Mercantile Bank (MBWM) Tops Q3 EPS by 24c, Revenues Beat

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Go back to Mercantile Bank (MBWM) Tops Q3 EPS by 24c, Revenues Beat

Mercantile Bank Corporation Reports Third Quarter 2020 Results

October 20, 2020 5:01 AM EDT

GRAND RAPIDS, Mich., Oct. 20, 2020 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $10.7 million, or $0.66 per diluted share, for the third quarter of 2020, compared with net income of $12.6 million, or $0.77 per diluted share, for the respective prior-year period.  Net income during the first nine months of 2020 totaled $30.1 million, or $1.85 per diluted share, compared to $36.1 million, or $2.20 per diluted share, during the first nine months of 2019.

"In light of the challenging operating environment created by the ongoing COVID-19 pandemic, we are pleased with our overall financial performance... More