Mercantile Bank Corporation (MBWM) — Cash Flow Quality Index
Mercantile Bank Corporation (MBWM) has a Cash Flow Quality Index of 0.59x as of June 2026. Operating cash flow of $15.27 Million is below net income of $25.93 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Mercantile Bank Corporation cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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. For the full cash flow conversion analysis, see Mercantile Bank Corporation cash flow conversion.
Annual Cash Flow Quality Index for Mercantile Bank Corporation (1999–2025)
Year-by-year earnings quality comparison for Mercantile Bank Corporation.
| 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 | — |