Mercantile Bank Corp (MBWM) Q3 2024 Earnings Call Highlights: Strong Deposit Growth and Asset ...

By Yahoo! Finance | Oct 16, 2024 at 03:08 AM EST

The impressive deposit growth was driven by new client acquisition and focusing on deposit opportunities. Deposit pricing reacted to the Fed's rate cut by decreasing by about 50 basis points. The cost of deposits in the third quarter decreased by 50 basis points, impacting overall costs.

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