Mercantile Bank Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was BDT 972.77 million compared to BDT 1,343.53 million a year ago. Net income was BDT 678.4 million compared to BDT 886.33 million a year ago.

Basic earnings per share from continuing operations was BDT 0.6176 compared to BDT 0.8039 a year ago.