Mercantile Bank (MBWM) Tops Q1 EPS by 2c

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Go back to Mercantile Bank (MBWM) Tops Q1 EPS by 2c

Mercantile Bank Corporation Reports Strong First Quarter 2019 Results

April 16, 2019 6:01 AM EDT

GRAND RAPIDS, Mich., April 16, 2019 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.8 million, or $0.72 per diluted share, for the first quarter of 2019, compared with net income of $10.9 million, or $0.66 per diluted share, for the respective prior-year period.  A bank owned life insurance claim and a gain on the sale of a former branch facility during the first quarter of 2019 increased net income by approximately $1.8 million, or $0.11 per diluted share, while the successful collection of certain commercial loan relationships during the prior-year first quarter increased reported net income by... More