Mercantile Bank (MBWM) Misses Q2 EPS by 1c, Slight Miss on Revenues
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Mercantile Bank Corporation Reports Strong Second Quarter 2018 Results
July 17, 2018 6:01 AM EDTGRAND RAPIDS, Mich., July 17, 2018 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $9.4 million, or $0.57 per diluted share, for the second quarter of 2018, compared with net income of $7.3 million, or $0.45 per diluted share, for the respective prior-year period. Net income during the first six months of 2018 totaled $20.3 million, or $1.22 per diluted share, compared to $15.0 million, or $0.91 per diluted share, during the first six months of 2017.
The successful collection of certain nonperforming commercial loans increased reported net income during the first six months of 2018 by approximately $1.7... More
