Mercantile Bank Corporation (MBWM) — Financial Flexibility Index
Mercantile Bank Corporation (MBWM) has a Financial Flexibility Index of 0.00x as of September 2025. Free cash flow of $25.74 Million (operating CF $23.11 Million minus capex $2.64 Million) represents 0% of total liabilities ($5.65 Billion). Also explore Mercantile Bank Corporation annual equity growth to track the company's year-over-year net asset growth rate.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Mercantile Bank Corporation Financial Flexibility Index (1998–2024)
Historical Financial Flexibility Index trend for Mercantile Bank Corporation across 27 annual periods. Check asset allocation strategy of Mercantile Bank Corporation to assess the company's strategic physical and investment asset allocation.
Annual Financial Flexibility Index for Mercantile Bank Corporation (1998–2024)
Year-by-year free cash flow to debt coverage for Mercantile Bank Corporation. For the full company profile including market capitalisation, see MBWM stock market capitalisation.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.02x | $109.65 Million | $101.12 Million | $5.47 Billion | ▲ +32.2% |
| 2023 | 0.02x | $73.30 Million | $66.61 Million | $4.83 Billion | ▼ -45.3% |
| 2022 | 0.03x | $122.88 Million | $119.86 Million | $4.43 Billion | ▲ +89.7% |
| 2021 | 0.01x | $70.17 Million | $64.57 Million | $4.80 Billion | ▲ +24.6% |
| 2020 | 0.01x | $46.87 Million | $37.88 Million | $4.00 Billion | ▼ -35.2% |
| 2019 | 0.02x | $58.25 Million | $44.77 Million | $3.22 Billion | ▼ -20.5% |
| 2018 | 0.02x | $68.06 Million | $61.74 Million | $2.99 Billion | ▲ +50.9% |
| 2017 | 0.02x | $44.09 Million | $38.66 Million | $2.92 Billion | ▲ +13.0% |
| 2016 | 0.01x | $36.63 Million | $34.60 Million | $2.74 Billion | ▼ -7.4% |
| 2015 | 0.01x | $37.09 Million | $36.00 Million | $2.57 Billion | ▲ +123.2% |
| 2014 | 0.01x | $16.59 Million | $14.41 Million | $2.57 Billion | ▼ -71.6% |
| 2013 | 0.02x | $29.01 Million | $28.68 Million | $1.27 Billion | ▲ +65.1% |
| 2012 | 0.01x | $17.60 Million | $17.03 Million | $1.28 Billion | ▼ -24.2% |
| 2011 | 0.02x | $23.06 Million | $22.51 Million | $1.27 Billion | ▼ -7.8% |
| 2010 | 0.02x | $29.72 Million | $29.60 Million | $1.51 Billion | ▲ +499.1% |
| 2009 | 0.00x | $-8.73 Million | $-8.78 Million | $1.77 Billion | ▼ -170.3% |
| 2008 | 0.01x | $14.31 Million | $13.63 Million | $2.03 Billion | ▼ -40.2% |
| 2007 | 0.01x | $22.88 Million | $19.36 Million | $1.94 Billion | ▼ -33.9% |
| 2006 | 0.02x | $33.74 Million | $27.83 Million | $1.90 Billion | ▼ -11.3% |
| 2005 | 0.02x | $33.77 Million | $26.10 Million | $1.68 Billion | ▼ -2.8% |
| 2004 | 0.02x | $28.79 Million | $18.27 Million | $1.39 Billion | ▲ +23.7% |
| 2003 | 0.02x | $17.90 Million | $13.61 Million | $1.07 Billion | ▲ +3.8% |
| 2002 | 0.02x | $13.54 Million | $10.02 Million | $842.02 Million | ▼ -2.9% |
| 2001 | 0.02x | $10.39 Million | $4.39 Million | $627.22 Million | ▼ -12.9% |
| 2000 | 0.02x | $9.15 Million | $8.05 Million | $480.89 Million | ▲ +29.3% |
| 1999 | 0.01x | $5.00 Million | $3.10 Million | $340.00 Million | ▲ +85.8% |
| 1998 | 0.01x | $1.50 Million | $420.00K | $189.54 Million | — |