Mercantile Bank (MBWM) Tops Q3 EPS by 3c

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Go back to Mercantile Bank (MBWM) Tops Q3 EPS by 3c

Mercantile Bank Corporation Reports Strong Third Quarter 2017 Results

October 17, 2017 6:01 AM EDT

GRAND RAPIDS, Mich., Oct. 17, 2017 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.3 million, or $0.51 per diluted share, for the third quarter of 2017, compared with net income of $7.8 million, or $0.48 per diluted share, for the respective prior-year period.  Net income during the first nine months of 2017 totaled $23.3 million, or $1.41 per diluted share, compared to $23.8 million, or $1.46 per diluted share, during the first nine months of 2016.  Excluding the impacts of certain noncore transactions, including a Bank-owned life insurance death benefit claim in the first quarter of 2017, the... More