Mercantile Bank Corporation Announces Robust First Quarter Results

Strong local deposit growth, sustained strength in asset quality metrics and noteworthy increases in several noninterest revenue streams highlight quarter GRAND RAPIDS, Mich., April 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $21.6 million, or$1.34 per diluted share, for the first quarter of 2024, compared with net income of $21.0 million, or$1.31 per diluted share, for the first quarter of 2023. "We are delighted to report another quarter of e ...