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Mercantile Bank cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$47.1M in Q3 2026 · $96.3M over twelve months

Operating cash flow$47.1M
Free cash flow+$47.1M
Cash / net income2.0×

Analysis

In Q3 2026, Mercantile Bank generated $47.1M of operating cash flow. That is $24.0M more than in Q3 2025 ($23.1M).

Over the twelve months to Sep 30, 2026, operating cash flow was $96.3M; the largest uses were other investing ($172M), dividends ($26.2M); besides operations, cash came from other financing ($254M), shares issued ($214K); the cash balance rose by $151M.

Operating cash flow was $47.1M against net income of $24.1M — 2.0× profit, cash ran ahead of reported earnings. The largest differences: accrued liabilities +$49.4M, prepaid and other assets −$34.3M, depreciation & amortization +$1.2M.

Free cash flow

Mercantile Bank: free cash flow by quarterMercantile Bank: free cash flow by quarter$59.9MQ4 2024−$3.0MQ1 2025−$7.8MQ2 2025$23.1MQ3 2025$5.6MQ4 2025$28.3MQ1 2026$15.3MQ2 2026$47.1MQ3 2026
Operating cash flow less capital spending.
Mercantile Bank: operating cash flow against capital spendingMercantile Bank: operating cash flow against capital spendingOperating cash flowCapital spending$59.9M$0Q4 2024−$3.0M$0Q1 2025−$7.8M$0Q2 2025$23.1M$0Q3 2025$5.6M$0Q4 2025$28.3M$0Q1 2026$15.3M$0Q2 2026$47.1M$0Q3 2026
Latest (Q3 2026): Operating cash flow $47.1M, Capital spending $0.

Capital allocation, year by year

Mercantile Bank: where the cash came from (up) and went (down), by fiscal yearMercantile Bank: where the cash came from (up) and went (down), by fiscal yearOperating cash flowShares issuedAcquisitionsBuybacksDividendsFY2021: Operating cash flow $64.6MFY2021: Shares issued $50KFY2021: Buybacks −$21.4MFY2021: Dividends −$18.5M$64.6MFY2021FY2022: Operating cash flow $120MFY2022: Shares issued $36KFY2022: Dividends −$19.6M$120MFY2022FY2023: Operating cash flow $66.6MFY2023: Dividends −$21.0M$66.6MFY2023FY2024: Operating cash flow $101MFY2024: Dividends −$22.5M$101MFY2024FY2025: Operating cash flow $18.0MFY2025: Shares issued $128KFY2025: Acquisitions $53.6MFY2025: Dividends −$24.0M$71.7MFY2025
Over these 5 years operating cash flow totalled $370M; the largest uses were dividends ($106M) and buybacks ($21.4M). Cash-flow statements as filed.

Where the cash came from and went

Mercantile Bank: sources (+) and uses (−) of cash, Q3 2026Mercantile Bank: sources (+) and uses (−) of cash, Q3 2026Other financing$293MCash drawn (+) / kept (−)−$288MOperating cash flow$47.1MOther investing−$46.2MDividends−$6.8MShares issued$54K
Mercantile Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Mercantile Bank: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$254MOther investing−$172MCash drawn (+) / kept (−)−$151MOperating cash flow$96.3MDividends−$26.2MShares issued$214K

From profit to cash

Mercantile Bank: net income to operating cash flow, Q3 2026Mercantile Bank: net income to operating cash flow, Q3 2026Net income$24.1MDepreciation & amortization$1.2MStock-based pay$999KGains on disposals$6KAccrued liabilities$49.4MPrepaid and other assets−$34.3MOperating cash flow$47.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowDividendsShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$47.1M−$6.8M$54K−$288M$47.1M
Q2 2026$15.3M−$6.6M$59K$238M$15.3M
Q1 2026$28.3M−$6.6M$46K−$106M$28.3M
Q4 2025$5.6M−$6.1M$55K$3.7M$5.6M
Q3 2025$23.1M−$6.1M$46K−$181M$23.1M
Q2 2025−$7.8M−$5.9M$15K$89.4M−$7.8M
Q1 2025−$3.0M−$5.9M$12K$7.5M−$3.0M
Q4 2024$59.9M−$5.7M$15K−$64.5M$59.9M

Mercantile Bank: income statement and cash flow

Mercantile Bank, Q3 2026: revenue $73.2M (+17% year over year), operating margin 39.5%. The chart follows the revenue to costs, profit and cash.

Mercantile Bank: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.