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Mercantile Bank Corporation Announces Strong Fourth Quarter and Full Year 2020 Results Substantial increase in mortgage banking income and sustained strength in asset quality metrics highlight 2020 News provided by Share this article GRAND RAPIDS, Mich., Jan. 19, 2021 /PRNewswire/ Mercantile Bank Corporation (NASDAQ: MBWM) ( Mercantile ) reported net income of $14.1 million, or $0.87 per diluted share, for the fourth quarter of 2020, compared with net income of $13.3 million, or $0.81 per diluted share, for the respective prior-year period. For the full year 2020, Mercantile reported net income of $44.1 million, or $2.71 per diluted share, compared with net income of $49.5 million, or $3.01 per diluted share, for the full year 2019. ....