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MBWM Mercantile Bank

Watchlist

42.870
+1.100+2.63%

Close Aug 15 16:00 ET

42.870
0.0000.00%

Post 16:00 ET

691.82MMarket Cap8.49P/E (TTM)

Mercantile Bank Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q2)Jun 30, 2024

(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

Operating cash flow (Indirect Method)

Cash flow from continuing operating activities

-53.04%9.11M

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

Net income from continuing operations

-7.72%18.79M

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

Operating gains losses

-62.01%-2.62M

-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

Depreciation and amortization

-6.04%2.71M

-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

Deferred tax

----

-50.48%-2.04M

----

-166.98%-1.35M

----

Other non cashItems

17.78%-5.42M

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

Change in working capital

-639.84%-8.71M

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

-Change in receivables

53.15%706K

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

-Change in payables and accrued expense

247.41%9.11M

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

-Change in other current assets

-1,161.27%-18.53M

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

Cash from discontinued operating activities

Operating cash flow

-53.04%9.11M

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

Investing cash flow

Cash flow from continuing investing activities

-76.25%-155.44M

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

Net investment purchase and sale

-1,020.56%-39.09M

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

Net proceeds payment for loan

-34.11%-115.97M

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

Net PPE purchase and sale

72.79%-591K

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

Net business purchase and sale

----

--0

----

--0

----

Net other investing changes

--211K

--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

Cash from discontinued investing activities

Investing cash flow

-76.25%-155.44M

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

Financing cash flow

Cash flow from continuing financing activities

-51.19%106.72M

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

Change in federal funds and securities sold for repurchase

73.34%-6.72M

-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

Increase decrease in deposit

-12.60%138.76M

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

Net issuance payments of debt

-122.22%-20M

-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

Net commonstock issuance

-13.36%201K

-5.99%204K

2.77%891K

----

--232K

-2.25%217K

104.23%867K

----

Cash dividends paid

-7.12%-5.54M

-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

Proceeds from stock option exercised by employees

0.00%13K

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

Net other financing activities

----

--218K

Cash from discontinued financing activities

Financing cash flow

-51.19%106.72M

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

Net cash flow

Beginning cash position

309.46%237.23M

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

Current changes in cash

-126.43%-39.6M

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

End cash position

-4.89%197.63M

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

Free cash flow

-52.16%8.24M

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

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion with Explanatory Notes

	(Q2)Jun 30, 2024	(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
Operating cash flow (Indirect Method)
Cash flow from continuing operating activities	-53.04%9.11M	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
Net income from continuing operations	-7.72%18.79M	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
Operating gains losses	-62.01%-2.62M	-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
Depreciation and amortization	-6.04%2.71M	-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
Deferred tax	----	----	-50.48%-2.04M	----	----	----	----	-166.98%-1.35M	----	----
Other non cashItems	17.78%-5.42M	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
Change in working capital	-639.84%-8.71M	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
-Change in receivables	53.15%706K	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
-Change in payables and accrued expense	247.41%9.11M	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
-Change in other current assets	-1,161.27%-18.53M	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
Cash from discontinued operating activities
Operating cash flow	-53.04%9.11M	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
Investing cash flow
Cash flow from continuing investing activities	-76.25%-155.44M	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
Net investment purchase and sale	-1,020.56%-39.09M	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
Net proceeds payment for loan	-34.11%-115.97M	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
Net PPE purchase and sale	72.79%-591K	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
Net business purchase and sale	----	----	--0	----	----	----	----	--0	----	----
Net other investing changes	--211K	--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
Cash from discontinued investing activities
Investing cash flow	-76.25%-155.44M	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
Financing cash flow
Cash flow from continuing financing activities	-51.19%106.72M	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
Change in federal funds and securities sold for repurchase	73.34%-6.72M	-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
Increase decrease in deposit	-12.60%138.76M	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
Net issuance payments of debt	-122.22%-20M	-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
Net commonstock issuance	-13.36%201K	-5.99%204K	2.77%891K	----	----	--232K	-2.25%217K	104.23%867K	----	----
Cash dividends paid	-7.12%-5.54M	-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
Proceeds from stock option exercised by employees	0.00%13K	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
Net other financing activities	----	----	----	----	----	----	----	----	----	--218K
Cash from discontinued financing activities
Financing cash flow	-51.19%106.72M	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
Net cash flow
Beginning cash position	309.46%237.23M	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
Current changes in cash	-126.43%-39.6M	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
End cash position	-4.89%197.63M	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
Free cash flow	-52.16%8.24M	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
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