Mercantile Bank (MBWM) Misses Q4 EPS by 2c

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Go back to Mercantile Bank (MBWM) Misses Q4 EPS by 2c

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2017 Results

January 16, 2018 6:01 AM EST

GRAND RAPIDS, Mich., Jan. 16, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.0 million, or $0.48 per diluted share, for the fourth quarter of 2017, compared with net income of $8.1 million, or $0.49 per diluted share, for the respective prior-year period.  For the full year 2017, Mercantile reported net income of $31.3 million, or $1.90 per diluted share, compared with net income of $31.9 million, or $1.96 per diluted share, for the full year 2016.

Excluding the impacts of certain noncore transactions, diluted earnings per share during 2017 and 2016 equaled $1.89 and $1.76, respectively.  These transactions included a... More