Mercantile Bank (NASDAQ: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.
Earnings
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.
Past Earnings Performance
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.
