Mercantile Bank (MBWM) Q2 Earnings and Revenues Surpass Estimates

Mercantile Bank (MBWM) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +13.01%. A quarter ago, it was expected that this holding company for Mercantile Bank of Michigan would post earnings of $1.19 per share when it actually produced earnings of $1.21, delivering a surprise of +1.68%. ...