← MERCANTILE BANK CORP

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $61.1m $82.2m $79.6m $88.8m
Net Income (Loss) Attributable to Parent $31.9m $31.3m $42.0m $49.5m $44.1m $59.0m $61.1m $82.2m $79.6m $88.8m
Net Income (Loss) Available to Common Stockholders, Basic $31.9m $31.3m $42.0m $49.5m $44.1m $59.0m $61.1m $82.2m $79.6m $88.8m
Depreciation, Amortization and Accretion, Net $9.6m $10.4m $9.8m $9.6m $9.4m $13.7m $12.9m $11.5m $10.5m $5.8m
Depreciation $2.9m $3.0m $3.6m $3.9m $5.2m $5.8m $6.0m $6.0m $6.0m $5.2m
Depreciation Amortization Depletion — — — — — — $12.9m $11.5m $10.5m $5.8m
Deferred Income Tax Expense (Benefit) ($699k) ($505k) ($372k) $26k ($4.1m) $2.0m ($1.4m) ($2.0m) ($397k) $2.1m
Deferred Income Tax — — — — — — ($1.4m) ($2.0m) ($397k) $2.1m
Deferred Tax — — — — — — ($1.4m) ($2.0m) ($397k) $2.1m
Share-based Payment Arrangement, Noncash Expense $1.5m $2.0m $2.4m $2.9m $2.3m $3.8m $3.4m $3.4m $3.3m $3.5m
Gain (Loss) on Disposition of Property Plant Equipment ($174k) ($71k) ($134k) ($294k) ($1.5m) ($246k) $36k ($471k) ($13k) ($24k)
Gain (Loss) on Disposition of Business — — — — — $1.1m $0 $0 — —
Income Tax Expense (Benefit) $15.0m $14.8m $9.8m $11.0m $10.7m $14.7m $14.7m $20.5m $18.7m $14.7m
Operating Lease, Expense — — — — — $600k $1.3m $2.0m $1.6m $1.6m
Additional Financial Items
Provision for Loan, Lease, and Other Losses — — — — — — $6.5m $7.7m $7.4m $3.2m
Bank Owned Life Insurance Income $1.3m $2.7m $1.3m $3.9m $1.2m $1.2m $1.7m $1.5m $2.6m $3.3m
Proceeds from Stock Options Exercised $978k $318k $108k $128k $3k $50k $36k $0 $0 —
Parent Company $18.7m $12.0m $27.5m $17.1m $17.9m $18.5m $19.6m $21.0m $22.5m $24.0m
Debt and Equity Securities, Realized Gain (Loss) — — $0 $0 — — — — — —
Equipment Expense $2.1m $2.2m $2.5m $2.6m $3.4m $3.7m $3.6m $3.5m $3.7m $3.4m
Gain (Loss) on Sale of Mortgage Loans $3.7m $4.0m $3.5m $8.1m $29.5m $30.4m $8.2m $6.5m $11.8m $12.6m
Goodwill $49.5m $49.5m $49.5m $49.5m $49.5m $49.5m $49.5m $49.5m $49.5m $72.7m
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — $6.5m $7.7m $7.4m $3.2m
Unrealized Gain (Loss) on Derivatives — — — — $24k $224k $45k ($257k) $203k ($63k)
Beginning Cash Position — — — — — — $975.2m $96.8m $130.5m $393.0m
Cash Flow From Continuing Financing Activities — — — — — — ($443.3m) $363.1m $586.8m $168.0m
Cash Flow From Continuing Investing Activities — — — — — — ($555.0m) ($395.9m) ($425.4m) ($105.7m)
Change In Account Payable — — — — — — $32.5m $14.3m $27.9m ($22.0m)
Change In Other Current Assets — — — — — — ($437k) ($30.2m) ($25.8m) ($59.1m)
Change In Payable — — — — — — $32.5m $14.3m $27.9m ($22.0m)
Change In Payables And Accrued Expense — — — — — — $32.5m $14.3m $27.9m ($22.0m)
Change In Receivables — — — — — — ($6.2m) ($4.3m) ($1.6m) ($130k)
Change In Working Capital — — — — — — $25.9m ($20.3m) $501k ($81.2m)
Changes In Account Receivables — — — — — — ($6.2m) ($4.3m) ($1.6m) ($130k)
Changes In Cash — — — — — — ($878.4m) $33.8m $262.5m $80.3m
End Cash Position — — — — — — $96.8m $130.5m $393.0m $473.3m
Financing Cash Flow — — — — — — ($443.3m) $363.1m $586.8m $168.0m
Free Cash Flow — — — — — — $116.8m $59.9m $92.6m $11.2m
Gain Loss On Sale Of Business — — — — — ($1.1m) $0 $0 — —
Gain Loss On Sale Of PPE — — — — — — $239k $473k ($70k) $24k
Investing Cash Flow — — — — — — ($555.0m) ($395.9m) ($425.4m) ($105.7m)
Issuance Of Capital Stock — — — — — — $867k $891k $810k $772k
Net Business Purchase And Sale — — — — — — $0 $0 $0 $53.6m
Net PPE Purchase And Sale — — — — — — ($23k) ($6.1m) ($8.2m) ($6.8m)
Operating Gains Losses — — — — — — ($8.0m) ($6.1m) ($11.8m) ($12.6m)
Other Non Cash Items — — — — — — $19.4m ($10.1m) $12.2m $8.4m
Proceeds From Stock Option Exercised — — — — — — $81k $45k $50k $128k
Purchase Of Business — — — — — ($2.7m) $0 $0 — —
Purchase Of PPE — — — — — — ($3.0m) ($6.7m) ($8.5m) ($6.8m)
Repurchase Of Capital Stock — — — — — ($21.4m) $0 $0 — —
Sale Of Business — — — — — — — $0 $0 $53.6m
Sale Of PPE — — — — — — $3.0m $598k $283k $0
Stock Based Compensation — — — — — — $3.4m $3.4m $3.3m $3.5m
Unrealized Gain Loss On Investment Securities — — — — — — ($45k) $257k ($203k) $63k
Net Cash Provided by (Used in) Operating Activities $34.6m $38.7m $61.7m $44.8m $37.9m $64.6m $119.9m $66.6m $101.1m $18.0m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($3.0m) ($6.7m) ($8.5m) ($6.8m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — — ($53.6m)
Net Investment Purchase And Sale — — — — — — ($89.0m) $4.2m ($111.8m) ($136.0m)
Purchase Of Investment — — — — — — ($107.0m) ($19.9m) ($173.6m) ($203.4m)
Sale Of Investment — — — — — — $18.0m $24.1m $61.8m $67.3m
Net Other Investing Changes — — — — — — ($3.5m) ($6.8m) ($5.4m) $2.8m
Net Cash Provided by (Used in) Investing Activities ($96.6m) ($191.5m) ($210.5m) ($92.8m) ($398.8m) ($495.5m) ($555.0m) ($395.9m) ($425.4m) ($105.7m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $172.2m $52.5m $40.3m $79.5m $321.2m $80.4m $18.0m $24.1m $61.8m $67.3m
Issuance Of Debt — — — — — — $42.9m $240.0m $10.0m $50.0m
Long Term Debt Issuance — — — — — — $42.9m $240.0m $10.0m $50.0m
Net Issuance Payments Of Debt — — — — — — ($51.1m) $159.6m ($80.8m) ($30.9m)
Net Long Term Debt Issuance — — — — — — ($51.1m) $159.6m ($80.8m) ($30.9m)
Long Term Debt Payments — — — — — — ($94.0m) ($80.4m) ($90.8m) ($80.9m)
Repayment Of Debt — — — — — — ($94.0m) ($80.4m) ($90.8m) ($80.9m)
Common Stock Issuance — — — — — — $867k $891k $810k $772k
Net Common Stock Issuance — — — — — — $867k $891k $810k $772k
Payments for Repurchase of Common Stock $3.7m $0 $5.9m $7.2m $6.6m $21.4m $0 $0 — —
Payments of Ordinary Dividends, Common Stock $18.7m $12.0m $27.5m $17.1m $17.9m $18.5m $19.6m $21.0m $22.5m $24.0m
Common Stock Payments — — — — — ($21.4m) $0 $0 — —
Cash Dividends Paid — — — — — — ($19.6m) ($21.0m) ($22.5m) ($24.0m)
Common Stock Dividend Paid — — — — — — ($19.6m) ($21.0m) ($22.5m) ($24.0m)
Net Cash Provided by (Used in) Financing Activities $155.7m $169.3m $24.0m $206.4m $753.2m $780.1m ($443.3m) $363.1m $586.8m $168.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $89.9m $183.6m $200.1m $75.4m $392.3m $349.2m ($878.4m) $33.8m $262.5m $80.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($878.4m) $33.8m $262.5m $80.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities — $15.5m $21.6m $32.1m $27.7m $20.4m $21.8m $72.0m $129.2m $129.4m
Income Taxes Paid, Net $15.1m $14.2m $10.1m $12.0m $10.9m $17.6m $11.2m $24.9m $21.4m $44.8m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.