Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results
Noninterest income totaled $8.3 million during the fourth quarter of 2023, up $0.5 million, or 6.3 percent, from $7.8 million during the fourth quarter of 2022.
- Noninterest income totaled $8.3 million during the fourth quarter of 2023, up $0.5 million, or 6.3 percent, from $7.8 million during the fourth quarter of 2022.
- The net interest margin was 3.92 percent in the fourth quarter of 2023, down from 4.30 percent in the prior-year fourth quarter.
- Noninterest income totaled $8.3 million during the fourth quarter of 2023, compared to $7.8 million during the fourth quarter of 2022.
- Noninterest expense totaled $29.9 million during the fourth quarter of 2023, compared to $28.5 million during the prior-year fourth quarter.