What is Mercantile Bank Corporation's income taxes paid, net?

Mercantile Bank Corporation (MBWM) reported income taxes paid, net of -$10.71M in Q1 2026.

What does income taxes paid, net mean?

This represents the actual cash outflow for income taxes during the period, net of any refunds received. Unlike the income tax expense reported on the income statement, this figure reflects the timing of actual tax payments to government authorities. It is a key indicator of the company's effective cash tax rate and its ability to manage tax liabilities.

Mercantile Bank Corporation MBWM Income Taxes Paid, Net

Income Taxes Paid, Net at other companies

Ameris BancorpABCB

$447K+114%

BankUnitedBKU

$25.34M-12.8%

Capital City Bank GroupCCBG

$0—

Atlantic Union BanksharesAUB

-$6.22M-992%

BancFirst CorporationBANF

$1K-99.9%

Commerce BancsharesCBSH

——

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%

CapEx$938.0K-39.0%

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:IncomeTaxesPaidNet.

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 income taxes paid, net?: Mercantile Bank Corporation (MBWM) reported income taxes paid, net of -$10.71M in Q1 2026.
What does income taxes paid, net mean?: This represents the actual cash outflow for income taxes during the period, net of any refunds received. Unlike the income tax expense reported on the income statement, this figure reflects the timing of actual tax payments to government authorities. It is a key indicator of the company's effective cash tax rate and its ability to manage tax liabilities.