Mercantile Bank Corporation
NASDAQ:MBWM
43.46 (USD) • At close January 14, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities: | ||||||||||||||||||||||||||
| Net Income
| 82.217 | 61.063 | 59.021 | 44.138 | 49.456 | 42.024 | 31.274 | 31.913 | 27.02 | 17.331 | 17.033 | 12.535 | 37.485 | -13.316 | -52.087 | -4.959 | 8.966 | 19.847 | 17.901 | 13.721 | 10.016 | 7.757 | 4.483 | 2.795 | 2.1 | -1.109 |
| Depreciation & Amortization
| 11.496 | 12.945 | 13.678 | 9.425 | 9.553 | 9.766 | 10.358 | 9.576 | 11.654 | 7.613 | 2.208 | 2.238 | 2.2 | 2.44 | 2.577 | 2.762 | 3.08 | 2.887 | 2.555 | 1.699 | 1.948 | 1.366 | 0.651 | 0.59 | 0.5 | 0.27 |
| Deferred Income Tax
| -2.036 | -1.353 | 2.02 | -4.141 | 0.026 | -0.372 | 0.831 | -0.812 | 4.412 | 4.506 | 8.092 | 5.636 | -27.361 | -0.047 | 9.973 | -1.558 | -2.103 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Based Compensation
| 3.384 | 3.377 | 3.784 | 2.325 | 2.931 | 2.41 | 1.981 | 1.459 | 0.684 | 0.714 | 0.473 | 0.054 | 0.061 | 0.275 | 0.611 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change In Working Capital
| -20.267 | 25.922 | -14.416 | -9.914 | -10.502 | 7.71 | -2.353 | -1.572 | -0.951 | -8.038 | 8.421 | 0.981 | 3.123 | 6.792 | -27.006 | -48.094 | 1.521 | 2.196 | 1.026 | -1.444 | -1.836 | -1.839 | -6.794 | 2.582 | -1.5 | -189.5 |
| Accounts Receivables
| -4.33 | -6.165 | 1.528 | -0.917 | -0.048 | -1.126 | -1.056 | 0.122 | -0.321 | -0.011 | 0.225 | 0.529 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payables
| 14.252 | 32.524 | 0.335 | 1.895 | -2.818 | 11.029 | -0.943 | -1.046 | 4.185 | -9.822 | -0.269 | 2.257 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0.2 |
| Other Working Capital
| -30.189 | -0.437 | -16.279 | -10.892 | -7.636 | -2.193 | -0.354 | -0.648 | -4.815 | 1.795 | 8.465 | -1.805 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -189.3 |
| Other Non Cash Items
| -8.181 | 17.908 | 0.486 | -3.956 | -6.697 | 0.199 | -3.426 | -5.962 | -6.815 | -7.712 | -7.72 | -4.423 | 6.998 | 33.458 | 57.157 | 65.484 | 9.25 | 4.822 | 3.56 | 4.371 | 3.479 | 2.732 | 2.163 | 2.079 | 2 | 190.759 |
| Operating Cash Flow
| 66.613 | 119.862 | 64.573 | 37.877 | 44.767 | 61.737 | 38.665 | 34.602 | 36.004 | 14.414 | 28.507 | 17.021 | 22.506 | 29.602 | -8.775 | 13.635 | 20.714 | 29.752 | 25.042 | 18.347 | 13.607 | 10.016 | 0.503 | 8.046 | 3.1 | 0.42 |
| Investing Activities: | ||||||||||||||||||||||||||
| Investments In Property Plant And Equipment
| -6.687 | -3.017 | -5.602 | -8.989 | -13.484 | -6.318 | -5.423 | -2.025 | -1.081 | -2.15 | -0.326 | -0.571 | -0.556 | -0.118 | -0.044 | -0.673 | -3.513 | -5.911 | -7.677 | -10.516 | -4.293 | -3.527 | -5.994 | -1.099 | -1.9 | -1.08 |
| Acquisitions Net
| 0 | 2.994 | -2.679 | 0.162 | -98.766 | -191.592 | -178.348 | -97.237 | -188.932 | -90.853 | -15.298 | 0.571 | 0 | 233.958 | 251.924 | 0.673 | 3.513 | 5.911 | 7.677 | 10.516 | 4.293 | 3.527 | 5.994 | 1.099 | 1.9 | 0 |
| Purchases Of Investments
| -19.941 | -107.011 | -298.708 | -369.682 | -62.084 | -48.664 | -67.027 | -164.336 | -10.645 | -19.874 | -49.812 | -69.956 | -28.835 | -106.329 | -75.202 | -103.218 | -22.288 | -29.453 | -49.225 | -65.06 | -72.705 | -52.858 | -50.097 | -27.289 | -25.7 | 0 |
| Sales Maturities Of Investments
| 24.142 | 17.984 | 80.432 | 321.164 | 79.478 | 40.308 | 60.123 | 172.437 | 95.356 | 75.88 | 45.119 | 102.672 | 243.667 | 127.932 | 58.613 | 75.411 | 15.19 | 9.131 | 18.272 | 33.386 | 46.631 | 35.745 | 32.185 | 10.216 | 6.5 | 0 |
| Other Investing Activites
| -393.446 | -465.949 | -268.95 | -341.461 | 2.018 | -4.214 | -0.797 | -5.4 | 9.099 | 101.76 | 7.898 | 34.014 | 13.446 | 16.236 | 7.276 | -84.002 | -77.076 | -198.189 | -256.687 | -299.26 | -269.798 | -198.915 | -163.616 | -123.019 | -125.2 | -192.98 |
| Investing Cash Flow
| -395.932 | -554.999 | -495.507 | -398.806 | -92.838 | -210.48 | -191.472 | -96.561 | -96.203 | 64.763 | -12.419 | 66.73 | 227.722 | 271.679 | 242.567 | -111.809 | -84.174 | -218.511 | -287.64 | -330.934 | -295.872 | -216.028 | -181.528 | -140.093 | -144.4 | -194.06 |
| Financing Activities: | ||||||||||||||||||||||||||
| Debt Repayment
| 159.647 | -54.215 | 53.635 | 40 | 4 | 130 | 45 | 107 | 1.202 | -3 | 10 | -17.794 | -30.37 | -147.686 | -65 | 88.663 | 101.69 | -20.56 | 21.222 | 62.762 | 80.748 | 29.187 | 4.516 | 0.043 | 16 | 0 |
| Common Stock Issued
| 0.891 | 0.867 | 0.877 | 0.814 | 0.729 | 1.165 | 1.576 | 2.615 | 0.655 | 0.209 | 0.033 | 0.014 | 0.006 | 0.002 | 20.834 | 0 | 0.147 | 0.336 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock Repurchased
| 0 | 0 | -21.38 | -6.591 | -7.183 | -5.943 | 0 | -11.762 | -15.762 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.3 |
| Dividends Paid
| -21.004 | -19.602 | -18.524 | -17.93 | -17.108 | -27.5 | -12.046 | -18.731 | -9.516 | -24.464 | -3.889 | -1.27 | -1.62 | -0.61 | -1.108 | -2.625 | -4.677 | -4.035 | -3.189 | -2.556 | -1.845 | -0.001 | 0 | 0 | 0 | 0 |
| Other Financing Activities
| 223.546 | -370.301 | 765.48 | 736.911 | 226.01 | -73.726 | 134.782 | 63.097 | 0.773 | -26.149 | -11.445 | -5.07 | -206.07 | -110.524 | -192.576 | 8.51 | -55.722 | 227.551 | 260.423 | 256.487 | 148.779 | 185.036 | 143.336 | 136.455 | 132.4 | 192.99 |
| Financing Cash Flow
| 363.08 | -443.251 | 780.088 | 753.204 | 206.448 | 23.996 | 169.312 | 155.664 | -22.648 | -53.404 | -5.126 | -24.12 | -238.054 | -258.818 | -237.861 | 94.548 | 41.51 | 203.386 | 278.54 | 316.834 | 270.712 | 214.191 | 182.861 | 136.498 | 148.4 | 192.99 |
| Other Information: | ||||||||||||||||||||||||||
| Effect Of Forex Changes On Cash
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 |
| Net Change In Cash
| 33.761 | -878.388 | 349.154 | 392.275 | 158.377 | -124.747 | 16.505 | 93.705 | -82.847 | 25.773 | 10.962 | 59.631 | 12.174 | 42.463 | -4.069 | -3.626 | -21.95 | 14.627 | 15.942 | 4.247 | -11.553 | 8.179 | 1.836 | 4.451 | 7.2 | -0.65 |
| Cash At End Of Period
| 130.533 | 96.772 | 975.16 | 626.006 | 233.731 | 75.354 | 200.101 | 183.596 | 89.891 | 172.738 | 146.965 | 136.003 | 76.372 | 64.198 | 21.735 | 25.804 | 29.43 | 51.38 | 36.753 | 20.811 | 16.564 | 28.117 | 19.938 | 18.102 | 13.7 | -0.65 |