Mercantile Bank Corporation (MBWM)
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Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript
Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2024 Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Nichole Kladder - First VP & Chief Marketing Officer Raymond Reitsma - President, CEO & Director Charles Christmas - CFO, EVP, Treasurer of Mercantile, EVP & CFO Conference Call Participants Brendan Nosal - Hovde Group Daniel Tomayo - Raymond James Financial Nathan Race - Piper Sandler Companies Damon DelMonte - KBW Operator Good morning and welcome to the Mercantile Bank Corporation 2024 Second Quarter Earnings Conference Call. [Operator Instructions].
Mercantile Bank (MBWM) Meets Q2 Earnings Estimates
Mercantile Bank (MBWM) came out with quarterly earnings of $1.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.27 per share a year ago.
Mercantile Bank Corporation Announces Solid Second Quarter Results
Strong local deposit and commercial loan growth and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $18.8 million, or $1.17 per diluted share, for the second quarter of 2024, compared with net income of $20.4 million, or $1.27 per diluted share, for the second quarter of 2023.
Mercantile Bank Corporation Increases Regular Cash Dividend
Board declares $0.36 regular quarterly cash dividend on common stock, providing for a current annual yield of approximately 3.4 percent GRAND RAPIDS, Mich. , July 16, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of $0.36 per common share, payable on September 18, 2024, to holders of record as of September 6, 2024.
What Analyst Projections for Key Metrics Reveal About Mercantile Bank (MBWM) Q2 Earnings
Besides Wall Street's top -and-bottom-line estimates for Mercantile Bank (MBWM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Earnings Preview: Mercantile Bank (MBWM) Q2 Earnings Expected to Decline
Mercantile Bank (MBWM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast
GRAND RAPIDS, Mich. , June 27, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
Mercantile Bank Corporation Implements Management Succession Plan
GRAND RAPIDS, Mich. , June 3, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) implemented the following resignations and appointments, in furtherance of its previously announced management succession plan, effective as of June 1, 2024: Robert B.
