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Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2022 Results

Mercantile Bank Corporation (MBWM) 
Last mercantile bank corporation earnings: 4/21 06:01 am Check Earnings Report
US:NASDAQ Investor Relations: mercbank.com/about
Company Research Source: PR Newswire
Substantial increase in net interest income, solid loan growth, and continuing strength in asset quality metrics highlight 2022GRAND RAPIDS, Mich., Jan. 17, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.8 million, or $1.37 per diluted share, for the fourth quarter of 2022, compared with net income of $11.6 million, or $0.74 per diluted share, for the respective prior-year period.  For the full-year 2022, Mercantile reported net income of $61.1 million, or $3.85 per diluted share, compared with net income of $59.0 million, or $3.69 per diluted share, for the full-year 2021."The momentum generated during the first nine months of 2022 was sustained in the fourth quarter, resulting in another year of outstanding operating results," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile.  "Our robust financial results during 2022 reflect a significantly higher level of net interest income, strong growth Show less Read more
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