Mercantile Bank Corp (MBWM)
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[[ session ]] by (Cboe BZX)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2025 | 12-2024 | 12-2023 | 12-2022 | 12-2021 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 88,753 | 79,593 | 82,217 | 61,063 | 59,021 |
| Depreciation Amortization | 5,797 | 10,505 | 11,496 | 12,945 | 13,678 |
| Income taxes - deferred | 2,085 | -397 | -2,036 | -1,353 | 2,020 |
| Other Working Capital | -82,573 | 3,396 | -35,309 | 38,474 | -7,869 |
| Loans | -1,336 | 2,895 | -15,042 | 12,552 | 6,771 |
| Other Operating Activity | 5,247 | 5,126 | 25,287 | -3,819 | -9,048 |
| Operating Cash Flow | $17,973 | $101,118 | $66,613 | $119,862 | $64,573 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -6,764 | -8,530 | -6,687 | -3,017 | -5,602 |
| Net Acquisitions | 53,569 | N/A | N/A | N/A | -2,679 |
| Purchase Of Investment | -203,366 | -173,618 | -23,733 | -107,011 | -298,708 |
| Sale Of Investment | 67,317 | 61,777 | 24,142 | 18,265 | 80,432 |
| Net Loans | -19,250 | -299,995 | -387,283 | -462,427 | -267,899 |
| Other Investing Activity | 2,790 | -5,070 | -2,371 | -809 | -1,051 |
| Investing Cash Flow | $-105,704 | $-425,436 | $-395,932 | $-554,999 | $-495,507 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | 110,770 | -108,213 | 35,394 | -3,123 | 79,098 |
| Debt Issued | 50,000 | 10,000 | 240,000 | 42,908 | 73,635 |
| Debt Repayment | -80,862 | -90,827 | -80,353 | -94,000 | -20,000 |
| Common Stock Issued | 772 | 810 | 891 | 903 | 927 |
| Common Stock Repurchased | 128 | 50 | 45 | 45 | -21,332 |
| Dividend Paid | -23,951 | -22,473 | -21,004 | -19,602 | -18,524 |
| Financing Cash Flow | $168,045 | $586,795 | $363,080 | $-443,251 | $780,088 |
| Beginning Cash Position | 393,010 | 130,533 | 96,772 | 975,160 | 626,006 |
| End Cash Position | 473,324 | 393,010 | 130,533 | 96,772 | 975,160 |
| Net Cash Flow | $80,314 | $262,477 | $33,761 | $-878,388 | $349,154 |
| Free Cash Flow | |||||
| Operating Cash Flow | 17,973 | 101,118 | 66,613 | 119,862 | 64,573 |
| Capital Expenditure | -6,764 | -8,530 | -6,687 | -3,017 | -5,602 |
| Free Cash Flow | 11,209 | 92,588 | 59,926 | 116,845 | 58,971 |