Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial banking services for businesses and individuals in central and western Michigan. The company was founded in 1997 and is based in Grand Rapids, Michigan.
Good morning everyone, and thank you for joining Mercantile Bank Corporation's conference call and webcast to discuss the Company's financial results, for the second quarter 2020. The Company's actual results could differ materially from any forward-looking statements made today, due to the factors described in the Company's latest Securities and Exchange Commission filings.
Mercantile Bank (MBWM) declares $0.28/share quarterly dividend, in line with previous.Forward yield 5.27%Payable Sept. 16; for shareholders of record Sept. 4; ex-div Sept. 3.See MBWM Dividend Scorecard, Yield Chart, & Dividend Growth....
Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $8.7 million, or $0.54 per diluted share, for the second quarter of 2020, compared with net income of $11.7 million, or $0.71 per diluted share, for the respective prior-year period. Net income during the first six months of 2020 totaled $19.4 million, or $1.19 per diluted share, compared to $23.5 million, or $1.43 per diluted share, during the first six months of 2019.