Mercantile Bank (MBWM) Tops Q2 EPS by 22c, Revenues Beat
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Mercantile Bank Corporation Reports Second Quarter 2020 Results
July 21, 2020 5:01 AM EDTGRAND RAPIDS, Mich., July 21, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.7 million, or $0.54 per diluted share, for the second quarter of 2020, compared with net income of $11.7 million, or $0.71 per diluted share, for the respective prior-year period. Net income during the first six months of 2020 totaled $19.4 million, or $1.19 per diluted share, compared to $23.5 million, or $1.43 per diluted share, during the first six months of 2019.
Proceeds from a bank owned life insurance claim increased net income in the prior-year second quarter by $1.3 million, or $0.08 per diluted... More
