Mercantile Bank Corporation
MBWM · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $80 | $82 | $61 | $59 |
| Dep. & Amort. | $11 | $11 | $13 | $14 |
| Deferred Tax | -$0 | -$2 | -$1 | $2 |
| Stock-Based Comp. | $3 | $3 | $3 | $4 |
| Change in WC | $1 | -$20 | $26 | -$15 |
| Other Non-Cash | $8 | -$8 | $18 | $1 |
| Operating Cash Flow | $101 | $67 | $120 | $65 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$9 | -$7 | -$3 | -$6 |
| Net Acquisitions | $0 | $0 | $0 | -$3 |
| Inv. Purchases | -$174 | -$20 | -$107 | -$299 |
| Inv. Sales/Matur. | $62 | $24 | $18 | $80 |
| Other Inv. Act. | -$305 | -$393 | -$463 | -$269 |
| Investing Cash Flow | -$425 | -$396 | -$555 | -$496 |
| Financing Activities | – | – | – | – |
| Debt Repay. | -$81 | $160 | -$51 | $54 |
| Stock Issued | $1 | $1 | $1 | $1 |
| Stock Repurch. | $0 | $0 | $0 | -$21 |
| Dividends Paid | -$22 | -$21 | -$20 | -$19 |
| Other Fin. Act. | $689 | $224 | -$373 | $765 |
| Financing Cash Flow | $587 | $363 | -$443 | $780 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Chg. in Cash | $262 | $34 | -$878 | $349 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $131 | $97 | $975 | $626 |
| End Cash | $393 | $131 | $97 | $975 |
| Free Cash Flow | $93 | $60 | $117 | $59 |