GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported fourth-quarter net income of $14.1 million.

The bank, based in Grand Rapids, Michigan, said it had earnings of 87 cents per share. Earnings, adjusted for non-recurring costs, were 93 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The holding company for Mercantile Bank of Michigan posted revenue of $52 million in the period. Its revenue net of interest expense was $46.2 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $40.5 million.

For the year, the company reported profit of $44.1 million, or $2.71 per share. Revenue was reported as $167.4 million.

Mercantile Bank shares have climbed 6% since the beginning of the year. The stock has fallen 19% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBWM at https://www.zacks.com/ap/MBWM

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