MBWM
Mercantile Bank Corporation
NASDAQ: MBWM · FINANCIAL SERVICES · BANKS - REGIONAL
$50.69
-2.46% today
Updated 2026-04-29
Market cap
$875.64M
P/E ratio
9.08
P/S ratio
3.47x
EPS (TTM)
$5.58
Dividend yield
2.92%
52W range
$41 – $55
Volume
0.1M
Mercantile Bank Corporation (MBWM) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $27.83M | $19.36M | $13.63M | $-8.78M | $29.60M | $22.51M | $17.03M | $28.68M | $14.41M | $36.00M | $34.60M | $38.66M | $61.74M | $44.77M | $37.88M | $64.57M | $119.86M | $66.61M | $101.12M | $17.97M |
| Capital expenditures | $5.91M | $3.51M | $673000.00 | $44000.00 | $118000.00 | $556000.00 | $571000.00 | $326000.00 | $2.17M | $1.08M | $2.02M | $5.42M | $6.32M | $13.48M | $8.99M | $5.60M | $3.02M | $6.69M | $8.53M | $6.76M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | — | — | $654000.00 | $611000.00 | $275000.00 | $61000.00 | $54000.00 | $473000.00 | $714000.00 | $684000.00 | $1.46M | $1.98M | $2.41M | $2.93M | $2.33M | $3.78M | $3.38M | $3.38M | $3.32M | $3.47M |
| Free cash flow | $21.92M | $15.85M | $12.96M | $-8.82M | $29.48M | $21.95M | $16.46M | $28.36M | $12.24M | $34.92M | $32.58M | $33.24M | $55.42M | $31.28M | $28.89M | $58.97M | $116.84M | $59.93M | $92.59M | $11.21M |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | $4.04M | $4.68M | $2.58M | $1.12M | $610000.00 | $1.62M | $1.27M | $3.89M | $24.46M | $9.52M | $18.73M | $12.05M | $27.50M | $17.11M | $17.93M | $18.52M | $19.60M | $21.00M | $22.47M | $23.95M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | $12.17M | $59.63M | $10.96M | $25.77M | $-82.85M | $93.70M | $16.50M | $-124.75M | $158.38M | $392.27M | $349.15M | $-878.39M | — | — | — |