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, Petoskey, 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 three months ended 31 March 2025, Mercantile Bank Corp interest income increased 5% to $80.3M. Net interest income after loan loss provision increased 1% to $46.4M. Net income decreased 9% to $19.5M. Net interest income after loan loss provision reflects Interest-earning deposits increase of 44% to $2.9M, Loans, including fees increase of 1% to $72M. Net income was offset by Deposits increase of 13% to $25.2M (expense).