Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say

Mercantile Bank (MBWM) reported $58.23 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 5.2%. EPS of $1.34 for the same period compares to $1.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $55.2 million, representing a surprise of +5.49%. The company delivered an EPS surprise of +17.54%, with the consensus EPS estimate being $1.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...