Mercantile Bank: Q1 Earnings Snapshot
By AP News
Published - Apr 16, 2024, 05:12 AM ET
Last Updated - Apr 16, 2024, 05:12 AM EDT
GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Mercantile Bank Corp. (MBWM) on Tuesday reported net income of $21.6 million in its first quarter.
The Grand Rapids, Michigan-based bank said it had earnings of $1.34 per share.
The holding company for Mercantile Bank of Michigan posted revenue of $87.6 million in the period. Its revenue net of interest expense was $58.2 million, which beat Street forecasts.
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