Mercantile Bank Corporation — Earnings Quality Grade F
MBWM · Financial Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
Insufficient data
Revenue 4.8%, CFFO -82.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -20.7% vs revenue 4.8%. Normal
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 0.20. Only 20% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = 0.13
Accruals ratio = 1.0%. Low accruals
Cash $0.5B covers 95% of debt $0.5B
Balance Sheet Health
Goodwill+Intangibles $0.1B = 13% of equity. Manageable
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 88% YoY
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
Mercantile Bank Corporation is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25