Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
60.54
+0.46 (0.77%)
Aug 3, 2026, 11:44 AM EDT - Market open
Mercantile Bank Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 95.21 | 88.75 | 79.59 | 82.22 | 61.06 | 59.02 |
Depreciation & Amortization | 5.3 | 5.8 | 10.51 | 11.5 | 12.95 | 13.54 |
Provision for Credit Losses | -4.1 | 3.2 | 7.4 | 7.7 | 6.55 | -4.3 |
Stock-Based Compensation | 4.23 | 3.92 | 3.74 | 3.73 | 3.74 | 4.13 |
Net Change in Loans Held-for-Sale | -3.7 | -1.34 | 2.78 | -15.04 | 12.55 | 6.77 |
Other Adjustments | -3.79 | -1.12 | -3.4 | -3.23 | -2.91 | 0.05 |
Changes in Accrued Interest and Accounts Receivable | 0.1 | -0.13 | -1.6 | -4.33 | -6.17 | 1.53 |
Changes in Accounts Payable | -12.64 | -22.01 | 27.89 | 14.25 | 32.52 | -3.51 |
Changes in Other Operating Activities | -10.36 | -59.1 | -25.8 | -30.19 | -0.44 | -12.66 |
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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Change in Loans Held-for-Investment | -14.74 | -19.25 | -300 | -387.28 | -462.43 | -267.9 |
Net Change in Securities and Investments | -90.3 | -136.05 | -118.84 | -3.09 | -93.25 | -220.28 |
Cash Acquisitions | - | 53.57 | 0 | 0 | - | - |
Capital Expenditures | -3.91 | -6.76 | -8.53 | -6.69 | -3.02 | -5.6 |
Sale of Property, Plant & Equipment | - | 0 | 0.57 | 1.13 | 3.06 | 0.95 |
Other Investing Activities | 2.98 | 2.79 | 1.36 | 0 | 0.63 | -2.68 |
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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Change in Deposits | 110.87 | 111.19 | 797.45 | 188.11 | -370.38 | 686.28 |
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements | -25.32 | 110.77 | -108.21 | 35.39 | -3.12 | 79.1 |
Long-Term Debt Issued | 30 | 50 | 10 | 240 | 42.91 | 73.64 |
Long-Term Debt Repaid | -65.9 | -80.86 | -90.83 | -80.35 | -94 | -20 |
Net Long-Term Debt Issued (Repaid) | -35.9 | -30.86 | -80.83 | 159.65 | -51.09 | 53.64 |
Issuance of Common Stock | 0.91 | 0.9 | 0.86 | 0.94 | 0.95 | 0.98 |
Repurchase of Common Stock | - | - | - | - | - | -21.38 |
Net Common Stock Issued (Repurchased) | 0.91 | 0.9 | 0.86 | 0.94 | 0.95 | -20.41 |
Common Dividends Paid | -25.42 | -23.95 | -22.47 | -21 | -19.6 | -18.52 |
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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 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 '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 68.43 | 11.21 | 92.59 | 59.93 | 116.85 | 58.97 |
Free Cash Flow Growth | 117.37% | -87.89% | 54.50% | -48.71% | 98.14% | 104.14% |
FCF Margin | 25.83% | 4.68% | 41.32% | 27.49% | 63.58% | 31.95% |
Free Cash Flow Per Share | 4.08 | 0.69 | 5.74 | 3.74 | 7.37 | 3.69 |