Mercantile Bank Corporation (MBWM)
NASDAQ: MBWM · Real-Time Price · USD
60.42
+1.71 (2.91%)
Oct 22, 2026, 4:00 PM EDT - Market closed
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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 88.75 | 79.59 | 82.22 | 61.06 | 59.02 |
Depreciation & Amortization | 5.8 | 10.51 | 11.5 | 12.95 | 13.68 |
Gain (Loss) on Sale of Assets | 0.02 | -0.36 | 0.05 | 0.17 | -1.03 |
Gain (Loss) on Sale of Investments | 0.06 | -0.2 | 0.26 | -0.05 | 0.22 |
Provision for Credit Losses | 3.2 | 7.4 | 7.7 | 6.55 | -4.3 |
Net Decrease (Increase) in Loans Originated / Sold - Operating | 11.25 | 14.58 | -8.51 | 20.75 | 37.17 |
Accrued Interest Receivable | -0.13 | -1.6 | -4.33 | -6.17 | 1.53 |
Change in Other Net Operating Assets | -59.1 | -25.8 | -30.19 | -0.44 | -12.66 |
Other Operating Activities | -1.21 | -2.95 | -3.54 | -3.03 | 0.86 |
Operating Cash Flow | 17.97 | 101.12 | 66.61 | 119.86 | 64.57 |
Operating Cash Flow Growth | -82.23% | 51.80% | -44.42% | 85.62% | 70.48% |
Investing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Capital Expenditures | -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 | - | - | - | - |
Investment in Securities | -136.05 | -111.84 | 4.2 | -89.03 | -218.28 |
Divestitures | - | - | - | - | -2.68 |
Net Decrease (Increase) in Loans Originated / Sold - Investing | -19.25 | -300 | -387.28 | -462.43 | -267.9 |
Other Investing Activities | 2.79 | -5.35 | -6.76 | -3.52 | -1.8 |
Investing Cash Flow | -105.7 | -425.44 | -395.93 | -555 | -495.51 |
Financing Activities
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 |
Short-Term Debt Issued | 110.77 | - | 35.39 | - | 79.1 |
Long-Term Debt Issued | 50 | 10 | 240 | 42.91 | 73.64 |
Total Debt Issued | 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 | -80.86 | -199.04 | -80.35 | -97.12 | -20 |
Net Debt Issued (Repaid) | 79.91 | -189.04 | 195.04 | -54.22 | 132.73 |
Issuance of Common Stock | 0.9 | 0.86 | 0.94 | 0.95 | 0.98 |
Repurchase of Common Stock | - | - | - | - | -21.38 |
Common Dividends Paid | -23.95 | -22.47 | -21 | -19.6 | -18.52 |
Net Increase (Decrease) in Deposit Accounts | 111.19 | 797.45 | 188.11 | -370.38 | 686.28 |
Financing Cash Flow | 168.05 | 586.8 | 363.08 | -443.25 | 780.09 |
Net Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 80.31 | 262.48 | 33.76 | -878.39 | 349.15 |
Free Cash Flow
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
Period Ending | 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 | 11.21 | 92.59 | 59.93 | 116.85 | 58.97 |
Free Cash Flow Growth | -87.89% | 54.50% | -48.71% | 98.14% | 104.14% |
Free Cash Flow Margin | 4.70% | 41.45% | 27.49% | 63.58% | 31.95% |
Free Cash Flow Per Share | 0.69 | 5.74 | 3.74 | 7.37 | 3.69 |