Mercantile Bank (MBWM) - 2024 Q3 - Quarterly Results

Exhibit 99.1 Mercantile Bank Corporation Announces Strong Third Quarter Results Robust local deposit and commercial loan growth and sustained strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich., October 15, 2024 – Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $19.6 million, or $1.22 per diluted share, for the third quarter of 2024, compared with net income of $20.9 million, or $1.30 per diluted share, for the third quarter of 2023. Net income during the ...