MBWM
Mercantile Bank Corp.
Halal Rating :
See Details
Last Price
$49.02
Last updated:
Market Cap
$691.66m
7D Change
1.16%
1 Year Change
35.94%
Company Overview
Industries
Exchange
Nasdaq
Next Earnings Date
Mercantile Bank of Michigan provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. As of January 18, 2022, the company operated 44 banking offices.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $57.96m | $35.12m | $48.29m | $35.12m | 83.32% | 100.00% |
| June 30, 2024 | $56.75m | $31.81m | $47.07m | $31.81m | 82.94% | 100.00% |
| March 31, 2024 | $58.23m | $29.36m | $47.36m | $29.36m | 81.34% | 100.00% |
Company Impact
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