Mercantile Bank Corporation (MBWM) — Capital Reinvestment Ratio
Mercantile Bank Corporation (MBWM) has a Capital Reinvestment Ratio of 0.02x as of June 2026, meaning it reinvests 0% of its operating cash flow ($15.27 Million) in capital expenditures ($328.00K). Check tangible equity quality of Mercantile Bank Corporation to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Mercantile Bank Corporation Capital Reinvestment Ratio (1998–2025)
This chart tracks Mercantile Bank Corporation's Capital Reinvestment Ratio across 27 annual periods. For the full cash flow conversion analysis, see MBWM cash flow metrics.
Annual Capital Reinvestment Ratio for Mercantile Bank Corporation (1998–2025)
Year-by-year Capital Reinvestment Ratio for Mercantile Bank Corporation from 1998 to 2025. See MBWM free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.38x | $17.97 Million | $6.76 Million | ▲ +346.1% |
| 2024 | 0.08x | $101.12 Million | $8.53 Million | ▼ -16.0% |
| 2023 | 0.10x | $66.61 Million | $6.69 Million | ▲ +298.8% |
| 2022 | 0.03x | $119.86 Million | $3.02 Million | ▼ -71.0% |
| 2021 | 0.09x | $64.57 Million | $5.60 Million | ▼ -63.4% |
| 2020 | 0.24x | $37.88 Million | $8.99 Million | ▼ -21.2% |
| 2019 | 0.30x | $44.77 Million | $13.48 Million | ▲ +194.3% |
| 2018 | 0.10x | $61.74 Million | $6.32 Million | ▼ -27.0% |
| 2017 | 0.14x | $38.66 Million | $5.42 Million | ▲ +139.7% |
| 2016 | 0.06x | $34.60 Million | $2.02 Million | ▲ +94.9% |
| 2015 | 0.03x | $36.00 Million | $1.08 Million | ▼ -80.1% |
| 2014 | 0.15x | $14.41 Million | $2.17 Million | ▲ +1227.6% |
| 2013 | 0.01x | $28.68 Million | $326.00K | ▼ -66.1% |
| 2012 | 0.03x | $17.03 Million | $571.00K | ▲ +35.7% |
| 2011 | 0.02x | $22.51 Million | $556.00K | ▲ +519.7% |
| 2010 | 0.00x | $29.60 Million | $118.00K | ▼ -91.9% |
| 2008 | 0.05x | $13.63 Million | $673.00K | ▼ -72.8% |
| 2007 | 0.18x | $19.36 Million | $3.51 Million | ▼ -14.6% |
| 2006 | 0.21x | $27.83 Million | $5.91 Million | ▼ -27.8% |
| 2005 | 0.29x | $26.10 Million | $7.68 Million | ▼ -48.9% |
| 2004 | 0.58x | $18.27 Million | $10.52 Million | ▲ +82.4% |
| 2003 | 0.32x | $13.61 Million | $4.29 Million | ▼ -10.4% |
| 2002 | 0.35x | $10.02 Million | $3.53 Million | ▼ -74.2% |
| 2001 | 1.36x | $4.39 Million | $5.99 Million | ▲ +898.5% |
| 2000 | 0.14x | $8.05 Million | $1.10 Million | ▼ -77.7% |
| 1999 | 0.61x | $3.10 Million | $1.90 Million | ▼ -76.2% |
| 1998 | 2.57x | $420.00K | $1.08 Million | — |