Mercantile Bank Corporation reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was USD 47.07 million compared to USD 47.55 million a year ago. Net income was USD 18.79 million compared to USD 20.36 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 1.27 a year ago.
For the six months, net interest income was USD 94.43 million compared to USD 95.94 million a year ago. Net income was USD 40.35 million compared to USD 41.33 million a year ago. Basic earnings per share from continuing operations was USD 2.5 compared to USD 2.58 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 2.58 a year ago.