Mercantile Bank Corporation

NASDAQ MBWM

Data sourced from iex and EODHD
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Mercantile Bank Corporation Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2024: -3.97%

Mercantile Bank Corporation Pre-Tax Margin is -3.97% for the Trailing 12 Months (TTM) ending March 31, 2024, a -107.16% change year over year. Pre-tax margin represents the proportion of a company's earnings before taxes (EBT) to its revenue. It is calculated by dividing the EBT by the revenue. This ratio indicates the profitability of the company's operations before the impact of taxes. A higher pre-tax margin suggests that the company generates a larger proportion of revenue as pre-tax profit, indicating stronger operational performance and efficiency.
  • Mercantile Bank Corporation Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2023 was 55.40%, a 9.07% change year over year.
  • Mercantile Bank Corporation Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2022 was 50.79%, a 6.52% change year over year.
  • Mercantile Bank Corporation Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2021 was 47.69%, a -22.03% change year over year.
  • Mercantile Bank Corporation Pre-Tax Margin for the Trailing 12 Months (TTM) ending March 31, 2020 was 61.16%, a 11.37% change year over year.
NASDAQ: MBWM

Mercantile Bank Corporation

CEO Mr. Robert B. Kaminski Jr.
IPO Date Aug. 7, 1997
Location United States
Headquarters 310 Leonard Street NW, Grand Rapids, MI, United States, 49504
Employees 642
Sector Financial Services
Industry Banks - regional
Description

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, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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StockViz Staff

September 19, 2024

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