Detail akcie Mercantile Bank online

Business Summary: Mercantile Bank Corporation is the bank holding company for Mercantile Bank (The Bank). The Bank is a state banking company that provides commercial banking services primarily to small- to medium-sized businesses and retail banking services. Its operations are centered around the West and Central portions of Michigan. It also has banking offices located in the metropolitan Detroit, Michigan area, Traverse City, Michigan, Saginaw, Michigan, and Midland, Michigan. It makes secured and unsecured commercial, construction, mortgage and consumer loans, and accepts checking, savings and time deposits. It also enables customers to conduct certain loan and deposit transactions by personal computer and through mobile applications. Its insurance product offerings include private passenger automobiles, homeowners, personal inland marine, boat owners, recreational vehicles, dwelling fire, umbrella policies, small businesses, and life insurance products.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Mercantile Bank Corp interest income increased 49% to $271.4M. Net interest income after loan loss provision increased 23% to $185.8M. Net income increased 35% to $82.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 22% to 4.05%, Net Interest Spread, Total - % increase of 7% to 3.21%, Loans, including fees increase of 52% to $253.1M.