Recap: Mercantile Bank Q4 Earnings

Mercantile Bank MBWM reported its Q4 earnings results on Tuesday, January 18, 2022 at 05:01 AM.

Here's what investors need to know about the announcement.

Mercantile Bank missed estimated earnings by 13.95%, reporting an EPS of $0.74 versus an estimate of $0.86, which surprised analysts.

Revenue was up $1.02 million from the same period last year.

Last quarter the company beat on EPS by $0.1, which was followed by a 2.95% increase in the share price the next day.

Here's a look at Mercantile Bank's past performance:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020
EPS Estimate	0.85	0.74	0.71	0.55
EPS Actual	0.95	1.12	0.87	0.87
Revenue Estimate	41.47M	41.29M	42.10M	40.34M
Revenue Actual	46.69M	45.43M	43.00M	46.18M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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