Business

July 30, 2014

Mercantil Commercebank reports lower second-quarter earnings

Mercantil Commercebank on Wednesday reported a lower second quarter profit of $6.7 million, compared to $9.2 million for the second quarter of 2013.

Mercantil Commercebank on Wednesday reported a lower second quarter profit of $6.7 million, compared to $9.2 million for the second quarter of 2013.

The Coral Gables-based bank’s loans closed at $5.0 billion, an increase of 8.7 percent over the past year, as commercial and industrial loans rose by 5.4 percent. Deposits reached $5.8 billion, up 6.9 percent from the end of June 2013.

Mercantil Commercebank is owned by Mercantil Servicios Financieros of Venezuela. The bank has $7.5 billion in assets and 20 branches, including 15 in South Florida; four in Houston and one in New York.

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