Mercantile Bank Corporation (MBWM) — Cash Flow Quality Index
Mercantile Bank Corporation (MBWM) has a Cash Flow Quality Index of 0.97x as of September 2025. Operating cash flow of $23.11 Million is below net income of $23.76 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Mercantile Bank Corporation (MBWM) investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Mercantile Bank Corporation Cash Flow Quality Index (1999–2024)
Historical Cash Flow Quality Index for Mercantile Bank Corporation across 23 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check MBWM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for Mercantile Bank Corporation (1999–2024)
Year-by-year earnings quality comparison for Mercantile Bank Corporation. For live market cap and the full company financial profile, see Mercantile Bank Corporation market capitalisation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |