Mercantile Bank (MBWM) Beats Q3 Earnings and Revenue Estimates

Mercantile Bank (MBWM) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.39%. A quarter ago, it was expected that this holding company for Mercantile Bank of Michigan would post earnings of $1.17 per share when it actually produced earnings of $1.17, delivering no surprise. Over the ...