Mercantile Bank Corporation
MBWM · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Operating Activities | – | – | – | – |
| Net Income | $79,593 | $82,217 | $61,063 | $59,021 |
| Dep. & Amort. | $10,505 | $11,496 | $12,945 | $13,678 |
| Deferred Tax | -$397 | -$2,036 | -$1,353 | $2,020 |
| Stock-Based Comp. | $3,316 | $3,384 | $3,377 | $3,784 |
| Change in WC | $501 | -$20,267 | $25,922 | -$14,640 |
| Other Non-Cash | $7,600 | -$8,181 | $17,908 | $710 |
| Operating Cash Flow | $101,118 | $66,613 | $119,862 | $64,573 |
| Investing Activities | – | – | – | – |
| PP&E Inv. | -$8,530 | -$6,687 | -$3,017 | -$5,602 |
| Net Acquisitions | $0 | $0 | $0 | -$2,679 |
| Inv. Purchases | -$173,618 | -$19,941 | -$107,011 | -$298,708 |
| Inv. Sales/Matur. | $61,777 | $24,142 | $17,984 | $80,432 |
| Other Inv. Act. | -$305,065 | -$393,446 | -$462,955 | -$268,950 |
| Investing Cash Flow | -$425,436 | -$395,932 | -$554,999 | -$495,507 |
| Financing Activities | – | – | – | – |
| Debt Repay. | -$80,827 | $159,647 | -$51,092 | $53,635 |
| Stock Issued | $810 | $891 | $867 | $877 |
| Stock Repurch. | $0 | $0 | $0 | -$21,380 |
| Dividends Paid | -$22,473 | -$21,004 | -$19,602 | -$18,524 |
| Other Fin. Act. | $689,285 | $223,546 | -$373,424 | $765,480 |
| Financing Cash Flow | $586,795 | $363,080 | -$443,251 | $780,088 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Chg. in Cash | $262,477 | $33,761 | -$878,388 | $349,154 |
| Supplemental Information | – | – | – | – |
| Beg. Cash | $130,533 | $96,772 | $975,160 | $626,006 |
| End Cash | $393,010 | $130,533 | $96,772 | $975,160 |
| Free Cash Flow | $92,588 | $59,926 | $116,845 | $58,971 |