MBWM - NASDAQ
Mercantile Bank Corporation
$50.91
-3.7%Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
At a Glance
Live SnapshotMercantile Bank Corporation Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
Mercantile Bank Corporation Cash Flow Statement
MBWM • NASDAQ
| Mercantile Bank Corporation Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
88.8M | 79.6M | 82.2M | 61.1M | 59M | 44.1M | 49.5M | 42M | 31.3M | 31.9M | 27M | 17.3M | 17M | 12.5M | 37.5M | -13.3M | -52.1M | -5M | 9M | 19.8M | |
0.0 | 10.5M | 11.5M | 12.9M | 13.7M | 9.4M | 9.6M | 9.8M | 10.4M | 9.6M | 11.7M | 7.6M | 2.2M | 2.2M | 2.2M | 2.4M | 2.6M | 2.8M | 3.1M | 2.9M | |
0.0 | -397K | -2M | -1.4M | 2M | -4.1M | 26K | -372K | 831K | -812K | 4.4M | 4.5M | 8.1M | 5.6M | -27.4M | -47K | 10M | -1.6M | -2.1M | -474K | |
0.0 | 3.3M | 3.4M | 3.4M | 3.8M | 2.3M | 2.9M | 2.4M | 2M | 1.5M | 684K | 714K | 473K | 54K | 61K | 275K | 611K | 654K | 0.0 | 0.0 | |
10.5M | 7.6M | -8.2M | 17.9M | 710K | -3.9M | -6.7M | 199K | -3.4M | -6M | -6.8M | -7.7M | -7.7M | -4.4M | 7M | 33.5M | 57.2M | 21M | 42.8M | 22.7M | |
(44.8M) | (21.4M) | (24.9M) | (11.2M) | (17.6M) | (11M) | (12M) | (10.1M) | (14.2M) | (15.1M) | (8M) | (2.6M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
-81.2M | 501K | -20.3M | 25.9M | -14.6M | -9.9M | -10.5M | 7.7M | -2.4M | -1.6M | -951K | -8M | 8.6M | 991K | 3.1M | 6.8M | -27M | -4.3M | -33.4M | -17.2M | |
18M | 101.1M | 66.6M | 119.9M | 64.6M | 37.9M | 44.8M | 61.7M | 38.7M | 34.6M | 36M | 14.4M | 28.5M | 17M | 22.5M | 29.6M | -8.8M | 13.6M | 19.4M | 27.8M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
(0.0) | -8.5M | -6.7M | -3M | -5.6M | -9M | -13.5M | -6.3M | -5.4M | -2M | -1.1M | -2.2M | -326K | -571K | -556K | -118K | -44K | -673K | -3.5M | -5.9M | |
(0.0) | (0.0) | (0.0) | (0.0) | -2.7M | (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) | |
(0.0) | -173.6M | -19.9M | -107M | -298.7M | -369.7M | -62.1M | -48.7M | -67M | -164.3M | -10.6M | -19.9M | -49.8M | -70M | -28.8M | -106.3M | -73.1M | -98.9M | -22.3M | -29.5M | |
0.0 | 61.8M | 24.1M | 18M | 80.4M | 321.2M | 79.5M | 40.3M | 60.1M | 172.4M | 95.4M | 75.9M | 45.1M | 102.7M | 80.7M | 127.9M | 57.6M | 75.4M | 15.2M | 9.1M | |
-105.7M | -305.1M | -393.4M | -463M | -269M | -341.3M | -96.7M | -195.8M | -179.1M | -102.6M | -179.8M | 10.9M | -7.4M | 34.6M | 176.4M | 250.2M | 258.1M | -87.7M | -72.2M | -190.4M | |
-105.7M | -425.4M | -395.9M | -555M | -495.5M | -398.8M | -92.8M | -210.5M | -191.5M | -96.6M | -96.2M | (64.8M) | -12.4M | (66.7M) | (227.7M) | (271.7M) | (242.6M) | -111.8M | -82.8M | -216.6M | |
FINANCING ACTIVITIES | ||||||||||||||||||||
900K | 810K | 891K | 867K | -20.5M | -5.8M | -6.5M | -4.8M | 1.6M | -2.1M | -15.1M | 209K | 33K | 14K | 6K | 2K | 20.8M | 0.0 | 219K | 430K | |
-30.9M | -80.8M | 159.6M | -51.1M | 53.6M | 40M | 4M | 130M | 45M | 107M | 14M | -3M | 10M | -10M | -30.4M | -147.7M | -65M | 90.5M | 101.7M | -20.6M | |
-24M | -22.5M | -21M | -19.6M | -18.5M | -17.9M | -17.1M | -27.5M | -12M | -18.7M | -9.5M | -24.5M | -3.9M | -1.3M | -1.6M | -610K | -1.1M | -2.6M | -4.7M | -4M | |
(0.0) | (0.0) | (0.0) | (0.0) | -21.4M | -6.6M | -7.2M | -5.9M | (0.0) | -11.8M | -15.8M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
222M | 689.3M | 223.5M | -373.4M | 765.5M | 736.9M | 226M | -73.7M | 134.8M | 77.6M | -12M | -26.1M | -11.4M | 8.1M | -206.1M | -110.5M | -192.6M | 6.6M | -55.7M | 227.6M | |
168M | 586.8M | 363.1M | -443.3M | 780.1M | 753.2M | 206.4M | 24M | 169.3M | 155.7M | -22.6M | -53.4M | -5.3M | -24.1M | -238.1M | -258.8M | -237.9M | 94.5M | 41.5M | 203.4M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
80.3M | 262.5M | 33.8M | -878.4M | 349.2M | 392.3M | 158.4M | -124.7M | 16.5M | 93.7M | -82.8M | 25.8M | 11M | 59.6M | 12.2M | 42.5M | -4.1M | -3.6M | -22M | 14.6M | |
393M | 130.5M | 96.8M | 975.2M | 626M | 233.7M | 75.4M | 200.1M | 183.6M | 89.9M | 172.7M | 147M | 136M | 76.4M | 64.2M | 21.7M | 25.8M | 29.4M | 51.4M | 36.8M | |
473.3M | 393M | 130.5M | 96.8M | 975.2M | 626M | 233.7M | 75.4M | 200.1M | 183.6M | 89.9M | 172.7M | 147M | 136M | 76.4M | 64.2M | 21.7M | 25.8M | 29.4M | 51.4M | |
11.2M | 92.6M | 59.9M | 116.8M | 59M | 28.9M | 31.3M | 55.4M | 33.2M | 32.6M | 34.9M | 12.3M | 28.2M | 16.5M | 22M | 29.5M | -8.8M | 13M | 15.9M | 21.9M |
SEC Filings
MBWM - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 21, 2026 | May 21, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | May 01, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 21, 2026 | April 21, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 02, 2026 | May 21, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 19, 2026 | March 19, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 27, 2026 | December 31, 2025 | 2025 | |
8-K/A 8-K/A 2026 (Amended) N/A | January 20, 2026 | January 20, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 20, 2026 | January 20, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 31, 2025 | December 24, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 19, 2025 | December 19, 2025 | 2025 |
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