Mercantile Bank Corp (MBWM)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 06-2026 | 03-2026 | 12-2025 | 09-2025 | 06-2025 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 48,612 | 22,685 | 88,753 | 65,913 | 42,155 |
| Depreciation Amortization | 2,875 | 1,697 | 5,797 | 4,408 | 3,064 |
| Income taxes - deferred | N/A | N/A | 2,085 | N/A | N/A |
| Other Working Capital | -4,991 | 5,514 | -82,573 | -63,187 | -60,963 |
| Loans | -14,112 | -4,588 | -1,336 | -1,609 | -11,745 |
| Other Operating Activity | 11,194 | 3,001 | 5,247 | 6,799 | 16,708 |
| Operating Cash Flow | $43,578 | $28,309 | $17,973 | $12,324 | $-10,781 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -1,266 | -938 | -6,764 | -6,537 | -3,898 |
| Net Acquisitions | N/A | N/A | 53,569 | N/A | N/A |
| Purchase Of Investment | -83,433 | -45,080 | -203,366 | -143,155 | -104,552 |
| Sale Of Investment | 52,808 | 15,386 | 67,317 | 48,574 | 28,180 |
| Net Loans | -92,505 | 5,708 | -19,250 | -13,604 | -97,017 |
| Other Investing Activity | -9,814 | 186 | 2,790 | 1,062 | 0 |
| Investing Cash Flow | $-134,210 | $-24,738 | $-105,704 | $-113,660 | $-177,287 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | -14,821 | -12,778 | 110,770 | 129,978 | 121,264 |
| Debt Issued | 30,000 | 20,000 | 50,000 | 20,000 | 20,000 |
| Debt Repayment | -55,899 | -33,399 | -80,862 | -60,862 | -50,862 |
| Common Stock Issued | 338 | 181 | 772 | 589 | 405 |
| Common Stock Repurchased | 105 | 46 | 128 | 73 | 27 |
| Dividend Paid | -13,274 | -6,634 | -23,951 | -17,880 | -11,810 |
| Financing Cash Flow | $-41,761 | $102,409 | $168,045 | $185,345 | $91,130 |
| Beginning Cash Position | 473,324 | 473,324 | 393,010 | 393,010 | 393,010 |
| End Cash Position | 340,931 | 579,304 | 473,324 | 477,019 | 296,072 |
| Net Cash Flow | $-132,393 | $105,980 | $80,314 | $84,009 | $-96,938 |
| Free Cash Flow | |||||
| Operating Cash Flow | 43,578 | 28,309 | 17,973 | 12,324 | -10,781 |
| Capital Expenditure | -1,266 | -938 | -6,764 | -6,537 | -3,898 |
| Free Cash Flow | 42,312 | 27,371 | 11,209 | 5,787 | -14,679 |