Mercantile Bank: Q2 2024 Earnings Spike The Price

Balance ($ in thousand Percentage $ 29% 1,275,700 S 1,059,100 S $ 389,400 9% S 76,300 3,533,300 80% $ mohd izzuan/iStock via Getty Images In my previous Mercantile Bank (NASDAQ:MBWM) article, I highlighted my concerns about growth stalling, but the Q2 2024 results revealed an entirely different situation. Mortgage loan originations got a strong boost and the Loan to Deposit ratio is improving, albeit still too high. The market reacted very positively after the release of the quarterly report, +12%, as few e ...