Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results
GRAND RAPIDS, Mich., Jan. 16, 2024 (GLOBE NEWSWIRE) — Mercantile Bank Corporation (NASDAQ:MBWM) (“Mercantile”) reported net income of $20.0 million, or $1.25 per diluted share, for the fourth quarter of 2023, compared with net income of $21.8 million, or $1.37 per diluted share, for the respective prior-year period. For the full-year 2023, Mercantile reported net income of $82.2 million, or $5.13 per diluted share, compared with net income of $61.1 million, or $3.85 per diluted share, for the full-year 2022.
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