Mercantile Bank Corp
NASDAQ:MBWM
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| 52 Week Range |
33.62
51.16
|
| Price Target |
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Mercantile Bank Corp
Cash Flow Statement
Cash Flow Statement
Mercantile Bank Corp
| Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Net Income |
14
|
16
|
17
|
20
|
25
|
27
|
27
|
29
|
30
|
30
|
32
|
31
|
31
|
31
|
31
|
35
|
37
|
39
|
42
|
43
|
45
|
48
|
50
|
48
|
45
|
44
|
44
|
48
|
57
|
61
|
59
|
56
|
50
|
51
|
61
|
71
|
79
|
84
|
82
|
83
|
81
|
|
| Depreciation & Amortization |
3
|
5
|
8
|
10
|
11
|
12
|
12
|
12
|
10
|
10
|
10
|
9
|
11
|
11
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
10
|
8
|
8
|
9
|
9
|
12
|
13
|
13
|
14
|
14
|
14
|
13
|
13
|
12
|
12
|
12
|
11
|
11
|
11
|
|
| Change in Deffered Taxes |
0
|
0
|
5
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
|
| Stock-Based Compensation |
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
|
| Other Non-Cash Items |
(1)
|
(2)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(4)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
2
|
2
|
3
|
3
|
2
|
2
|
2
|
2
|
3
|
3
|
2
|
3
|
3
|
3
|
3
|
1
|
2
|
|
| Cash Taxes Paid |
1
|
2
|
0
|
3
|
6
|
6
|
8
|
7
|
9
|
13
|
13
|
12
|
13
|
12
|
16
|
16
|
14
|
13
|
22
|
22
|
22
|
23
|
32
|
32
|
31
|
31
|
28
|
28
|
35
|
34
|
20
|
0
|
13
|
12
|
11
|
0
|
20
|
24
|
72
|
0
|
70
|
|
| Cash Interest Paid |
10
|
11
|
11
|
11
|
12
|
11
|
12
|
12
|
12
|
12
|
15
|
15
|
16
|
17
|
14
|
15
|
17
|
18
|
10
|
12
|
15
|
18
|
12
|
14
|
12
|
10
|
11
|
8
|
7
|
5
|
18
|
16
|
16
|
17
|
22
|
29
|
41
|
55
|
25
|
41
|
56
|
|
| Change in Working Capital |
(3)
|
(12)
|
(12)
|
(8)
|
(15)
|
(6)
|
(2)
|
(2)
|
(4)
|
(8)
|
(2)
|
(2)
|
(2)
|
(0)
|
(1)
|
(1)
|
(2)
|
(0)
|
10
|
1
|
2
|
(8)
|
(13)
|
(25)
|
(37)
|
(13)
|
(14)
|
(13)
|
5
|
(32)
|
(12)
|
20
|
24
|
59
|
45
|
26
|
15
|
14
|
(28)
|
(5)
|
(13)
|
|
| Cash from Operating Activities |
21
N/A
|
15
-28%
|
14
-5%
|
22
+51%
|
21
-5%
|
32
+52%
|
36
+14%
|
38
+6%
|
37
-4%
|
33
-11%
|
35
+6%
|
33
-6%
|
35
+6%
|
37
+8%
|
39
+4%
|
44
+13%
|
44
+2%
|
49
+10%
|
62
+26%
|
51
-17%
|
54
+6%
|
47
-13%
|
45
-4%
|
33
-27%
|
19
-43%
|
41
+122%
|
38
-8%
|
46
+22%
|
73
+57%
|
41
-44%
|
65
+58%
|
94
+45%
|
92
-2%
|
128
+39%
|
120
-6%
|
110
-8%
|
107
-2%
|
111
+3%
|
67
-40%
|
89
+33%
|
78
-12%
|
|
| Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(8)
|
(9)
|
(10)
|
(14)
|
(14)
|
(13)
|
(12)
|
(9)
|
(7)
|
(8)
|
(6)
|
(6)
|
(4)
|
(2)
|
(4)
|
(3)
|
(5)
|
(7)
|
(7)
|
(7)
|
(6)
|
(4)
|
|
| Other Items |
28
|
71
|
67
|
81
|
21
|
(45)
|
(95)
|
(103)
|
(157)
|
(147)
|
(95)
|
(146)
|
(152)
|
(157)
|
(186)
|
(123)
|
(129)
|
(156)
|
(204)
|
(245)
|
(243)
|
(221)
|
(79)
|
(37)
|
(370)
|
(368)
|
(390)
|
(627)
|
(173)
|
(257)
|
(490)
|
(404)
|
(635)
|
(679)
|
(552)
|
(456)
|
(357)
|
(242)
|
(389)
|
(346)
|
(415)
|
|
| Cash from Investing Activities |
27
N/A
|
70
+157%
|
65
-8%
|
79
+22%
|
19
-76%
|
(47)
N/A
|
(96)
-103%
|
(103)
-7%
|
(158)
-53%
|
(149)
+6%
|
(97)
+35%
|
(149)
-54%
|
(156)
-4%
|
(162)
-4%
|
(192)
-18%
|
(129)
+33%
|
(135)
-5%
|
(162)
-20%
|
(211)
-30%
|
(252)
-20%
|
(251)
+0%
|
(232)
+8%
|
(93)
+60%
|
(51)
+45%
|
(382)
-652%
|
(380)
+1%
|
(399)
-5%
|
(634)
-59%
|
(182)
+71%
|
(263)
-45%
|
(496)
-89%
|
(409)
+18%
|
(637)
-56%
|
(682)
-7%
|
(555)
+19%
|
(461)
+17%
|
(364)
+21%
|
(249)
+32%
|
(396)
-59%
|
(352)
+11%
|
(419)
-19%
|
|
| Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
| Net Issuance of Common Stock |
0
|
1
|
0
|
(2)
|
(9)
|
(15)
|
(15)
|
(24)
|
(17)
|
(11)
|
(11)
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(6)
|
(10)
|
(10)
|
(13)
|
(7)
|
(10)
|
(10)
|
(6)
|
(7)
|
(4)
|
(11)
|
(20)
|
(21)
|
(18)
|
(10)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Issuance of Debt |
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
|
0
|
0
|
0
|
0
|
74
|
88
|
88
|
88
|
15
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
| Cash Paid for Dividends |
(23)
|
(23)
|
(25)
|
(26)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(19)
|
(19)
|
(19)
|
(20)
|
(12)
|
(13)
|
(13)
|
(14)
|
(28)
|
(28)
|
(29)
|
(29)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
|
| Other |
35
|
(56)
|
(29)
|
(34)
|
(3)
|
11
|
2
|
51
|
117
|
175
|
185
|
87
|
134
|
179
|
181
|
256
|
128
|
31
|
57
|
243
|
260
|
375
|
231
|
67
|
712
|
689
|
778
|
1 026
|
427
|
531
|
746
|
381
|
206
|
(55)
|
(438)
|
(341)
|
6
|
141
|
384
|
464
|
352
|
|
| Cash from Financing Activities |
12
N/A
|
(79)
N/A
|
(53)
+32%
|
(62)
-16%
|
(20)
+68%
|
(13)
+36%
|
(23)
-78%
|
18
N/A
|
90
+412%
|
154
+72%
|
156
+1%
|
68
-56%
|
116
+70%
|
160
+38%
|
169
+6%
|
243
+44%
|
115
-53%
|
16
-86%
|
24
+46%
|
205
+754%
|
222
+8%
|
333
+50%
|
206
-38%
|
40
-81%
|
684
+1 606%
|
665
-3%
|
753
+13%
|
1 004
+33%
|
397
-60%
|
493
+24%
|
780
+58%
|
433
-45%
|
264
-39%
|
13
-95%
|
(443)
N/A
|
(361)
+18%
|
(15)
+96%
|
120
N/A
|
363
+203%
|
443
+22%
|
331
-25%
|
|
| Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
| Net Change in Cash |
61
N/A
|
6
-89%
|
26
+302%
|
39
+51%
|
20
-49%
|
(29)
N/A
|
(83)
-191%
|
(48)
+43%
|
(32)
+34%
|
38
N/A
|
94
+147%
|
(48)
N/A
|
(5)
+89%
|
35
N/A
|
17
-53%
|
158
+858%
|
24
-85%
|
(97)
N/A
|
(125)
-29%
|
4
N/A
|
25
+562%
|
149
+506%
|
158
+7%
|
22
-86%
|
321
+1 365%
|
326
+2%
|
392
+20%
|
416
+6%
|
288
-31%
|
271
-6%
|
349
+29%
|
118
-66%
|
(280)
N/A
|
(541)
-93%
|
(878)
-62%
|
(712)
+19%
|
(271)
+62%
|
(18)
+93%
|
34
N/A
|
179
+431%
|
(10)
N/A
|
|
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