Mercantile Bank (MBWM) Declares $0.28 Quarterly Dividend; 5.3% Yield

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Go back to Mercantile Bank (MBWM) Declares $0.28 Quarterly Dividend; 5.3% Yield

Mercantile Bank (MBWM) Tops Q2 EPS by 22c, Revenues Beat

July 21, 2020 5:48 AM EDT

Mercantile Bank (NASDAQ: MBWM) reported Q2 EPS of $0.54, $0.22 better than the analyst estimate of $0.32. Revenue for the quarter came in at $41.6 million versus the consensus estimate of $36.61 million.

Total revenue, which consists of net interest income and noninterest income, was $41.6 million during the second quarter of 2020, up $4.1 million, or 11.0... More