Mercantile Bank: Q2 Earnings Snapshot

July 19, 2022 GMT

GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported second-quarter profit of $11.7 million.

The Grand Rapids, Michigan-based bank said it had earnings of 74 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 74 cents per share.

The holding company for Mercantile Bank of Michigan posted revenue of $47.3 million in the period. Its revenue net of interest expense was $42.1 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $42.4 million.


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