Ultime notizie per Mercantile Bank (NASDAQ:MBWM) Azioni

Mercantile Bank

Mercantile Bank Corp operates as a bank holding company. It provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

Mercantile Bank Corporation - Common Stock

Mercantile Bank Corp

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Mercantile Bank will report an earnings per share (EPS) of $1.17.
Anticipation surrounds Mercantile Bank's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Earnings Track Record</h3>
In the previous earnings release, the company beat EPS by $0.02, leading to a 0.16% increase in the share price the following trading session.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.15</td>
<td>1.14</td>
<td>1.24</td>
<td>1.16</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.17</td>
<td>1.34</td>
<td>1.25</td>
<td>1.30</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728918053_0.png" alt="eps graph" />
<h3>Tracking Mercantile Bank's Stock Performance</h3>
Shares of Mercantile Bank were trading at $43.91 as of October 11. Over the last 52-week period, shares are up 31.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

MBWM

A Look Ahead: Mercantile Bank's Earnings Forecast

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and raises the price target from $47 to $51.

News

Price Target

Reiteration

Analyst Ratings

Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Raises Price Target to $51

Piper Sandler analyst Brandan Nosal maintains Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Neutral and raises the price target from $42 to $53.

Piper Sandler Maintains Neutral on Mercantile Bank, Raises Price Target to $53

U.S. regional banks are experiencing sessions of significant gains, as growing expectations for interest rate cuts fueled an investor rotation from large-cap<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39797464/small-caps-are-having-a-moment-russell-2000-notches-best-5-day-rally-in-over-4-year"> to small-cap stocks.</a>
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) — a widely followed gauge for the industry — rallied as much as 4.5% on Tuesday, marking the strongest session since December 2023.
Notably, the recent five-day rally of nearly 15% was the strongest for regional banks since November 2020.
With Tuesday&#8217;s move, regional banks have effectively recouped all losses suffered after March 9, 2023, characterized by the failure of Silicon Valley Bank and Signature Bank.
&#8220;Lending conditions for commercial and industrial loans have eased substantially since last year's regional bank crisis. The net percentage of lenders reporting tightening lending standards has declined from the peak of 50% at the end of 2023 to 20% today for both small and large firms,&#8221; Goldman Sachs wrote in a recent note on regional banks.
<h1 class="wp-block-heading">Chart: Regional Banks Rebound To Pre-Silicon Valley Bank Collapse Levels</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1024x524.png" alt="" class="wp-image-439490" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25-1536x786.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/16160726/image-25.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image: <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071624&amp;t=be2bearmibe3na1">Benzinga pro</a>
<h1 class="wp-block-heading">Tuesday&#8217;s Top Performers Within Regional Banks</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td> 1-Day %</td>
</tr>
<tr>
<td>ServisFirst Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>)</td>
<td>12.53%</td>
</tr>
<tr>
<td>Mercantile Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NYSE">MBWM</a>)</td>
<td>12.06%</td>
</tr>
<tr>
<td>First Foundation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>)</td>
<td>10.35%</td>
</tr>
<tr>
<td>Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>)</td>
<td>10.00%</td>
</tr>
<tr>
<td>CrossFirst Bankshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>)</td>
<td>9.66%</td>
</tr>
<tr>
<td>FB Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>)</td>
<td>8.04%</td>
</tr>
<tr>
<td>Peapack-Gladstone Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGC#NASDAQ">PGC</a>)</td>
<td>7.88%</td>
</tr>
</tbody>
</table>
</figure>
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Photo: Shutterstock

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Regional Bank Gains Hit Levels Unseen Since Silicon Valley Bank's Failure As Investor Sentiment Shifts To Small-Cap Names

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Shares of banking stocks are trading higher amid sympathy with Bank of America after the company reported better-than-expected Q2 financial results.

Mercantile recorded provisions for credit losses of&nbsp;$3.5 million&nbsp;and&nbsp;$2.0 million&nbsp;during the second quarters of 2024 and 2023, respectively.

Mercantile Bank Q2 Provisions For Credit Losses $3.5M Vs. $2.0M YoY

Earnings Beats

Mercantile Bank Q2 2024 GAAP EPS $1.17 Beats $1.16 Estimate, Sales $56.800M Beat $56.105M Estimate

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on&nbsp;July 11, 2024, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.36&nbsp;per common share, payable on&nbsp;September 18, 2024, to holders of record as of&nbsp;September 6, 2024.&nbsp; The&nbsp;$0.36&nbsp;cash dividend represents increases of nearly&nbsp;3 percent&nbsp;and&nbsp;6 percent&nbsp;from the cash dividends paid during the&nbsp;second quarter&nbsp;of 2024 and&nbsp;third quarter&nbsp;of 2023, respectively.

Dividends

Mercantile Bank Corporation Increases Q3 Regular Cash Dividend To $0.36/Share, Up By 3% QoQ And 6% YoY

Management

Robert B. Kaminski, Jr. Has Retired As President And CEO Of Mercantile And As CEO Of Mercantile's Wholly Owned Subsidiary; Raymond E. Reitsma Has Resigned As EVP And COO Of Mercantile And Has Been Appointed As President And CEO Of Mercantile And CEO Of The Bank

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and maintains $47 price target.

Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Maintains $47 Price Target

<h3>Companies Reporting Before The Bell</h3>
&bull; Traws Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) is expected to report earnings for its fourth quarter.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $5.34 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $25.45 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.03 per share on revenue of $5.19 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $4.38 billion.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $21.41 billion.
&bull; UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $99.47 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $14.43 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $1.75 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $390.36 million.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.14 per share on revenue of $55.38 million.
<h3>Companies Reporting After The Bell</h3>
&bull; CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.80 million.
&bull; Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) is expected to report quarterly loss at $0.18 per share on revenue of $2.64 million.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $11.47 million.
&bull; GameSquare Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) is expected to report quarterly loss at $0.23 per share on revenue of $16.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is projected to report quarterly earnings at $0.85 per share on revenue of $52.81 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $3.62 billion.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.59 per share on revenue of $3.16 billion.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $357.17 million.
&bull; America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $11.98 billion.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly loss at $0.56 per share on revenue of $12.43 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $208.99 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $1.18 billion.
&bull; Ontrak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CBSH

CXAI

EQBK

ERIC

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GAME

IBKR

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NTRS

OTRK

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TRAW

XELB

Earnings Scheduled For April 16, 2024

Mercantile Bank Q1 Provisions For Credit Losses $1.3M Vs. $0.6M YoY

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.14 by 17.54 percent. This is a 2.29 percent increase over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $58.20 million which beat the analyst consensus estimate of $55.38 million by 5.09 percent. This is a 5.18 percent increase over sales of $55.34 million the same period last year.

Mercantile Bank Q1 EPS $1.34 Beats $1.14 Estimate, Sales $58.20M Beat $55.38M Estimate

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.35&nbsp;per common share, payable on March 13, 2024, to holders of record as of March 1, 2024.&nbsp;&nbsp; The&nbsp;$0.35&nbsp;cash dividend is approximately&nbsp;3 percent&nbsp;and&nbsp;6 percent&nbsp;higher than the cash dividends paid during the&nbsp;fourth quarter&nbsp;and&nbsp;first quarter&nbsp;of 2023, respectively. 
&nbsp;

Mercantile Bank Corp Boosts Q1 FY24 Cash Dividend by 3% QoQ and 6% YoY to $0.35/Share

Mercantile Bank Q4 EPS $1.25 Beats $1.24 Estimate, Revenue $57.00M Beat $56.11M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-16. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.24. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 2.0% drop in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.10</td>
<td>1.16</td>
<td>1.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.30</td>
<td>1.27</td>
<td>1.31</td>
<td>1.37</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>3.12%</td>
<td>0.28%</td>
<td>-9.18%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1705327280_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Mercantile Bank's Earnings

<h3>Companies Reporting Before The Bell</h3>
&bull; Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is projected to report quarterly earnings at $5.31 per share on revenue of $11.14 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $6.66 per share on revenue of $16.73 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.81 per share on revenue of $25.14 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $4.33 billion.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $6.27 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $38.45 million.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is estimated to report quarterly earnings at $2.51 per share on revenue of $21.04 billion.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $18.28 billion.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is expected to report earnings for its third quarter.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.16 per share on revenue of $53.31 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.71 per share on revenue of $421.82 million.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is expected to report quarterly earnings at $2.41 per share on revenue of $570.38 million.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is likely to report quarterly earnings at $1.85 per share on revenue of $3.20 billion.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $3.56 billion.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.56 per share on revenue of $72.47 million.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $357.99 million.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.39 per share on revenue of $14.44 billion.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is estimated to report quarterly earnings at $1.51 per share on revenue of $1.11 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $209.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is expected to report quarterly earnings at $0.73 per share on revenue of $48.15 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CATC

PFBC

PNFP

WTFC

Earnings Scheduled For October 17, 2023

Kaminski will remain on the Board of Directors.&nbsp;In conjunction with Kaminski&#39;s retirement, Raymond E. Reitsma will be appointed President and CEO of Mercantile effective June 1, 2024.Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024.

Mercantile Bank Reports Retirement Of President And CEO Robert Kaminski, Effective June 1, 2024; Raymond E. Reitsma To Be Appointed Successor

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.16 by 12.07 percent. This is a 28.71 percent increase over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $58.20 million which beat the analyst consensus estimate of $53.31 million by 9.17 percent. This is a 17.27 percent increase over sales of $49.63 million the same period last year.

Mercantile Bank Q3 EPS $1.30 Beats $1.16 Estimate, Sales $58.20M Beat $53.31M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-17. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.16. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 3.12% increase in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.10</td>
<td>1.16</td>
<td>1.20</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.27</td>
<td>1.31</td>
<td>1.37</td>
<td></td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.12%</td>
<td>0.28%</td>
<td>-9.18%</td>
<td>4.23%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Mercantile Bank were trading at $30.56 as of October 13. Over the last 52-week period, shares are down 1.48%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Mercantile Bank's Earnings Outlook

An update from Mercantile Bank (MBWM) is now available. The Company is gearing up to present its Second Quarter 2024 results and insights during an...

Mercantile Bank Q2 2024 Results and Strategic Insights Webcast

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Mercantile Bank (NASDAQ:<a href="https://investorplace.com/stock-quotes/mbwm-stock-quote/">MBWM</a>) just reported results for the second quarter of 2024.<ul><li>Mercantile Bank reported earnings per share of $1.17. This was above the analyst estimate for EPS of $1.15.</li><li>The company reported revenue of $56.75 million.</li><li>This was 1.16% better than the analyst estimate for revenue of $56.10 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/07/mbwm-stock-earnings-mercantile-bank-for-q2-of-2024/">MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q2 2024

Mercantile Bank Corporation (MBWM) Q2 2024 Earnings Call Transcript

KBW analyst Damon Delmonte maintained a Buy rating on Mercantile Bank (MBWM – Research Report) yesterday and set a price target of $51.00. The comp...

KBW Reaffirms Their Buy Rating on Mercantile Bank (MBWM)

Piper Sandler analyst Nathan Race maintained a Hold rating on Mercantile Bank (MBWM – Research Report) today and set a price target of $53.00. The ...

Mercantile Bank (MBWM) Receives a Hold from Piper Sandler

Mercantile Bank: Q2 2024 Earnings Spike The Price

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Press Releases

Mercantile Bank Corporation Increases Regular Cash Dividend

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results

Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast

Mercantile Bank Corporation Declares Regular Cash Dividend

Mercantile Bank Corporation Announces Robust First Quarter Results

Mercantile Bank Corporation Implements Management Succession Plan

Mercantile Bank Corporation Announces Second Quarter 2024 Results Conference Call and Webcast

Mercantile Bank Corporation Announces Solid Second Quarter Results

Mercantile Bank Corporation Announces Third Quarter 2024 Results Conference Call and Webcast

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