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
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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
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News
- Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and WebcastPR Newswire
- Mercantile Bank (MBWM) Soars 5.7%: Is Further Upside Left in the Stock? [Yahoo! Finance]Yahoo! Finance
- Mercantile Bank Co. (NASDAQ: MBWM) was downgraded by analysts at Hovde Group from an "outperform" rating to a "market perform" rating.MarketBeat
- With 60% ownership, Mercantile Bank Corporation (NASDAQ:MBWM) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
MBWM
Earnings
- 1/16/24 - Beat
MBWM
Sec Filings
- 3/13/24 - Form 4
- 3/12/24 - Form 4
- 3/12/24 - Form 3
- MBWM's page on the SEC website