|Over a month ago|
Mercantile Bank reports Q4 EPS 81c, consensus 65c » 05:5501/2101/21/20
Reports Q4 book value per…
Reports Q4 book value per share $25.36. Reports Q4 Tier 1 capital ratio 12.36%. "We are very pleased to report another year of strong operating performance," said Robert Kaminski, Jr., President and CEO of Mercantile. "Our robust financial results during 2019 reflect continued growth in the loan portfolio, increases in certain noninterest income revenue streams, controlled overhead costs, and sound asset quality. Based on our strong capital position and healthy commercial loan and residential mortgage loan pipelines and prospects, we believe that the solid financial performance achieved during 2019 will continue in future periods."
Mercantile Bank raises regular cash dividend to 28c per share from 27c per share » 05:5301/2101/21/20
Mercantile Bank announced…
Mercantile Bank announced that on January 16, its board declared a regular quarterly cash dividend of 28c per common share, payable on March 18, to holders of record as of March 6. The 28c cash dividend represents an increase of approximately 4% from the 27c regular cash dividend paid during Q4 of 2019.
|Over a quarter ago|
Mercantile Bank reports Q3 EPS 77c, consensus 63c » 06:0710/1510/15/19
Reports Q3 revenue…
Reports Q3 revenue $38.3M, consensus $36.45M. Reports Q3 book value per share $24.93. Reports Q3 Tier 1 capital ratio 11.88%. Reports Q3 net charge-offs 0.05%. "We are very pleased to once again report a quarter of robust operating performance, representing a continuation of the financial trends demonstrated during the first six months of the year," said Robert Kaminski, Jr., President and CEO of Mercantile. "Our sustained strength in core profitability, solid capital position, and healthy commercial loan and residential mortgage loan pipelines give us confidence that the sound financial performance exhibited during the first three quarters of the year will continue in the fourth quarter and beyond."
Mercantile Bank reports Q2 EPS 71c, consensus 60c » 05:4807/1607/16/19
Reports Q2 revenue…
Reports Q2 revenue $37.5M, consensus $35.28M. Reports Q2 book value per share $24.34. Reports Q2 Tier 1 capital ratio 11.82%. We are very pleased to conclude the first half of 2019 with another quarter of solid operating results," said Robert Kaminski, Jr., President and CEO of Mercantile. "Our sound financial condition, sustained strength in commercial and residential mortgage loan originations, and expected new loan fundings elicit confidence that the strong results achieved during the first six months of the year will continue throughout the last half of the year."
Mercantile Bank approves $20M repurchase program » 08:1305/0705/07/19
Mercantile Bank announced…
Mercantile Bank announced that its Board of Directors has authorized a new stock repurchase program. Under this program, Mercantile may repurchase up to $20M in aggregate value of its shares of common stock.
Mercantile Bank reports Q1 EPS 72c, consensus 59c » 06:0804/1604/16/19
Reports Q1 revenue…
Reports Q1 revenue $37.3M, consensus $34.77M. Reports Q1 tier 1 capital ratio 11.16%. Reports Q1 book value per share $23.37. Reports Q1 net charge-offs .01%. "We are very pleased to start 2019 with a quarter that depicts continued strength in core profitability and loan originations," said Robert Kaminski, president and CEO of Mercantile. "Our robust financial results reflect a strong net interest margin, increased fee income, and controlled overhead costs. Based on our healthy loan pipelines and sound financial condition, we are confident that our demonstrated solid operating results will continue in future periods, and we are in a position to take advantage of future growth opportunities."