In the Q2, Mercantile Bank Corporation's corporate clients experienced a decline by -13.76 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.72 %. During the corresponding time, Mercantile Bank Corporation recorded a revenue increase by 18.9 % year on year, sequentially revenue grew by 1.68 %. While revenue at the Mercantile Bank Corporation's corporate clients recorded rose by 1.73 % year on year, sequentially revenue grew by 19.99 %.
Customers of Mercantile Bank Corporation saw their costs of revenue decline by -13.76 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.72 %, for the same period Mercantile Bank Corporation recorded revenue increase by 18.9 % year on year, sequentially revenue grew by 1.68 %.
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.
Sources:
Mercantile Bank Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Mercantile Bank Corporation’s corporate clients.
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