Recap: Mercantile Bank Q2 Earnings

 

Mercantile Bank MBWM reported its Q2 earnings results on Tuesday, July 19, 2022 at 05:01 AM.

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

Earnings

Mercantile Bank missed estimated earnings by 2.63%, reporting an EPS of $0.74 versus an estimate of $0.76.

Revenue was down $3.36 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 0.11% increase in the share price the next day.

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

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.72 0.86 0.85 0.74
EPS Actual 0.73 0.94 0.95 1.12
Revenue Estimate 42.87M 45.20M 41.47M 41.29M
Revenue Actual 40.16M 45.17M 46.69M 45.43M

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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Posted In: EarningsNewsBZI-Recaps
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