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Mercantile Bank Corporation MBWM CapEx

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Other financials

Income statement

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Revenue$67.6M+18.1%
Net income$22.7M+16.1%
EPS (diluted)$1.32+9.1%

Cash flow

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Operating cash flow$28.3M+1,051%
Free cash flow$27.4M+706%

Valuation

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Market cap$963.74M+35.3%
P/E10.5×+1.3×
P/S3.8×+0.7×

Profitability

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Net margin36.3%+2.7pp
FCF margin17%—

Returns & leverage

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Return on equity8.6%—
Debt / equity0×—

Where this comes from

Reported directly by Mercantile Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForProceedsFromProductiveAssets.

The official record: Mercantile Bank Corporation’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercantile Bank Corporation's capex?
Mercantile Bank Corporation (MBWM) reported capex of $938K in Q1 2026.
How has Mercantile Bank Corporation's capex changed year-over-year?
Mercantile Bank Corporation's capex decreased by 39.0% year-over-year, from $1.54M to $938K.
What is the long-term trend for Mercantile Bank Corporation's capex?
Over 4 years (2021 to 2025), Mercantile Bank Corporation's capex has grown at a 4.8% compound annual growth rate (CAGR), from $5.6M to $6.76M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.