← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $31.9m |
$31.3m
-2.00%
|
$42.0m
+34.37%
|
$49.5m
+17.69%
|
$44.1m
-10.75%
|
$59.0m
+33.72%
|
$61.1m
+3.46%
|
$82.2m
+34.64%
|
$79.6m
-3.19%
|
$88.8m
+11.51%
|
— | |
| 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 | $5.6m | |
| Depreciation | $2.9m | $3.0m | $3.6m | $3.9m | $5.2m | $5.8m | $6.0m | $6.0m | $6.0m | $5.2m | $5.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $12.9m | $11.5m | $10.5m | $5.8m | $5.6m | |
| Deferred Income Tax Expense (Benefit) | ($699k) | ($505k) | ($372k) | $26k | ($4.1m) | $2.0m | ($1.4m) | ($2.0m) | ($397k) | $2.1m | $2.1m | |
| Deferred Tax | — | — | — | — | — | — | ($1.4m) | ($2.0m) | ($397k) | $2.1m | $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 | $3.7m | |
| Change In Working Capital | — | — | — | — | — | — | $25.9m | ($20.3m) | $501k | ($81.2m) | ($22.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($6.2m) | ($4.3m) | ($1.6m) | ($130k) | $101k | |
| Changes In Account Receivables | — | — | — | — | — | — | ($6.2m) | ($4.3m) | ($1.6m) | ($130k) | $101k | |
| Change In Other Current Assets | — | — | — | — | — | — | ($437k) | ($30.2m) | ($25.8m) | ($59.1m) | ($10.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $34.6m |
$38.7m
+11.74%
|
$61.7m
+59.67%
|
$44.8m
-27.49%
|
$37.9m
-15.39%
|
$64.6m
+70.48%
|
$119.9m
+85.62%
|
$66.6m
-44.43%
|
$101.1m
+51.80%
|
$18.0m
-82.23%
|
$72.3m
+302.45%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($174k) | ($71k) | ($134k) | ($294k) | ($1.5m) | ($246k) | $36k | ($471k) | ($13k) | ($24k) | ($13.0m) | |
| Equipment Expense | $2.1m | $2.2m | $2.5m | $2.6m | $3.4m | $3.7m | $3.6m | $3.5m | $3.7m | $3.4m | — | |
| Capital Expenditure | — | — | — | — | — | — | ($3.0m) | ($6.7m) | ($8.5m) | ($6.8m) | ($4.1m) | |
| 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 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | ($53.6m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($3.5m) | ($6.8m) | ($5.4m) | $2.8m | $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) | ($62.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $42.9m | $240.0m | $10.0m | $50.0m | $60.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $42.9m | $240.0m | $10.0m | $50.0m | $60.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($94.0m) | ($80.4m) | ($90.8m) | ($80.9m) | ($85.9m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($51.1m) | $159.6m | ($80.8m) | ($30.9m) | ($25.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($51.1m) | $159.6m | ($80.8m) | ($30.9m) | ($25.9m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($94.0m) | ($80.4m) | ($90.8m) | ($80.9m) | ($85.9m) | |
| 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 | ($25.4m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($19.6m) | ($21.0m) | ($22.5m) | ($24.0m) | ($25.4m) | |
| Common Stock Issuance | — | — | — | — | — | — | $867k | $891k | $810k | $772k | $705k | |
| Common Stock Payments | — | — | — | — | — | ($21.4m) | $0 | $0 | — | — | — | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $867k | $891k | $810k | $772k | $705k | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($21.4m) | $0 | $0 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($19.6m) | ($21.0m) | ($22.5m) | ($24.0m) | ($25.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $155.7m |
$169.3m
+8.77%
|
$24.0m
-85.83%
|
$206.4m
+760.34%
|
$753.2m
+264.84%
|
$780.1m
+3.57%
|
($443.3m)
-156.82%
|
$363.1m
+181.91%
|
$586.8m
+61.62%
|
$168.0m
-71.36%
|
$35.2m
-79.08%
|
|
| 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 | $340.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $975.2m | $96.8m | $130.5m | $393.0m | $296.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $6.5m | $7.7m | $7.4m | $3.2m | ($4.1m) | |
| 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 | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| 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 | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | — | $1.1m | $0 | $0 | — | — | — | |
| 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 | — | |
| 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 | — | |
| 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) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($443.3m) | $363.1m | $586.8m | $168.0m | $35.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($555.0m) | ($395.9m) | ($425.4m) | ($105.7m) | ($62.6m) | |
| Change In Account Payable | — | — | — | — | — | — | $32.5m | $14.3m | $27.9m | ($22.0m) | ($12.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($878.4m) | $33.8m | $262.5m | $80.3m | — | |
| Change In Payable | — | — | — | — | — | — | $32.5m | $14.3m | $27.9m | ($22.0m) | ($12.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($878.4m) | $33.8m | $262.5m | $80.3m | $44.9m | |
| End Cash Position | — | — | — | — | — | — | $96.8m | $130.5m | $393.0m | $473.3m | $340.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($443.3m) |
$363.1m
+181.91%
|
$586.8m
+61.62%
|
$168.0m
-71.36%
|
$35.2m
-79.08%
|
|
| Free Cash Flow | — | — | — | — | — | — | $116.8m | $59.9m | $92.6m | $11.2m | $68.2m | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($1.1m) | $0 | $0 | $0 | $53.6m | — | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $239k | $473k | ($70k) | $24k | $109k | |
| Investing Cash Flow | — | — | — | — | — | — | ($555.0m) | ($395.9m) | ($425.4m) | ($105.7m) | ($62.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $0 | $53.6m | $53.6m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($89.0m) | $4.2m | ($111.8m) | ($136.0m) | ($88.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($23k) | ($6.1m) | ($8.2m) | ($6.8m) | ($4.1m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($8.0m) | ($6.1m) | ($11.8m) | ($12.6m) | ($13.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $19.4m | ($10.1m) | $12.2m | $8.4m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $81k | $45k | $50k | $128k | $206k | |
| Purchase Of Business | — | — | — | — | — | ($2.7m) | $0 | $0 | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | ($107.0m) | ($19.9m) | ($173.6m) | ($203.4m) | ($180.1m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($3.0m) | ($6.7m) | ($8.5m) | ($6.8m) | ($4.1m) | |
| Sale Of Investment | — | — | — | — | — | — | $18.0m | $24.1m | $61.8m | $67.3m | $91.9m | |
| Sale Of PPE | — | — | — | — | — | — | $3.0m | $598k | $283k | $0 | $5k | |
| Stock Based Compensation | — | — | — | — | — | — | $3.4m | $3.4m | $3.3m | $3.5m | $3.7m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($45k) | $257k | ($203k) | $63k | ($264k) |