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MBWM Mercantile Bank

Watchlist

36.960
-0.850-2.25%

Close May 29 16:00 ET

36.960
0.0000.00%

Post 17:01 ET

595.82MMarket Cap7.16P/E (TTM)

Mercantile Bank Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

(Q2)Jun 30, 2022

Operating cash flow (Indirect Method)

Cash flow from continuing operating activities

122.73%40.24M

-44.43%66.61M

-119.69%-7.3M

11.13%36.45M

-12.24%19.4M

-35.22%18.07M

85.62%119.86M

-18.36%37.07M

1,189.57%32.8M

-6.32%22.11M

Net income from continuing operations

2.80%21.56M

34.64%82.22M

-8.13%20.03M

30.09%20.86M

73.45%20.36M

82.51%20.97M

3.46%61.06M

87.33%21.8M

6.51%16.03M

-35.13%11.74M

Operating gains losses

-265.10%-2.09M

23.86%-6.06M

2.87%-1.39M

-26.14%-2.48M

-19.22%-1.62M

82.13%-573K

74.62%-7.96M

80.78%-1.43M

69.59%-1.97M

84.64%-1.36M

Depreciation and amortization

-9.05%2.77M

-11.19%11.5M

-14.60%2.64M

-7.46%2.93M

-10.92%2.88M

-11.83%3.05M

-5.36%12.95M

-11.16%3.09M

-8.19%3.16M

-1.94%3.23M

Deferred tax

----

-50.48%-2.04M

----

-166.98%-1.35M

----

Other non cashItems

1,625.94%5.06M

-152.06%-10.08M

-160.77%-7.22M

2,760.00%3.43M

-313.35%-6.59M

-93.15%293K

-46.43%19.36M

-68.45%11.88M

100.91%120K

-84.79%3.09M

Change in working capital

250.16%10.98M

-178.18%-20.27M

-2,014.23%-22.28M

-34.55%7.71M

-61.37%1.61M

-166.39%-7.31M

277.06%25.92M

-25.63%-1.05M

380.95%11.79M

161.58%4.18M

-Change in receivables

3.70%-1.88M

29.76%-4.33M

86.63%-199K

14.79%-2.65M

301.31%461K

-44.87%-1.95M

-503.47%-6.17M

-320.44%-1.49M

-826.57%-3.1M

-110.61%-229K

-Change in payables and accrued expense

300.25%11M

-56.18%14.25M

-1,158.41%-4.91M

43.85%22.04M

-62.40%2.62M

-156.26%-5.5M

1,025.82%32.52M

227.82%464K

1,152.85%15.32M

675.41%6.97M

-Change in other current assets

1,311.45%1.85M

-6,808.24%-30.19M

-57,146.67%-17.17M

-2,621.91%-11.68M

42.77%-1.47M

-94.94%131K

96.55%-437K

97.39%-30K

82.16%-429K

66.80%-2.57M

Cash from discontinued operating activities

Operating cash flow

122.73%40.24M

-44.43%66.61M

-119.69%-7.3M

11.13%36.45M

-12.24%19.4M

-35.22%18.07M

85.62%119.86M

-18.36%37.07M

1,189.57%32.8M

-6.32%22.11M

Investing cash flow

Cash flow from continuing investing activities

76.95%-13.17M

28.66%-395.93M

-282.44%-198.88M

68.95%-51.73M

52.40%-88.19M

62.19%-57.14M

-12.01%-555M

70.96%-52M

-36.91%-166.6M

-529.11%-185.27M

Net investment purchase and sale

182.26%4.68M

104.72%4.2M

139.34%4.36M

111.72%1.28M

123.40%4.25M

88.35%-5.69M

59.21%-89.03M

70.70%-11.09M

80.49%-10.94M

73.33%-18.15M

Net proceeds payment for loan

63.58%-17.82M

16.25%-387.28M

-460.00%-199.28M

66.48%-52.6M

48.43%-86.47M

52.13%-48.94M

-72.61%-462.43M

74.28%-35.59M

-140.57%-156.91M

-244.75%-167.69M

Net PPE purchase and sale

41.75%-1.46M

-26,373.91%-6.09M

35.84%-546K

-170.33%-863K

-3,141.79%-2.17M

-655.42%-2.51M

99.53%-23K

2.07%-851K

385.35%1.23M

96.56%-67K

Net business purchase and sale

----

--0

----

--0

----

Net other investing changes

--1.44M

-91.96%-6.76M

23.60%-3.42M

1,574.07%452K

----

-95.23%-3.52M

-125.59%-4.48M

17.39%27K

--635K

Cash from discontinued investing activities

Investing cash flow

76.95%-13.17M

28.66%-395.93M

-282.44%-198.88M

68.95%-51.73M

52.40%-88.19M

62.19%-57.14M

-12.01%-555M

70.96%-52M

-36.91%-166.6M

-529.11%-185.27M

Financing cash flow

Cash flow from continuing financing activities

33,499.16%79.63M

181.91%363.08M

141.05%70.73M

219.88%73.47M

270.90%218.65M

100.29%237K

-156.82%-443.25M

-160.79%-172.31M

-132.17%-61.29M

-416.59%-127.94M

Change in federal funds and securities sold for repurchase

-102.22%-1.12M

1,233.33%35.39M

1,639.32%65.65M

-1,069.73%-55.38M

-2,604.18%-25.2M

639.13%50.32M

-103.95%-3.12M

-119.73%-4.27M

-177.44%-4.73M

-103.28%-932K

Increase decrease in deposit

193.12%106.89M

150.79%188.11M

100.14%183K

617.64%143.95M

255.11%158.77M

-7.34%-114.79M

-153.97%-370.38M

-162.22%-133.27M

-114.06%-27.81M

-532.38%-102.36M

Net issuance payments of debt

-129.90%-20.83M

412.47%159.65M

133.33%10M

58.33%-10M

548.74%90M

203.29%69.65M

-195.26%-51.09M

-155.93%-30M

---24M

---20.06M

Net commonstock issuance

-5.99%204K

2.77%891K

----

-2.25%217K

104.23%867K

----

Cash dividends paid

-7.16%-5.53M

-7.15%-21M

-6.95%-5.34M

-7.07%-5.33M

-7.29%-5.17M

-7.32%-5.16M

-5.82%-19.6M

-7.56%-5M

-6.82%-4.98M

-5.08%-4.82M

Proceeds from stock option exercised by employees

10.00%11K

-44.44%45K

0.00%12K

-16.67%10K

18.18%13K

-78.26%10K

-17.35%81K

-7.69%12K

-80.95%12K

0.00%11K

Net other financing activities

----

1.38%221K

----

--218K

----

Cash from discontinued financing activities

Financing cash flow

33,499.16%79.63M

181.91%363.08M

141.05%70.73M

219.88%73.47M

270.90%218.65M

100.29%237K

-156.82%-443.25M

-160.79%-172.31M

-132.17%-61.29M

-416.59%-127.94M

Net cash flow

Beginning cash position

34.89%130.53M

-90.08%96.77M

-6.35%265.99M

-56.63%207.8M

-92.48%57.94M

-90.08%96.77M

55.77%975.16M

-65.59%284.01M

-36.92%479.11M

18.07%770.2M

Current changes in cash

374.75%106.7M

103.84%33.76M

27.66%-135.45M

129.83%58.19M

151.48%149.86M

81.05%-38.83M

-351.58%-878.39M

-225.00%-187.24M

-396.36%-195.09M

-371.58%-291.1M

End cash position

309.46%237.23M

34.89%130.53M

-6.35%265.99M

-56.63%207.8M

-92.48%57.94M

-90.08%96.77M

-65.59%284.01M

-36.92%479.11M

Free cash flow

149.25%38.78M

-48.71%59.93M

-121.66%-7.85M

12.75%34.98M

-21.83%17.23M

-43.54%15.56M

98.14%116.85M

-17.78%36.22M

937.49%31.03M

1.82%22.04M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion with Explanatory Notes

	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022	(Q2)Jun 30, 2022
Operating cash flow (Indirect Method)
Cash flow from continuing operating activities	122.73%40.24M	-44.43%66.61M	-119.69%-7.3M	11.13%36.45M	-12.24%19.4M	-35.22%18.07M	85.62%119.86M	-18.36%37.07M	1,189.57%32.8M	-6.32%22.11M
Net income from continuing operations	2.80%21.56M	34.64%82.22M	-8.13%20.03M	30.09%20.86M	73.45%20.36M	82.51%20.97M	3.46%61.06M	87.33%21.8M	6.51%16.03M	-35.13%11.74M
Operating gains losses	-265.10%-2.09M	23.86%-6.06M	2.87%-1.39M	-26.14%-2.48M	-19.22%-1.62M	82.13%-573K	74.62%-7.96M	80.78%-1.43M	69.59%-1.97M	84.64%-1.36M
Depreciation and amortization	-9.05%2.77M	-11.19%11.5M	-14.60%2.64M	-7.46%2.93M	-10.92%2.88M	-11.83%3.05M	-5.36%12.95M	-11.16%3.09M	-8.19%3.16M	-1.94%3.23M
Deferred tax	----	-50.48%-2.04M	----	----	----	----	-166.98%-1.35M	----	----	----
Other non cashItems	1,625.94%5.06M	-152.06%-10.08M	-160.77%-7.22M	2,760.00%3.43M	-313.35%-6.59M	-93.15%293K	-46.43%19.36M	-68.45%11.88M	100.91%120K	-84.79%3.09M
Change in working capital	250.16%10.98M	-178.18%-20.27M	-2,014.23%-22.28M	-34.55%7.71M	-61.37%1.61M	-166.39%-7.31M	277.06%25.92M	-25.63%-1.05M	380.95%11.79M	161.58%4.18M
-Change in receivables	3.70%-1.88M	29.76%-4.33M	86.63%-199K	14.79%-2.65M	301.31%461K	-44.87%-1.95M	-503.47%-6.17M	-320.44%-1.49M	-826.57%-3.1M	-110.61%-229K
-Change in payables and accrued expense	300.25%11M	-56.18%14.25M	-1,158.41%-4.91M	43.85%22.04M	-62.40%2.62M	-156.26%-5.5M	1,025.82%32.52M	227.82%464K	1,152.85%15.32M	675.41%6.97M
-Change in other current assets	1,311.45%1.85M	-6,808.24%-30.19M	-57,146.67%-17.17M	-2,621.91%-11.68M	42.77%-1.47M	-94.94%131K	96.55%-437K	97.39%-30K	82.16%-429K	66.80%-2.57M
Cash from discontinued operating activities
Operating cash flow	122.73%40.24M	-44.43%66.61M	-119.69%-7.3M	11.13%36.45M	-12.24%19.4M	-35.22%18.07M	85.62%119.86M	-18.36%37.07M	1,189.57%32.8M	-6.32%22.11M
Investing cash flow
Cash flow from continuing investing activities	76.95%-13.17M	28.66%-395.93M	-282.44%-198.88M	68.95%-51.73M	52.40%-88.19M	62.19%-57.14M	-12.01%-555M	70.96%-52M	-36.91%-166.6M	-529.11%-185.27M
Net investment purchase and sale	182.26%4.68M	104.72%4.2M	139.34%4.36M	111.72%1.28M	123.40%4.25M	88.35%-5.69M	59.21%-89.03M	70.70%-11.09M	80.49%-10.94M	73.33%-18.15M
Net proceeds payment for loan	63.58%-17.82M	16.25%-387.28M	-460.00%-199.28M	66.48%-52.6M	48.43%-86.47M	52.13%-48.94M	-72.61%-462.43M	74.28%-35.59M	-140.57%-156.91M	-244.75%-167.69M
Net PPE purchase and sale	41.75%-1.46M	-26,373.91%-6.09M	35.84%-546K	-170.33%-863K	-3,141.79%-2.17M	-655.42%-2.51M	99.53%-23K	2.07%-851K	385.35%1.23M	96.56%-67K
Net business purchase and sale	----	--0	----	----	----	----	--0	----	----	----
Net other investing changes	--1.44M	-91.96%-6.76M	23.60%-3.42M	1,574.07%452K	----	----	-95.23%-3.52M	-125.59%-4.48M	17.39%27K	--635K
Cash from discontinued investing activities
Investing cash flow	76.95%-13.17M	28.66%-395.93M	-282.44%-198.88M	68.95%-51.73M	52.40%-88.19M	62.19%-57.14M	-12.01%-555M	70.96%-52M	-36.91%-166.6M	-529.11%-185.27M
Financing cash flow
Cash flow from continuing financing activities	33,499.16%79.63M	181.91%363.08M	141.05%70.73M	219.88%73.47M	270.90%218.65M	100.29%237K	-156.82%-443.25M	-160.79%-172.31M	-132.17%-61.29M	-416.59%-127.94M
Change in federal funds and securities sold for repurchase	-102.22%-1.12M	1,233.33%35.39M	1,639.32%65.65M	-1,069.73%-55.38M	-2,604.18%-25.2M	639.13%50.32M	-103.95%-3.12M	-119.73%-4.27M	-177.44%-4.73M	-103.28%-932K
Increase decrease in deposit	193.12%106.89M	150.79%188.11M	100.14%183K	617.64%143.95M	255.11%158.77M	-7.34%-114.79M	-153.97%-370.38M	-162.22%-133.27M	-114.06%-27.81M	-532.38%-102.36M
Net issuance payments of debt	-129.90%-20.83M	412.47%159.65M	133.33%10M	58.33%-10M	548.74%90M	203.29%69.65M	-195.26%-51.09M	-155.93%-30M	---24M	---20.06M
Net commonstock issuance	-5.99%204K	2.77%891K	----	----	----	-2.25%217K	104.23%867K	----	----	----
Cash dividends paid	-7.16%-5.53M	-7.15%-21M	-6.95%-5.34M	-7.07%-5.33M	-7.29%-5.17M	-7.32%-5.16M	-5.82%-19.6M	-7.56%-5M	-6.82%-4.98M	-5.08%-4.82M
Proceeds from stock option exercised by employees	10.00%11K	-44.44%45K	0.00%12K	-16.67%10K	18.18%13K	-78.26%10K	-17.35%81K	-7.69%12K	-80.95%12K	0.00%11K
Net other financing activities	----	----	----	1.38%221K	----	----	----	----	--218K	----
Cash from discontinued financing activities
Financing cash flow	33,499.16%79.63M	181.91%363.08M	141.05%70.73M	219.88%73.47M	270.90%218.65M	100.29%237K	-156.82%-443.25M	-160.79%-172.31M	-132.17%-61.29M	-416.59%-127.94M
Net cash flow
Beginning cash position	34.89%130.53M	-90.08%96.77M	-6.35%265.99M	-56.63%207.8M	-92.48%57.94M	-90.08%96.77M	55.77%975.16M	-65.59%284.01M	-36.92%479.11M	18.07%770.2M
Current changes in cash	374.75%106.7M	103.84%33.76M	27.66%-135.45M	129.83%58.19M	151.48%149.86M	81.05%-38.83M	-351.58%-878.39M	-225.00%-187.24M	-396.36%-195.09M	-371.58%-291.1M
End cash position	309.46%237.23M	34.89%130.53M	34.89%130.53M	-6.35%265.99M	-56.63%207.8M	-92.48%57.94M	-90.08%96.77M	-90.08%96.77M	-65.59%284.01M	-36.92%479.11M
Free cash flow	149.25%38.78M	-48.71%59.93M	-121.66%-7.85M	12.75%34.98M	-21.83%17.23M	-43.54%15.56M	98.14%116.85M	-17.78%36.22M	937.49%31.03M	1.82%22.04M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	Unqualified Opinion with Explanatory Notes	--	--	--	--	--	--	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Heat List

Overall