Mercantile Bank (MBWM) Misses Q2 EPS by 2c

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Go back to Mercantile Bank (MBWM) Misses Q2 EPS by 2c

Mercantile Bank Corporation Announces Strong Second Quarter 2022 Results

July 19, 2022 6:01 AM EDT

Robust loan growth, continuing strength in asset quality metrics, and significant increases in several key fee income categories highlight quarter

GRAND RAPIDS, Mich., July 19, 2022 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $11.7 million, or $0.74 per diluted share, for the second quarter of 2022, compared with net income of $18.1 million, or $1.12 per diluted share, for the respective prior-year period.  Net income during the first six months of 2022 totaled $23.2 million, or $1.47 per diluted share,... More