MBWM NASDAQ
Mercantile Bank Corporation
1W: +2.9%
1M: +4.3%
3M: -2.1%
YTD: +10.5%
1Y: +17.2%
3Y: +134.2%
5Y: +89.7%
$52.20
-0.39 (-0.74%)
Weekly Expected Move ±3.4%
$46
$48
$50
$52
$53
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Income Statement
Cash Flow
Balance Sheet
Earnings
Dividends
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Cash Flow Trends
Operating Cash Flow
$18M
-82.2% ▼
5Y CAGR: -13.9%
Capital Expenditures
$7M
+20.7% ▲
5Y CAGR: -5.5%
Free Cash Flow
$11M
-87.9% ▼
5Y CAGR: -17.2%
Dividends Paid
$24M
-6.6% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$80M
-69.4% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $59M | $61M | $82M | $80M | $89M |
| Depreciation & Amort. | $14M | $13M | $11M | $11M | $0 |
| Stock-Based Comp. | $4M | $3M | $3M | $3M | $0 |
| Change in Working Capital | -$15M | $26M | -$20M | $501K | -$81M |
| Other Non-Cash Items | $710K | $18M | -$8M | $8M | $10M |
| Operating Cash Flow | $65M | $120M | $67M | $101M | $18M |
| — Investing Activities — | |||||
| Capital Expenditures | -$6M | -$3M | -$7M | -$9M | $0 |
| Acquisitions (Net) | -$3M | $0 | $0 | $0 | $0 |
| Investment Purchases | -$299M | -$107M | -$20M | -$174M | $0 |
| Investment Sales | $80M | $18M | $24M | $62M | $0 |
| Other Investing | -$269M | -$463M | -$393M | -$305M | -$106M |
| Investing Cash Flow | -$496M | -$555M | -$396M | -$425M | -$106M |
| — Financing Activities — | |||||
| Net Debt Issuance | $54M | -$51M | $160M | -$81M | -$31M |
| Stock Repurchased | -$21M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$19M | -$20M | -$21M | -$22M | -$24M |
| Other Financing | $765M | -$373M | $224M | $689M | $222M |
| Financing Cash Flow | $780M | -$443M | $363M | $587M | $168M |
| Net Change in Cash | $349M | -$878M | $34M | $262M | $80M |
| Cash End of Period | $975M | $97M | $131M | $393M | $473M |
| Free Cash Flow | $59M | $117M | $60M | $93M | $11M |