Mercantile Bank (MBWM) Misses Q4 EPS by 12c

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Go back to Mercantile Bank (MBWM) Misses Q4 EPS by 12c

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2021 Results

January 18, 2022 6:01 AM EST

GRAND RAPIDS, Mich., Jan. 18, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.6 million, or $0.74 per diluted share, for the fourth quarter of 2021, compared with net income of $14.1 million, or $0.87 per diluted share, for the respective prior-year period.  For the full year 2021, Mercantile reported net income of $59.0 million, or $3.69 per diluted share, compared with net income of $44.1 million, or $2.71 per diluted share, for the full year 2020.

Costs and a charitable contribution related to the formation and initial funding of The Mercantile Bank Foundation decreased net income during the... More