Mercantile Bank of Michigan
Provides a high level of service, a knowledgeable staff, and are committed to strengthening the diverse communities.
Financials
Estimates*
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 151m | 167m | 179m | 190m | 226m | 228m | 230m |
| % growth | 9 % | 11 % | 7 % | 6 % | 19 % | 1 % | 1 % |
| Profit | 49.5m | 44.1m | 59.0m | 61.1m | 82.2m | - | - |
| % profit margin | 33 % | 26 % | 33 % | 32 % | 36 % | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | $8.5m | IPO | |
* | N/A | $15.0m | Private Placement VC |
| Total Funding | €13.6m | ||
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