Mercantile Bank (MBWM) Meets Q2 Earnings Estimates

Over the last four quarters, the company has surpassed consensus EPS estimates three times. Mercantile Bank shares have added about 9.3% since the beginning of the year versus the S&P 500's gain of 18.1%. Mercantile Bank, which belongs to the Zacks Banks - Midwest industry, posted revenues of $56.75 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.93%. This compares to year-ago revenues of $55.2 million. The company has topped consensus revenue estimates four times over ...