Mercantile Bank Revenue, Growth & Competitor Profile

DBA MERCANTILE BANK OF MICHIGAN

Company Profile & Annual Report for Mercantile Bank

Access the complete profile.

Mercantile Bank Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	500 - 1,000Exact Company Size
Primary Industry	52211 Commercial Banking
Address	310 Leonard St Nw Grand Rapids, MI 49504

Mercantile Bank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Mercantile Bank's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Mercantile Bank is classified as operating in the Commercial Banking industry, NAICS Code 52211.

Mercantile Bank is a publicly traded company on NMS using the ticker symbol MBWM. Detailed information on company financials and operating reports can be found here: NMS: MBWM

Mercantile Bank Annual Revenue and Growth Rate

Mercantile Bank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Mercantile Bank's revenues are gauged from an analysis of company filings.

Investor Activity

Mercantile Bank has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date	Investors	Percent Raised	Target Size
January 31, 2022	44	100%	$90 MM
Complete list of funding rounds and total amounts in the Company Report

Trademark Applications

Trademark applications show the products and services that Mercantile Bank is developing and marketing. Mercantile Bank doesn't have any recent trademark applications, indicating Mercantile Bank is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
MERCSTART FRESH Banking services	04/26/2023
MERCSTART Banking services	06/28/2022
MERCANTILE BANK banking services	09/30/2020

See all trademarks and details in the Full Report.

Market Share of Mercantile Bank's Largest Competitors

A competitive analysis shows these companies are in the same general field as Mercantile Bank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATION	Jersey City, NJ	100
SOUTH DAKOTA BANKERS ASSOCIATION	Pierre, SD	72
PNC FINANCIAL SERVICES GROUP	Pittsburgh, PA	20
U.S. BANCORP	Minneapolis, MN	17
TRUIST FINANCIAL	Charlotte, NC	13
MUFG BANK	New York, NY	10
TD BANK	Falmouth, ME	9
FIRST-CITIZENS BANK & TRUST	Raleigh, NC	7
FEDERAL HOME LOAN BANK OF DES MOINES	Des Moines, IA	6

Nearby Competitors

These companies are similar in business line and location to Mercantile Bank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
LAKE MICHIGAN CREDIT UNION	Grand Rapids, MI	100
NORTHPOINTE BANK	Grand Rapids, MI	51
MERCANTILE BANK	Grand Rapids, MI	44
INDEPENDENT BANK	Grand Rapids, MI	29
UNITED BANK OF MICHIGAN	Grand Rapids, MI	10
MEMBER FIRST MORTGAGE	Grand Rapids, MI	8

Future Competition: Mercantile Bank's Fastest Growing Competitors

These companies are in the same general field as Mercantile Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)