Mercantile Bank (MBWM) Tops Q1 Earnings Estimates

Group 1 - Mercantile Bank reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of$ 1.19 per share, but down from $1.34 per share a year ago, representing an earnings surprise of 1.68% [1][2] - The company posted revenues of$ 57.25 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.78%, compared to $58.23 million in the same quarter last year [2] - Over the last four quarters, Mercantile Bank has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2 - The stock has lost approximately 9.5% since the beginning of the year, while the S&P 500 has declined by 12.3% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.20 on revenues of $59.3 million, and for the current fiscal year, it is$ 4.83 on revenues of $237.67 million [7] - The Zacks Industry Rank for Banks - Midwest is in the top 13% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]