Mercantil Commercebank reports lower profits

 

icordle@MiamiHerald.com

Mercantil Commercebank on Wednesday reported $7.4 million in third quarter profits, down from $8.1 million in the third quarter of 2012.

The Coral Gables-based bank’s net loans closed at $4.5 billion, an increase of 13.4 percent from the same quarter of last year.

Mercantil Commercebank has $6.9 billion in assets and 19 banking centers, including 15 in South Florida, three in Houston and one in New York. The bank’s parent is Mercantil Servicios Financieros, the largest provider of financial services in Venezuela.

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