Mercantile Bank (MBWM) Declares $0.29 Quarterly Dividend; 3.6% Yield

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

April 20, 2021 6:02 AM EDT

Mercantile Bank (NASDAQ: MBWM) reported Q1 EPS of $0.87, $0.16 better than the analyst estimate of $0.71. Revenue for the quarter came in at $43 million versus the consensus estimate of $42.1 million.

First quarter highlights include:

Robust earnings and capital positionStrong mortgage banking... More