Mercantile Bank
Banking · Michigan, United States · 501-1,000 Employees
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Overview
Headquarters
310 Leonard St NW, Grand Rapids, Michiga...Phone Number
(616) 406-3000Website
www.mercbank.comRevenue
$263.9 MillionStock Symbol
MBWMIndustry
ZI Rank: 9
Signal Type
Feb
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ZI Rank
6
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9
About Mercantile Bank
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that 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. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personalRead more
Mercantile Bank Org Chart
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Company Profile Activity
Activity Insights
Mercantile Bank is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
Mercantile Bank is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Mercantile Bank.
Mercantile Bank Tech Stack
A closer look at the technologies used by Mercantile Bank
Most Recent Scoops
Earnings
Mercantile Bank has reported a loan-to-deposit ratio of 93% as of June 30, 2026, improved from 100% at June 30, 2025, with non-interest-bearing deposits comprising 27% and lower-cost deposits comprising 24% of the total deposit mix, up from 25% and 20%, respectively, at the end of the second quarter of 2025.
Accounting, Financial Reporting, Banking, Finance
Earnings
Mercantile Bank has reported a net interest margin of 3.59% for the second quarter of 2026, reflecting an increase of 11 basis points over the last 5 quarters, even as the SOFR 90-day average rate declined 71 basis points over the same period.
Earnings, Accounting, Financial Reporting, Finance
Earnings
Mercantile Bank has reported average loans of $4.89 billion during the second quarter of 2026, an increase of $197 million compared to the second quarter of 2025, with the yield on loans declining 28 basis points year-over-year, primarily reflecting the aggregate 75 basis point decrease in the federal funds rate during the last 4 months of 2025.
Earnings, Business Finance, Finance
Earnings
Mercantile Bank has reported commercial loan growth of $115 million in the second quarter of 2026, representing an annualized growth rate of 11.7%, with new commercial loan commitments totaling $224 million and construction loan funding commitments totaling $283 million as of June 30, 2026, each at or near 5-quarter highs.
Business Finance, Finance
Earnings
Asset Management, Accounting, Financial Reporting, Finance
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Frequently Asked Questions Regarding Mercantile Bank
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Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that 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 certifica... Read More
