Mercantile Bank (MBWM) Tops Q4 EPS by 32c

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Go back to Mercantile Bank (MBWM) Tops Q4 EPS by 32c

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2020 Results

January 19, 2021 6:01 AM EST

GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $14.1 million, or $0.87 per diluted share, for the fourth quarter of 2020, compared with net income of $13.3 million, or $0.81 per diluted share, for the respective prior-year period.  For the full year 2020, Mercantile reported net income of $44.1 million, or $2.71 per diluted share, compared with net income of $49.5 million, or $3.01 per diluted share, for the full year 2019.

"We are very pleased to report another year of strong financial performance, especially when considering the unprecedented operating environment... More