Mercantile Bank (MBWM) Tops Q4 EPS by 9c

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Go back to Mercantile Bank (MBWM) Tops Q4 EPS by 9c

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2018 Results

January 22, 2019 5:01 AM EST

GRAND RAPIDS, Mich., Jan. 22, 2019 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.6 million, or $0.70 per diluted share, for the fourth quarter of 2018, compared with net income of $8.0 million, or $0.48 per diluted share, for the respective prior-year period.  For the full year 2018, Mercantile reported net income of $42.0 million, or $2.53 per diluted share, compared with net income of $31.3 million, or $1.90 per diluted share, for the full year 2017.

Net income during the fourth quarter and full year 2018 benefited from a reduction in the corporate federal income tax rate,... More