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Mercantile Bank Corporation  (MBWM)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Mercantile Bank's Customers Performance

MBWM

 
MBWM's Source of Revenues In the Q3, Mercantile Bank Corporation's corporate clients experienced a reduction by -3.27 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 4.19 %. During the corresponding time, Mercantile Bank Corporation recorded revenue increase by 17.5 % year on year, sequentially revenue grew by 3.22 %. While revenue at the Mercantile Bank Corporation's corporate clients fell by -6.12 % year on year, sequentially revenue grew by 3.05 %.

List of MBWM Customers




Customers of Mercantile Bank Corporation saw their costs of revenue decrease by -3.27 % in Q3 compare to a year ago, sequentially costs of revenue grew by 4.19 %, for the same period Mercantile Bank Corporation recorded revenue increase by 17.5 % year on year, sequentially revenue grew by 3.22 %.

List of MBWM Customers


   
Customers Net Income fell in Q3 by Customers Net margin fell to %
-6.33 % 17.2 %



Mercantile Bank's Customers, Q3 2023 Revenue Growth By Industry
Customers in Construction Services Industry -6.95 %   
Customers in Life Insurance Industry -0.44 %   
Customers in Property & Casualty Insurance Industry -4.57 %   
Customers in Miscellaneous Financial Services Industry      12.55 %
Customers in Medical Equipment & Supplies Industry  
     
• Customers Valuation • Customers Mgmt. Effect.


Mercantile Bank's Comment on Sales, Marketing and Customers



Our bank is a state banking company that operates under the laws of the State of Michigan, pursuant to a charter issued by the Michigan Office of Financial and Insurance Regulation. Our bank’s deposits are insured to the maximum extent permitted by law by the Federal Deposit Insurance Corporation (“FDIC”). Our bank, through its 48 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan. Our bank’s main office is located in Grand Rapids, with branch office locations in Alma, Belding, Cadillac, Canadian Lakes, Clare, Comstock Park, DeWitt, Fairview, Grand Rapids, Hale, Hastings, Holland, Howard City, Ionia, Ithaca, Kalamazoo, Kentwood, Lakeview, Lansing, Lowell, Merrill, Mt. Pleasant, Paw Paw, Portage, Remus, Rose City, Shepherd, St. Charles, St. Helen, St. Johns, Vestaburg, West Branch, and Wyoming.





Mercantile Bank's Comment on Sales, Marketing and Customers


Our bank is a state banking company that operates under the laws of the State of Michigan, pursuant to a charter issued by the Michigan Office of Financial and Insurance Regulation. Our bank’s deposits are insured to the maximum extent permitted by law by the Federal Deposit Insurance Corporation (“FDIC”). Our bank, through its 48 office locations, provides commercial banking services primarily to small- to medium-sized businesses and retail banking services in and around the West and Central portions of Michigan. Our bank’s main office is located in Grand Rapids, with branch office locations in Alma, Belding, Cadillac, Canadian Lakes, Clare, Comstock Park, DeWitt, Fairview, Grand Rapids, Hale, Hastings, Holland, Howard City, Ionia, Ithaca, Kalamazoo, Kentwood, Lakeview, Lansing, Lowell, Merrill, Mt. Pleasant, Paw Paw, Portage, Remus, Rose City, Shepherd, St. Charles, St. Helen, St. Johns, Vestaburg, West Branch, and Wyoming.








MBWM's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Mercantile Bank Corporation 590.60 218.25 83.99 558
Arch Capital Group Ltd 35,026.96 13,634.00 4,442.00 5,200
American International Group Inc 56,728.19 46,802.00 3,878.00 36,600
Achari Ventures Holdings Corp I 35.36 855.20 -2.25 214
Beazer Homes Usa Inc 967.26 2,147.69 156.01 1,063
Century Communities Inc 2,990.25 3,727.03 194.24 510
Mr Cooper Group Inc 5,189.04 1,794.00 500.00 7,200
D r Horton Inc 55,239.44 35,928.60 4,782.60 13,237
Essent Group Ltd 6,169.98 1,109.76 696.39 366
Genworth Financial Inc 2,889.64 7,488.00 139.00 5,300
Green Brick Partners Inc 2,682.95 1,758.42 287.48 0
Hovnanian Enterprises Inc 993.03 2,463.18 132.53 0
Kb Home 5,950.46 6,410.63 590.18 1,590
Lennar Corp 49,333.22 34,233.37 3,961.29 9,495
Lgi Homes Inc 2,665.67 2,358.58 199.23 390
Mbia Inc 317.79 95.00 -407.00 252
M d c Holdings Inc 4,762.79 4,520.11 401.01 0
Mi Homes Inc 3,667.23 4,033.50 465.37 1,008
Mgic Investment Corp 6,402.22 1,155.10 712.95 800
Meritage Homes Corporation 6,185.02 1,518.56 738.75 1,409
Nmi Holdings Inc 2,622.18 579.00 322.11 243
Nobility Homes Inc 109.02 64.82 11.32 129
Nvr Inc 27,018.67 9,518.20 1,591.61 6,600
New Home Co Inc 165.83 497.10 5.23 234
Radian Group Inc 5,189.70 1,240.59 603.12 1,881
Taylor Morrison Home Corp 6,656.13 7,901.79 871.98 113
Toll Brothers Inc 13,974.92 9,994.94 1,372.07 3,900
Tri Pointe Homes Inc 3,666.15 4,167.88 349.20 1,036
Vanjia Corporation 165.60 0.02 0.07 1
SUBTOTAL 307,764.70 205,997.05 26,994.46 98,771


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