Mercantile Bank MBWM reported its Q3 earnings results on Tuesday, October 18, 2022 at 05:01 AM.
Here's what investors need to know about the announcement.
Earnings
Mercantile Bank beat estimated earnings by 3.06%, reporting an EPS of $1.01 versus an estimate of $0.98.
Revenue was up $2.94 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.02 which was followed by a 0.51% increase in the share price the next day.
Here's a look at Mercantile Bank's past performance:
Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
---|---|---|---|---|
EPS Estimate | 0.76 | 0.72 | 0.86 | 0.85 |
EPS Actual | 0.74 | 0.73 | 0.94 | 0.95 |
Revenue Estimate | 42.73M | 42.87M | 45.20M | 41.47M |
Revenue Actual | 42.07M | 40.16M | 45.17M | 46.69M |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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