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Mar 31, 2020
Mercantile Bank Q1 2020 Earnings Report
Reported strong earnings driven by core profitability and commercial loan growth.
Key Takeaways
Mercantile Bank Corporation reported a net income of $10.7 million, or $0.65 per diluted share, for the first quarter of 2020. Total revenue was $36.9 million, with net interest income at $30.3 million and noninterest income at $6.6 million.
Robust earnings and capital position.
Solid growth in key fee income categories.
Controlled overhead costs.
Strong asset quality.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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