Mercantile

Mercantile Bank (NASDAQ:) Corporation (NASDAQ: MBWM) reported a net income of $19.6 million ($1.22 per diluted share) for the third quarter of 2024, down from $20.9 million ($1.30 per diluted share) in the same period last year. The bank’s loan-to-deposit ratio improved to 102% as of September 30, 2024, down…

Mercantile Bank Corporation (NASDAQ:) announced strong financial outcomes for the first quarter of 2024, with earnings of $1.34 per share and revenues of $58.2 million. The bank declared a cash dividend of $0.35 per share, while emphasizing growth in core local deposits, asset quality, and a solid commercial loan pipeline.…