Mercantile Bank (MBWM) Raises Quarterly Dividend 6.3% to $0.17; 2.7% Yield
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Mercantile Bank (MBWM) Tops Q2 EPS by 4c; CEO Price to Retire
July 19, 2016 6:08 AM EDTMercantile Bank (NASDAQ: MBWM) reported Q2 EPS of $0.46, $0.04 better than the analyst estimate of $0.42. Revenue for the quarter came in at $31.2 million versus the consensus estimate of $30.1 million.
The Board of Directors of Mercantile Bank Corporation also announced that Chairman, President and Chief Executive Officer ("CEO") Michael H. Price has provided his intention to retire from the President and CEO positions of Mercantile effective January 1, 2017. Price will remain Chairman and an executive officer until the annual shareholders' meeting scheduled for May 2018, at which time he will remain on the Board of Directors but... More
