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Company Profiles: Revenue, Growth, Competition

MERCANTILE BANK Revenue, Growth & Competitor Profile

DBA MERCANTILE BANK OF MICHIGAN
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Public Company
public company
Fast Growing
Fastest Growing
Big Fish
Big Fish
Brain Power (IP)
Patent/Trademark IP
 

Company Profile & Annual Report for Mercantile Bank

Access the complete profile.

Mercantile Bank Fast Facts

Revenue$100 - $500 million    See Exact Annual Revenue
Employees500 - 1,000Exact Company Size
Primary Industry52211 Commercial Banking
Address310 Leonard St Nw
Grand Rapids, MI 49504

mercbank.com


Mercantile Bank's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. It is classified as operating in the Commercial Banking industry.


Mercantile Bank's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?

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 Details in Premium Report
2022
2021
2020
2019


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

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's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or 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.


Recession Risk

Determine whether Mercantile Bank grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Mercantile Bank is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.



U.S. Industry Overview & Market Statistics:
Commercial Banking

Publisher: AnythingResearch

  • Market Size
  • Growth Rate
  • 5-Year Market Forecast
  • Average Company Size & Growth
  • Salary & Compensation Benchmarks



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 HeadquartersRevenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATIONJersey City, NJ100 
SOUTH DAKOTA BANKERS ASSOCIATIONPierre, SD72 
PNC FINANCIAL SERVICES GROUPPittsburgh, PA20 
U.S. BANCORPWashington, DC16 
TRUIST FINANCIALCharlotte, NC13 
MUFG BANKNew York, NY10 
TD BANKFalmouth, ME9 
MANUFACTURERS & TRADERS TRUSTBuffalo, NY9 
FIRST-CITIZENS BANK & TRUSTBoston, MA6 




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 HeadquartersRevenue ($ MM)
LAKE MICHIGAN CREDIT UNIONGrand Rapids, MI100 
NORTHPOINTE BANKGrand Rapids, MI51 
MERCANTILE BANKGrand Rapids, MI44 
INDEPENDENT BANKGrand Rapids, MI26 
UNITED BANK OF MICHIGANGrand Rapids, MI10 
MEMBER FIRST MORTGAGEGrand Rapids, MI8 




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.

CompanyRevenue ($ MM)
Mercantile Bank Competitors