Mercantile Bank (Mercantile Bank) Net Interest Income (for Banks)

: $193.5 Mil (As of Dec. 2023)

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Net interest income is the income earned by banks from the fund they have on their balance sheet. Mercantile Bank's net interest income for the three months ended in Dec. 2023 was $48.6 Mil. Its net interest income for the trailing twelve months (TTM) ended in Dec. 2023 was $193.5 Mil.

Mercantile Bank's quarterly net interest income increased from Jun. 2023 ($47.6 Mil) to Sep. 2023 ($49.0 Mil) but then declined from Sep. 2023 ($49.0 Mil) to Dec. 2023 ($48.6 Mil).

Mercantile Bank's annual net interest income increased from Dec. 2021 ($124.1 Mil) to Dec. 2022 ($158.2 Mil) and increased from Dec. 2022 ($158.2 Mil) to Dec. 2023 ($193.5 Mil).

Mercantile Bank Net Interest Income (for Banks) Historical Data

The historical data trend for Mercantile Bank's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mercantile Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

124.53

122.25

124.06

158.24

193.55

Mercantile Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Interest Income (for Banks)																50.66	48.38	47.55	48.96	48.65

Mercantile Bank Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $193.5 Mil.

Mercantile Bank (Mercantile Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank Corp (NAS:MBWM) » Definitions » Net Interest Income (for Banks)

Comparable Companies

Traded in Other Exchanges

MCS:Germany

Address

310 Leonard Street NW, Grand Rapids, MI, USA, 49504

Website

https://www.mercbank.com

Mercantile Bank Corp operates as a bank holding company. The bank provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Executives

Amy L Sparks	director	C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael H Price	director, officer: President & COO	MERCANTILE BANK CORP, 5650 BYRON CENTER SW, WYOMING MI 49509
David B Ramaker	director	235 E. MAIN STREET, MIDLAND MI 48640
Robert T. Worthington	officer: SENIOR V.P., GENERAL COUNSEL	310 LEONARD ST NW, GRAND RAPIDS MI 49504
Brett Hoover	officer: SVP, Human Resources Director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Lonna Wiersma	officer: SVP, Human Resources Director	C/O MERCANTILE BANK CORPORATION, 310 LEONARD ST., GRAND RAPIDS MI 49504
Michael S. Davenport	director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Michelle Larabee Eldridge	director	259 E. MICHIGAN AVE., SUITE 105, KALAMAZOO MI 49007
Edward B Grant	director
Thomas R Sullivan	director, officer: CHAIRMAN OF THE BOARD
Edward J Clark	director	C/O AMERICAN SEATING CO, 401 AMERICAN SEATING CENTER N.W., GRAND RAPIDS MI 49504-4499
Raymond E. Reitsma	director	310 LEONARD STREET NW, GRAND RAPIDS MI 49504
Jeff A Gardner	director	C/O FIRSTBANK CORPORATION, 311 WOODWORTH AVENUE, ALMA MI 48801
Samuel G Stone	officer: EXECUTIVE VICE PRESIDENT
Robert B Kaminski	officer: Senior VP & Secretary	C/O MERCANTILE BANK CORP, 5650 BYRON CENTER AVENUE SW, WYOMING MI 49509