Mercantile Bank (MBWM) Tops Q1 EPS by 1c

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Go back to Mercantile Bank (MBWM) Tops Q1 EPS by 1c

Mercantile Bank Corporation Announces Solid First Quarter 2022 Results

April 19, 2022 5:01 AM EDT

Strong core commercial loan growth, ongoing strength in asset quality metrics, and substantial increases in several key fee income categories highlight quarter

GRAND RAPIDS, Mich., April 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.5 million, or $0.73 per diluted share, for the first quarter of 2022, compared with net income of $14.2 million, or $0.87 per diluted share, for the respective prior-year period.

"We are pleased with our financial results during the first three months of 2022," said Robert... More