing Cash Flow	-62.63	-105.7	-425.44	-395.93	-555	-495.51

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	110.77	-	35.39	-	79.1
Long-Term Debt Issued	-	50	10	240	42.91	73.64
Total Debt Issued	49.51	160.77	10	275.39	42.91	152.73
Short-Term Debt Repaid	-	-	-108.21	-	-3.12	-
Long-Term Debt Repaid	-	-80.86	-90.83	-80.35	-94	-20
Total Debt Repaid	-100.72	-80.86	-199.04	-80.35	-97.12	-20
Net Debt Issued (Repaid)	-51.21	79.91	-189.04	195.04	-54.22	132.73
Issuance of Common Stock	0.91	0.9	0.86	0.94	0.95	0.98
Repurchase of Common Stock	-	-	-	-	-	-21.38
Common Dividends Paid	-25.42	-23.95	-22.47	-21	-19.6	-18.52
Net Increase (Decrease) in Deposit Accounts	110.87	111.19	797.45	188.11	-370.38	686.28
Financing Cash Flow	35.15	168.05	586.8	363.08	-443.25	780.09

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	44.86	80.31	262.48	33.76	-878.39	349.15

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	68.2	11.21	92.59	59.93	116.85	58.97
Free Cash Flow Growth	120.78%	-87.89%	54.50%	-48.71%	98.14%	104.14%
Free Cash Flow Margin	25.84%	4.70%	41.45%	27.49%	63.58%	31.95%
Free Cash Flow Per Share	4.07	0.69	5.74	3.74	7.37	3.69

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	126.84	129.43	129.23	72.02	21.77	20.35
Cash Income Tax Paid	15.79	44.84	21.4	24.85	11.2	17.55

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 21, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 21, 2026

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