05:41 AM EDT, 07/22/2025 (MT Newswires) -- Mercantile Bank ( MBWM ) reported Q2 earnings Tuesday of $1.39 per diluted share, up from $1.17 a year earlier.

Analysts polled by FactSet expected $1.24 per share.

Net revenue for the quarter ended June 30, consisting of net interest income and noninterest income, was $60.9 million, compared with $56.7 million a year earlier.

Analysts surveyed by FactSet expected $60 million.

Mercantile Bank ( MBWM ) raised its quarterly dividend to $0.38 per share, payable Sept. 17 to holders of record as of Sept. 5.