|Over a week ago|
Mercantile Bank reports Q1 EPS 87c, consensus 71c » 06:0904/2004/20/21
Reports Q1 revenue $43M,…
Reports Q1 revenue $43M, consensus $42.1M. Reports Q1 CET1 capital ratio 11.11%. Reports Q1 tangible book value per share $24.02. "We are very pleased to begin 2021 with a quarter of robust financial performance," said Robert Kaminski, president and CEO of Mercantile. "Our strong financial results include ongoing strength in mortgage banking income, sound asset quality, solid growth in core commercial loans, and managed overhead costs. The extraordinary efforts of the Mercantile team have allowed us to successfully and consistently meet our customers' banking needs during this continuing period of uncertainty stemming from the COVID-19 pandemic."
|Over a quarter ago|
Fly Intel: Pre-market Movers » 09:1701/1901/19/21
COHR, TRXC, ACRS, NIO, TSLA, GS, HAL, MBWM, BAC, LITE, ODP, NOV, PRPH
Check out this morning's…
Mercantile Bank increases quarterly cash dividend 4% to 29c per share » 06:1201/1901/19/21
Mercantile Bank announced…
Mercantile Bank announced that its board declared a regular quarterly cash dividend of 29c per common share, payable on March 17 to holders of record as of March 5. The 29c cash dividend represents an increase of approximately 4% from the 28c regular cash dividend paid during Q4 of 2020.
Mercantile Bank reports Q4 EPS 87c, consensus 55c » 06:1001/1901/19/21
Reports Q4 revenue…
Reports Q4 revenue $46.3M, consensus $40.34M. Reports Q4 book value per share $27.04. Reports Q4 CET1 capital ratio 12.68%. "We are very pleased to report another year of strong financial performance, especially when considering the unprecedented operating environment posed by the ongoing COVID-19 pandemic," said Robert Kaminski, president and CEO of Mercantile. "The strategic initiatives we implemented to address the challenges stemming from the pandemic have proven to be effective, and we continue to monitor economic conditions to ensure potential future risks are appropriately managed. The remarkable efforts of the entire Mercantile team enabled us to continue to effectively assist and support our clients with their banking needs during this period of uncertainty."
Mercantile Bank reports Q3 EPS 66c, consensus 42c » 05:0910/2010/20/20
Reports Q3 revenue…
Reports Q3 revenue $42.8M, consensus $39.41M. Reports Q3 tangible book value per share $23.37. Reports Q3 CET1 capital ratio 12.74%. "In light of the challenging operating environment created by the ongoing COVID-19 pandemic, we are pleased with our overall financial performance during the third quarter of 2020," said Robert Kaminski, president and CEO of Mercantile. "We have implemented strategic initiatives to address the identifiable impacts of the pandemic, and we will continue to focus on appropriately planning for potential future risks posed by it."
Mercantile Bank reports Q2 EPS 54c, consensus 32c » 05:5907/2107/21/20
Reports Q2 book value per…
Reports Q2 book value per share $26.20. Reports Q2 CET1 capital ratio 11.34%. "We are pleased with our financial performance during the second quarter of 2020, especially when taking into consideration the unique and persistent challenges presented by the COVID-19 pandemic," said Robert Kaminski, Jr., President and CEO of Mercantile. "The tremendous efforts of the Mercantile team allowed us to successfully navigate through these challenges, including meeting customers' banking needs while working remotely. We also increased our loan loss reserve during the quarter to reflect the potential deterioration in our loan portfolio stemming from the pandemic and associated weakened economic conditions."