Mercantile Bank Corporation
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $18.8M | $21.6M | $20.0M | $20.9M | $20.4M | $21.0M | $21.8M | $16.0M |
| Depreciation & Amortization | $2.7M | $2.8M | $2.6M | $2.9M | $2.9M | $3.0M | $3.1M | $3.2M |
| Depreciation | $1.5M | $1.6M | $1.6M | $1.5M | $1.4M | $1.5M | $1.4M | $1.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $891.0K | $742.0K | $879.0K | $824.0K | $828.0K | $853.0K | $979.0K | $790.0K |
| Net Cash from Operating Activities | $9.1M | $40.2M | $-7.3M | $36.4M | $19.4M | $18.1M | $37.1M | $32.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-155.4M | $-13.2M | $-198.9M | $-51.7M | $-88.2M | $-57.1M | $-52.0M | $-166.6M |
| Financing Activities | ||||||||
| Dividends Paid | $5.5M | $5.5M | $5.3M | $5.3M | $5.2M | $5.2M | $5.0M | $5.0M |
| Stock Repurchases | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Financing Activities | $106.7M | $79.6M | $70.7M | $73.5M | $218.6M | $237.0K | $-172.3M | $-61.3M |
| Net Change in Cash | $-39.6M | $106.7M | $-135.5M | $58.2M | $149.9M | $-38.8M | $-187.2M | $-195.1M |
| Free Cash Flow | — | — | — | — | — | — | — | — |