Mercantile Bank Q3 Profit Rises - Quick Facts

(RTTNews) - Mercantile Bank (MBWM.OB, MBWM) posted third-quarter net income of $5.9 million, compared to $3.5 million in the year-ago period. Earnings for the latest quarter were $0.35 per share, down from $0.40 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the latest third quarter increased to $25.99 million from $11.99 million in the prior year period, while total non-interest income was $2.9 million, compared to $1.7 million last year.