Mercantile Bank Corporation Announces Strong First Quarter Results
Mercantile Bank Corporation (MBWM)
Last mercantile bank corporation earnings: 4/21 06:01 am
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Source: PR Newswire
Substantial increase in net interest income and sustained strength in asset quality metrics highlight quarterGRAND RAPIDS, Mich., April 18, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.0 million, or $1.31 per diluted share, for the first quarter of 2023, compared with net income of $11.5 million, or $0.73 per diluted share, for the respective prior-year period."We are very pleased with our first quarter operating results," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Our strong performance resulted from a significant increase in net interest income due to a higher net interest margin and loan growth. Asset quality metrics remained pristine during the first three months of 2023, and we believe our strong capital position will enable us to effectively absorb potential impacts of weakened economic conditions resulting from the Federal Open Market Committee's actions to curb elevated infl
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News
- Mercantile Bank Corporation (NASDAQ:MBWM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank Corporation Announces Robust First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank Corporation Announces Robust First Quarter ResultsPR Newswire
- Mercantile Bank Corporation Declares Regular Cash DividendPR Newswire
MBWM
Earnings
- 4/16/24 - Beat
MBWM
Sec Filings
- 4/16/24 - Form 8-K
- 4/8/24 - Form ARS
- 4/4/24 - Form DEF
- MBWM's page on the SEC website