Mercantile Bank Corporation (MBWM) — Free Cash Flow Generation Index
Mercantile Bank Corporation (MBWM) has a Free Cash Flow Generation Index of 0.89x as of September 2025. Free cash flow of $20.47 Million represents 1% of operating cash flow ($23.11 Million). See MBWM working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Mercantile Bank Corporation Free Cash Flow Generation Index (1998–2024)
Historical FCF Generation Index trend for Mercantile Bank Corporation across 26 annual periods. Explore how well can Mercantile Bank Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Mercantile Bank Corporation (1998–2024)
Year-by-year Free Cash Flow Generation Index for Mercantile Bank Corporation. For the full company profile including market capitalisation, see MBWM stock market capitalisation.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.92x | $92.59 Million | $101.12 Million | $8.53 Million | ▲ +1.8% |
| 2023 | 0.90x | $59.93 Million | $66.61 Million | $6.69 Million | ▼ -7.7% |
| 2022 | 0.97x | $116.84 Million | $119.86 Million | $3.02 Million | ▲ +6.7% |
| 2021 | 0.91x | $58.97 Million | $64.57 Million | $5.60 Million | ▲ +19.7% |
| 2020 | 0.76x | $28.89 Million | $37.88 Million | $8.99 Million | ▲ +9.1% |
| 2019 | 0.70x | $31.28 Million | $44.77 Million | $13.48 Million | ▼ -22.2% |
| 2018 | 0.90x | $55.42 Million | $61.74 Million | $6.32 Million | ▲ +4.4% |
| 2017 | 0.86x | $33.24 Million | $38.66 Million | $5.42 Million | ▼ -8.7% |
| 2016 | 0.94x | $32.58 Million | $34.60 Million | $2.02 Million | ▼ -2.9% |
| 2015 | 0.97x | $34.92 Million | $36.00 Million | $1.08 Million | ▲ +14.0% |
| 2014 | 0.85x | $12.26 Million | $14.41 Million | $2.17 Million | ▼ -13.9% |
| 2013 | 0.99x | $28.36 Million | $28.68 Million | $326.00K | ▲ +2.3% |
| 2012 | 0.97x | $16.46 Million | $17.03 Million | $571.00K | ▼ -0.9% |
| 2011 | 0.98x | $21.95 Million | $22.51 Million | $556.00K | ▼ -2.1% |
| 2010 | 1.00x | $29.48 Million | $29.60 Million | $118.00K | ▲ +4.8% |
| 2008 | 0.95x | $12.96 Million | $13.63 Million | $673.00K | ▲ +16.1% |
| 2007 | 0.82x | $15.85 Million | $19.36 Million | $3.51 Million | ▲ +3.9% |
| 2006 | 0.79x | $21.92 Million | $27.83 Million | $5.91 Million | ▲ +11.6% |
| 2005 | 0.71x | $18.42 Million | $26.10 Million | $7.68 Million | ▲ +66.2% |
| 2004 | 0.42x | $7.76 Million | $18.27 Million | $10.52 Million | ▼ -38.0% |
| 2003 | 0.68x | $9.31 Million | $13.61 Million | $4.29 Million | ▲ +5.7% |
| 2002 | 0.65x | $6.49 Million | $10.02 Million | $3.53 Million | ▲ +278.1% |
| 2001 | -0.36x | $-1.60 Million | $4.39 Million | $5.99 Million | ▼ -142.1% |
| 2000 | 0.86x | $6.95 Million | $8.05 Million | $1.10 Million | ▲ +123.1% |
| 1999 | 0.39x | $1.20 Million | $3.10 Million | $1.90 Million | ▲ +124.6% |
| 1998 | -1.57x | $-660.00K | $420.00K | $1.08 Million | — |