Mercantile Bank Corp (MBWM)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] by (Cboe BZX)
[[ item.lastPrice ]] [[ item.priceChange ]] ([[ item.percentChange ]]) [[ item.tradeTime ]] [NASDAQ]
[[ item.bidPrice ]] x [[ item.bidSize ]] [[ item.askPrice ]] x [[ item.askSize ]]
[[ session ]] [[ item.lastPriceExt ]] [[ item.priceChangeExt ]] ([[ item.percentChangeExt ]]) [[ item.tradeTimeExt ]]
Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2024 | 12-2023 | 12-2022 | 12-2021 | 12-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 79,593 | 82,217 | 61,063 | 59,021 | 44,138 |
| Depreciation Amortization | 10,505 | 11,496 | 12,945 | 13,678 | 9,425 |
| Income taxes - deferred | -397 | -2,036 | -1,353 | 2,020 | -4,141 |
| Other Working Capital | 3,396 | -35,309 | 38,474 | -7,869 | -27,837 |
| Loans | 2,895 | -15,042 | 12,552 | 6,771 | -17,899 |
| Other Operating Activity | 5,126 | 25,287 | -3,819 | -9,048 | 34,191 |
| Operating Cash Flow | $101,118 | $66,613 | $119,862 | $64,573 | $37,877 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -8,530 | -6,687 | -3,017 | -5,602 | -8,989 |
| Net Acquisitions | N/A | N/A | N/A | -2,679 | N/A |
| Purchase Of Investment | -173,618 | -23,733 | -107,011 | -298,708 | -369,682 |
| Sale Of Investment | 61,777 | 24,142 | 18,265 | 80,432 | 321,164 |
| Net Loans | -299,995 | -387,283 | -462,427 | -267,899 | -341,461 |
| Other Investing Activity | -5,070 | -2,371 | -809 | -1,051 | 162 |
| Investing Cash Flow | $-425,436 | $-395,932 | $-554,999 | $-495,507 | $-398,806 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -108,213 | 35,394 | -3,123 | 79,098 | 15,690 |
| Debt Issued | 10,000 | 240,000 | 42,908 | 73,635 | 60,000 |
| Debt Repayment | -90,827 | -80,353 | -94,000 | -20,000 | -20,000 |
| Common Stock Issued | 810 | 891 | 903 | 927 | 817 |
| Common Stock Repurchased | 50 | 45 | 45 | -21,332 | -6,542 |
| Dividend Paid | -22,473 | -21,004 | -19,602 | -18,524 | -17,930 |
| Financing Cash Flow | $586,795 | $363,080 | $-443,251 | $780,088 | $753,204 |
| Beginning Cash Position | 130,533 | 96,772 | 975,160 | 626,006 | 233,731 |
| End Cash Position | 393,010 | 130,533 | 96,772 | 975,160 | 626,006 |
| Net Cash Flow | $262,477 | $33,761 | $-878,388 | $349,154 | $392,275 |
| Free Cash Flow | |||||
| Operating Cash Flow | 101,118 | 66,613 | 119,862 | 64,573 | 37,877 |
| Capital Expenditure | -8,530 | -6,687 | -3,017 | -5,602 | -8,989 |
| Free Cash Flow | 92,588 | 59,926 | 116,845 | 58,971 | 28,888 |