Mercantile Bank: Q4 Earnings Snapshot
By AP News
Published - Jan 16, 2024, 05:21 AM ET
Last Updated - Jan 16, 2024, 05:21 AM EST
GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Mercantile Bank Corp. (MBWM) on Tuesday reported net income of $20 million in its fourth quarter.
The bank, based in Grand Rapids, Michigan, said it had earnings of $1.25 per share.
The holding company for Mercantile Bank of Michigan posted revenue of $82.1 million in the period. Its revenue net of interest expense was $56.9 million, which beat Street forecasts.
For the year, the company reported profit of $82.2 million, or $5.13 per share. Revenue was reported as $225.7 million.
