Mercantile Bank Corporation (MBWM) — Cash Flow Quality Index
Mercantile Bank Corporation (MBWM) has a Cash Flow Quality Index of 1.25x as of March 2026. Operating cash flow of $28.31 Million exceeds net income of $22.68 Million, indicating high earnings quality where cash backs reported profits. Explore Mercantile Bank Corporation (MBWM) cash flow conversion to assess how effectively this company generates cash.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Mercantile Bank Corporation Cash Flow Quality Index (1999–2025)
Historical Cash Flow Quality Index for Mercantile Bank Corporation across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MBWM total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Cash Flow Quality Index for Mercantile Bank Corporation (1999–2025)
Year-by-year earnings quality comparison for Mercantile Bank Corporation. For live market cap and the full company financial profile, see Mercantile Bank Corporation stock valuation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.20x | $17.97 Million | $88.75 Million | ▼ -84.1% |
| 2024 | 1.27x | $101.12 Million | $79.59 Million | ▲ +56.8% |
| 2023 | 0.81x | $66.61 Million | $82.22 Million | ▼ -58.7% |
| 2022 | 1.96x | $119.86 Million | $61.06 Million | ▲ +79.4% |
| 2021 | 1.09x | $64.57 Million | $59.02 Million | ▲ +27.5% |
| 2020 | 0.86x | $37.88 Million | $44.14 Million | ▼ -5.2% |
| 2019 | 0.91x | $44.77 Million | $49.46 Million | ▼ -38.4% |
| 2018 | 1.47x | $61.74 Million | $42.02 Million | ▲ +18.8% |
| 2017 | 1.24x | $38.66 Million | $31.27 Million | ▲ +14.0% |
| 2016 | 1.08x | $34.60 Million | $31.91 Million | ▼ -18.6% |
| 2015 | 1.33x | $36.00 Million | $27.02 Million | ▲ +60.2% |
| 2014 | 0.83x | $14.41 Million | $17.33 Million | ▼ -50.6% |
| 2013 | 1.68x | $28.68 Million | $17.03 Million | ▲ +23.9% |
| 2012 | 1.36x | $17.03 Million | $12.54 Million | ▲ +126.3% |
| 2011 | 0.60x | $22.51 Million | $37.48 Million | ▼ -72.2% |
| 2007 | 2.16x | $19.36 Million | $8.97 Million | ▲ +54.0% |
| 2006 | 1.40x | $27.83 Million | $19.85 Million | ▼ -3.8% |
| 2005 | 1.46x | $26.10 Million | $17.90 Million | ▲ +9.5% |
| 2004 | 1.33x | $18.27 Million | $13.72 Million | ▼ -2.0% |
| 2003 | 1.36x | $13.61 Million | $10.02 Million | ▲ +5.2% |
| 2002 | 1.29x | $10.02 Million | $7.76 Million | ▲ +31.7% |
| 2001 | 0.98x | $4.39 Million | $4.48 Million | ▼ -66.0% |
| 2000 | 2.88x | $8.05 Million | $2.79 Million | ▲ +95.0% |
| 1999 | 1.48x | $3.10 Million | $2.10 Million | — |