Mercantile Bank: Q1 Earnings Insights

Mercantile Bank MBWM reported its Q1 earnings results on Tuesday, April 19, 2022 at 05:01 AM.

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

Mercantile Bank beat estimated earnings by 1.39%, reporting an EPS of $0.73 versus an estimate of $0.72.

Revenue was down $2.83 million from the same period last year.

Last quarter the company beat on EPS by $0.08 which was followed by a 0.83% increase in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.86	0.85	0.74	0.71
EPS Actual	0.94	0.95	1.12	0.87
Revenue Estimate	45.20M	41.47M	41.29M	42.10M
Revenue Actual	45.17M	46.69M	45.43M	43.00M

To track all earnings releases for Mercantile Bank visit their earnings calendar here..

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

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