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Mercantile Bank posts Q1 2026 profit of $22.7 million with rising revenue and loan growth.
Mercantile Bank reported a Q1 2026 profit of $22.7 million, up from the previous year, with adjusted earnings reaching $1.46 per share.
The bank saw net revenue and loan growth rise 18% and 15% respectively, driven by increased deposits and fees.
Despite a slight drop in margins, the bank maintained strong capital levels and projected future stability.
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Mercantile Bank obtiene un beneficio Q1 2026 de $ 22.7 millones con un aumento en los ingresos y el crecimiento de los préstamos.