Mercantile Bank (MBWM) Tops Q1 EPS by 16c, Revenues Beat

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Go back to Mercantile Bank (MBWM) Tops Q1 EPS by 16c, Revenues Beat

Mercantile Bank Corporation Announces Strong First Quarter 2021 Results

April 20, 2021 6:01 AM EDT

GRAND RAPIDS, Mich., April 20, 2021 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $14.2 million, or $0.87 per diluted share, for the first quarter of 2021, compared with net income of $10.7 million, or $0.65 per diluted share, for the respective prior-year period.

"We are very pleased to begin 2021 with a quarter of robust financial performance," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our strong financial results include ongoing strength in mortgage banking income, sound asset quality, solid growth in core commercial loans, and managed... More