Mercantile Bank (US:MBWM) ZACKSยท2025-01-21 13:07Company Performance - Mercantile Bank reported quarterly earnings of $1.22 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, but down from $1.25 per share a year ago, representing an earnings surprise of 6.09% [1] - The company posted revenues of $58.53 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.86% and up from $56.95 million year-over-year [2] - Over the last four quarters, Mercantile Bank has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Outlook - The stock has underperformed the market, losing about 0.6% since the beginning of the year compared to the S&P 500's gain of 2% [3] - The current consensus EPS estimate for the coming quarter is $1.08 on revenues of $56.7 million, and for the current fiscal year, it is $4.50 on revenues of $233.5 million [7] - The estimate revisions trend for Mercantile Bank is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Banks - Midwest industry, to which Mercantile Bank belongs, is currently in the top 14% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]