Short interest for Mercantile Bank gives investors a sense of the degree to which investors are betting on the decline of Mercantile Bank's stock. Short interest data is updated every two weeks.

Mercantile Bank Stock (NASDAQ:MBWM), Short Interest Report

Mercantile Bank

Mercantile Bank Corp operates as a bank holding company. It provides a variety of commercial banking services to individuals, businesses, governmental units, and other institutions. It provides banking services offering deposit products including checking, savings, and term certificate accounts, and lending products including commercial, residential mortgage, and installment loans. The company generates revenue from interest and dividends earned on loans, securities, and other financial instruments.

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Mercantile Bank Corporation - Common Stock

Mercantile Bank Corp

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) with a Outperform and maintains $47 price target.

Reiteration

Keefe, Bruyette & Woods Reiterates Outperform on Mercantile Bank, Maintains $47 Price Target

<h3>Companies Reporting Before The Bell</h3>
&bull; Traws Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) is expected to report earnings for its fourth quarter.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $5.34 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $25.45 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.03 per share on revenue of $5.19 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $4.38 billion.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.64 per share on revenue of $21.41 billion.
&bull; UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to report quarterly earnings at $6.73 per share on revenue of $99.47 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $14.43 billion.
&bull; Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) is projected to report quarterly earnings at $1.44 per share on revenue of $1.75 billion.
&bull; Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.80 per share on revenue of $390.36 million.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.14 per share on revenue of $55.38 million.
<h3>Companies Reporting After The Bell</h3>
&bull; CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is likely to report quarterly loss at $0.35 per share on revenue of $1.80 million.
&bull; Xcel Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELB#NASDAQ">XELB</a>) is expected to report quarterly loss at $0.18 per share on revenue of $2.64 million.
&bull; Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $11.47 million.
&bull; GameSquare Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GAME#NASDAQ">GAME</a>) is expected to report quarterly loss at $0.23 per share on revenue of $16.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is projected to report quarterly earnings at $0.85 per share on revenue of $52.81 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is likely to report quarterly earnings at $1.54 per share on revenue of $3.62 billion.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $1.59 per share on revenue of $3.16 billion.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $357.17 million.
&bull; America Movil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMX#NYSE">AMX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $11.98 billion.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is likely to report quarterly loss at $0.56 per share on revenue of $12.43 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is estimated to report quarterly earnings at $0.38 per share on revenue of $208.99 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.60 per share on revenue of $1.18 billion.
&bull; Ontrak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTRK#NASDAQ">OTRK</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 16, 2024

Mercantile Bank Q1 Provisions For Credit Losses $1.3M Vs. $0.6M YoY

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.34 per share which beat the analyst consensus estimate of $1.14 by 17.54 percent. This is a 2.29 percent increase over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $58.20 million which beat the analyst consensus estimate of $55.38 million by 5.09 percent. This is a 5.18 percent increase over sales of $55.34 million the same period last year.

Mercantile Bank Q1 EPS $1.34 Beats $1.14 Estimate, Sales $58.20M Beat $55.38M Estimate

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on January 11, 2024, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.35&nbsp;per common share, payable on March 13, 2024, to holders of record as of March 1, 2024.&nbsp;&nbsp; The&nbsp;$0.35&nbsp;cash dividend is approximately&nbsp;3 percent&nbsp;and&nbsp;6 percent&nbsp;higher than the cash dividends paid during the&nbsp;fourth quarter&nbsp;and&nbsp;first quarter&nbsp;of 2023, respectively. 
&nbsp;

Dividends

Mercantile Bank Corp Boosts Q1 FY24 Cash Dividend by 3% QoQ and 6% YoY to $0.35/Share

Mercantile Bank Q4 EPS $1.25 Beats $1.24 Estimate, Revenue $57.00M Beat $56.11M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-16. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.24. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.14, which was followed by a 2.0% drop in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.10</td>
<td>1.16</td>
<td>1.20</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.30</td>
<td>1.27</td>
<td>1.31</td>
<td>1.37</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>3.12%</td>
<td>0.28%</td>
<td>-9.18%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1705327280_0.png" alt="eps graph" />
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Mercantile Bank's Earnings

<h3>Companies Reporting Before The Bell</h3>
&bull; Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is projected to report quarterly earnings at $5.31 per share on revenue of $11.14 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $6.66 per share on revenue of $16.73 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is expected to report quarterly earnings at $0.81 per share on revenue of $25.14 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $4.33 billion.
&bull; Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $6.27 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $38.45 million.
&bull; Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is estimated to report quarterly earnings at $2.51 per share on revenue of $21.04 billion.
&bull; Albertsons Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $18.28 billion.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is expected to report earnings for its third quarter.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.16 per share on revenue of $53.31 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is likely to report quarterly earnings at $1.71 per share on revenue of $421.82 million.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is expected to report quarterly earnings at $2.41 per share on revenue of $570.38 million.
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is likely to report quarterly earnings at $1.85 per share on revenue of $3.20 billion.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $3.56 billion.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.56 per share on revenue of $72.47 million.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.04 per share on revenue of $357.99 million.
&bull; United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.39 per share on revenue of $14.44 billion.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is estimated to report quarterly earnings at $1.51 per share on revenue of $1.11 billion.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $209.50 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is expected to report quarterly earnings at $0.73 per share on revenue of $48.15 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CATC

PFBC

PNFP

WTFC

Earnings Scheduled For October 17, 2023

Kaminski will remain on the Board of Directors.&nbsp;In conjunction with Kaminski&#39;s retirement, Raymond E. Reitsma will be appointed President and CEO of Mercantile effective June 1, 2024.Reitsma will continue to serve in his current role as Executive Vice President and Chief Operating Officer until June 1, 2024.

Management

Mercantile Bank Reports Retirement Of President And CEO Robert Kaminski, Effective June 1, 2024; Raymond E. Reitsma To Be Appointed Successor

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.16 by 12.07 percent. This is a 28.71 percent increase over earnings of $1.01 per share from the same period last year. The company reported quarterly sales of $58.20 million which beat the analyst consensus estimate of $53.31 million by 9.17 percent. This is a 17.27 percent increase over sales of $49.63 million the same period last year.

Mercantile Bank Q3 EPS $1.30 Beats $1.16 Estimate, Sales $58.20M Beat $53.31M Estimate

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-10-17. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.16. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 3.12% increase in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.10</td>
<td>1.16</td>
<td>1.20</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.27</td>
<td>1.31</td>
<td>1.37</td>
<td></td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.12%</td>
<td>0.28%</td>
<td>-9.18%</td>
<td>4.23%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Mercantile Bank were trading at $30.56 as of October 13. Over the last 52-week period, shares are down 1.48%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Mercantile Bank's Earnings Outlook

By the close of today, September 13, 2023, Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) will issue a dividend payout of $0.34 per share, resulting in an annualized dividend yield of 4.72%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on August 31, 2023.
<h3>Mercantile Bank Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

 tr:hover {
 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
 }

 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th align="right">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-08-31</td>
<td align="right">4</td>
<td>$0.34</td>
<td>4.72%</td>
<td>2023-07-13</td>
<td>2023-09-01</td>
<td>2023-09-13</td>
</tr>
<tr>
<td>2023-06-01</td>
<td align="right">4</td>
<td>$0.33</td>
<td>4.58%</td>
<td>2023-04-13</td>
<td>2023-06-02</td>
<td>2023-06-14</td>
</tr>
<tr>
<td>2023-03-02</td>
<td align="right">4</td>
<td>$0.33</td>
<td>3.87%</td>
<td>2023-01-12</td>
<td>2023-03-03</td>
<td>2023-03-15</td>
</tr>
<tr>
<td>2022-12-01</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.19%</td>
<td>2022-10-13</td>
<td>2022-12-02</td>
<td>2022-12-14</td>
</tr>
<tr>
<td>2022-09-01</td>
<td align="right">4</td>
<td>$0.32</td>
<td>4.08%</td>
<td>2022-07-14</td>
<td>2022-09-02</td>
<td>2022-09-14</td>
</tr>
<tr>
<td>2022-06-02</td>
<td align="right">4</td>
<td>$0.31</td>
<td>3.62%</td>
<td>2022-04-14</td>
<td>2022-06-03</td>
<td>2022-06-15</td>
</tr>
<tr>
<td>2022-03-03</td>
<td align="right">4</td>
<td>$0.31</td>
<td>3.29%</td>
<td>2022-01-18</td>
<td>2022-03-04</td>
<td>2022-03-16</td>
</tr>
<tr>
<td>2021-12-02</td>
<td align="right">4</td>
<td>$0.3</td>
<td>3.56%</td>
<td>2021-10-19</td>
<td>2021-12-03</td>
<td>2021-12-15</td>
</tr>
<tr>
<td>2021-09-02</td>
<td align="right">4</td>
<td>$0.3</td>
<td>4.12%</td>
<td>2021-07-20</td>
<td>2021-09-03</td>
<td>2021-09-15</td>
</tr>
<tr>
<td>2021-06-03</td>
<td align="right">4</td>
<td>$0.29</td>
<td>3.6%</td>
<td>2021-04-15</td>
<td>2021-06-04</td>
<td>2021-06-16</td>
</tr>
<tr>
<td>2021-03-04</td>
<td align="right">4</td>
<td>$0.29</td>
<td>4.06%</td>
<td>2021-01-14</td>
<td>2021-03-05</td>
<td>2021-03-17</td>
</tr>
<tr>
<td>2020-12-03</td>
<td align="right">4</td>
<td>$0.28</td>
<td>5.53%</td>
<td>2020-10-15</td>
<td>2020-12-04</td>
<td>2020-12-16</td>
</tr>
</tbody>
</table>
With a dividend yield that places it neither at the top nor the bottom, Mercantile Bank finds itself in the middle among its industry peers, while Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) boasts the highest annualized dividend yield at 7.98%.
<h3>Analyzing Mercantile Bank Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1694617548_0.png" alt="dividend chart graph" />
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.06 to $1.26, reflecting the company's focus on providing greater returns to its shareholders.
<h3>YoY Earnings Growth For Mercantile Bank</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1694617548_1.png" alt="earning chart graph" />
The earnings chart above shows that from 2019 to 2022, Mercantile Bank has experienced an increase in their earnings from $2.71 per share to $3.42 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
<h3>Recap</h3>
This article delves into the recent dividend payout of Mercantile Bank and its implications for shareholders. Presently, the company is distributing a dividend of $0.34 per share, leading to an annualized dividend yield of 4.72%.
With a dividend yield that places it neither at the top nor the bottom, Mercantile Bank finds itself in the middle among its industry peers, while Washington Trust Bancorp boasts the highest annualized dividend yield at 7.98%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Mercantile Bank indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
\To read more news on Mercantile Bank <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WASH

Mercantile Bank Delivers Strong Performance and Growing Profits, Elevating Investor Returns

<h3>Gainers</h3>
<ul>
<li>Pieris Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pirs#NASDAQ">PIRS</a>) gained 90% to $0.3560 after the company issued strategic update and announced restructuring.</li>
<li>The Singing Machine Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mics#NASDAQ">MICS</a>) shares surged 32% to $2.10 after the company announced it launched a new party accessory product line available at Walmart.</li>
<li>Biophytis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpts#NASDAQ">BPTS</a>) gained 29% to $2.78 after the company signed a partnership with SEQENS to produce Sarconeos (BIO101) active compound, the company&#39;s main product.</li>
<li>iCAD, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icad#NASDAQ">ICAD</a>) rose 21.3% to $2.50. iCAD signed strategic commercial agreement with Radiology Partners, the nation&#39;s largest radiology practice.</li>
<li>Aridis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ards#NASDAQ">ARDS</a>) shares climbed 18.7% to $0.3121 after EMA announced positive feedback on the company&#39;s proposed Phase 3 study AR-301 for pneumonia caused by Gram-positive bacteria Staphylococcus aureus in mechanically ventilated hospitalized patients.</li>
<li>Interlink Electronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/link#NASDAQ">LINK</a>) shares climbed 17.4% to $12.65.</li>
<li>Innodata Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inod#NASDAQ">INOD</a>) gained 16.2% to $12.43.</li>
<li>D-Wave Quantum Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qbts#NYSE">QBTS</a>) climbed 15.1% to $2.9585. Benchmark, on Monday, maintained a Buy rating on the stock and raised its price target from $2 to $3.</li>
<li>Advent Technologies Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adn#NASDAQ">ADN</a>) gained 14.4% to $0.9595.</li>
<li>Advanced Emissions Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ades#NASDAQ">ADES</a>) rose 13.4% to $1.8061. Advanced Emissions Solutions named Robert Rasmus to succeed Greg Marken as President and CEO on July 17, 2023.</li>
<li>Healthcare Triangle, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcti#NASDAQ">HCTI</a>) gained 13.4% to $5.26 in pre-market trading after jumping 27% on Monday.</li>
<li>Altice USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atus#NYSE">ATUS</a>) rose 13% to $3.3106. Altice USA named CEO Dennis Mathew as Chairman.</li>
<li>Hyperfine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hypr#NASDAQ">HYPR</a>) climbed 12.8% to $2.64.</li>
<li>Astronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atro#NASDAQ">ATRO</a>) gained 12.6% to $20.89. Astronics reported above-consensus second-quarter preliminary revenue results.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) climbed 12.3% to $4.0250.</li>
<li>The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) gained 12.2% to $65.79 following better-than-expected second-quarter results.</li>
<li>PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>) climbed 11.5% to $9.19.</li>
<li>Rubicon Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbt#NYSE">RBT</a>) shares rose 10% to $0.4312 after surging 19% on Monday.</li>
<li>Mind Medicine (MindMed) Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnmd#NASDAQ">MNMD</a>) gained 9.7% to $4.65.</li>
<li>Mercantile Bank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbwm#NASDAQ">MBWM</a>) rose 9.7% to $32.31 after the company posted upbeat second-quarter results and raised quarterly dividend.</li>
<li>iSun, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isun#NASDAQ">ISUN</a>) shares climbed 9.1% to $0.43.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>9 Meters Biopharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmtr#NASDAQ">NMTR</a>) shares fell 67.1% to $0.2045 after the company announced on July 17th it, along with its subsidiaries, ceased operations and filed a voluntary petition for relief under the Bankruptcy Code.</li>
<li>Fangdd Network Group Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duo#NASDAQ">DUO</a>) declined 29% to $0.2803. Fangdd Network announced an $8 million registered direct offering of 11,428,565 shares at a purchase price of $0.70 per share.</li>
<li>Lixte Biotechnology Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lixt#NASDAQ">LIXT</a>) fell 26.2% to $5.56 after the company announced pricing of a $3.5 million registered direct offering and concurrent private placement priced at-the-market under Nasdaq rules.</li>
<li>Masimo Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/masi#NASDAQ">MASI</a>) dipped 21.8% to $115.01 after the company reported weak preliminary revenue results for the second quarter.</li>
<li>AERWINS Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) fell 21.4% to $0.3524.</li>
<li>Gorilla Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grrr#NASDAQ">GRRR</a>) shares declined 21.2% to $2.9985.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) declined 21.1% to $1.12 after the company released duration of remission data from Phase 1b expansion trial of APVO436 for Acute myelogenous leukemia.</li>
<li>CEL-SCI Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvm#NYSE">CVM</a>) fell 20.6% to $2.27 after the company priced its public offering of 2.5 million shares at $2 per share.</li>
<li>UTime Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/utme#NASDAQ">UTME</a>) tumbled 19% to $0.7780.</li>
<li>EUDA Health Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/euda#NASDAQ">EUDA</a>) fell 18% to $0.5001.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apls#NASDAQ">APLS</a>) fell 15.2% to $44.47.</li>
<li>Stryve Foods, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snax#NASDAQ">SNAX</a>) dipped 14.4% to $7.29.</li>
<li>IronNet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irnt#NYSE">IRNT</a>) fell 14% to $0.1549. IronNet intends to voluntarily delist securities from the NYSE.</li>
<li>First Wave BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwbi#NASDAQ">FWBI</a>) fell 13.6% to $0.70 after declining around 15% on Monday.</li>
<li>Acumen Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abos#NASDAQ">ABOS</a>) fell 13.3% to $8.43 after reporting a proposed public offering of common stock.</li>
<li>Ryvyl Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvyl#NASDAQ">RVYL</a>) declined 13.5% to $1.2705.</li>
<li>eXp World Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expi#NASDAQ">EXPI</a>) fell 9.2% to $22.35. BTIG initiated coverage on eXp World with a Sell rating and announced a price target of $14.</li>
<li>Novan, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/novn#NASDAQ">NOVN</a>) fell 8.8% to $0.1640. Novan shares declined 70% on Monday after the company announced it entered into an agreement to sell substantially all of its assets and filed for Chapter 11 protection.</li>
<li>SunCar Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sda#NASDAQ">SDA</a>) declined 8.3% to $9.99.</li>
<li>FREYR Battery (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frey#NYSE">FREY</a>) fell 7.6% to $8.88. Goldman Sachs downgraded FREYR Battery from Buy to Neutral and lowered the price target from $14 to $10.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/07/33266038/j-b-hunt-transport-likely-to-report-lower-q2-earnings-heres-a-look-at-recent-price-target-changes-b"> J.B. Hunt Transport Likely To Report Lower Q2 Earnings; Here&#39;s A Look At Recent Price Target Changes By The Most Accurate Analysts</a>

Why Lixte Biotechnology Shares Are Trading Lower By 26%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

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UBSI

Shares of bank stocks are trading higher following recent strong earnings  from multiple companies in the sector.

U.S. stocks traded mostly higher, with the Dow Jones gaining over 200 points on Tuesday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>D-Wave Quantum Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qbts#NYSE">QBTS</a>) shares rose 15.1% to $2.9585. Benchmark, on Monday, maintained a Buy rating on the stock and raised its price target from $2 to $3.</li>
<li>Altice USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atus#NYSE">ATUS</a>) gained 13% to $3.3106. Altice USA named CEO Dennis Mathew as Chairman.</li>
<li>Astronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atro#NASDAQ">ATRO</a>) climbed 12.6% to $20.89. Astronics reported above-consensus second-quarter preliminary revenue results.</li>
<li>Eos Energy Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eose#NASDAQ">EOSE</a>) gained 12.3% to $4.0250.</li>
<li>The Charles Schwab Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/schw#NYSE">SCHW</a>) rose 12.2% to $65.79 following better-than-expected second-quarter results.</li>
<li>PacWest Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacw#NASDAQ">PACW</a>) surged 11.5% to $9.19.</li>
<li>Telephone and Data Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tds#NYSE">TDS</a>) gained 11.8% to $7.83.</li>
<li>Microvast Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) rose 10.8% to $2.66. The company announced the expansion of its Colorado energy division to a new facility in Windsor, Colorado.</li>
<li>Amarin Corporation plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amrn#NASDAQ">AMRN</a>) climbed 10.3% to $1.4450.</li>
<li>Mercantile Bank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbwm#NASDAQ">MBWM</a>) gained 9.7% to $32.31 after the company posted upbeat second-quarter results and raised quarterly dividend.</li>
<li>Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) climbed 8.8% to $8.63. Transocean secured $518 million ultra-deepwater drillship contract.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) rose 8.2% to $2.5200.</li>
<li>XPO, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>) gained 7.7% to $67.00.</li>
<li>Precigen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgen#NASDAQ">PGEN</a>) climbed 7.1% to $1.4027.</li>
<li>DISH Network Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dish#NASDAQ">DISH</a>) gained 7% to $6.93.</li>
<li>Morgan Stanley (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>) rose 5.8% to $91.37 following better-than-expected quarterly results.</li>
<li>Bank of America Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) rose 4.2% to $30.63 following strong second-quarter results.</li>
</ul>

&nbsp;
Read More: <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33267193/ethereum-slides-but-remains-above-1-900-1inch-network-becomes-top-loser"> Ethereum Slides But Remains Above $1,900; 1inch Network Becomes Top Loser</a>

Mercantile Bank Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) (&quot;Mercantile&quot;) announced today that on&nbsp;July 13, 2023, its Board of Directors declared a regular quarterly cash dividend of&nbsp;$0.34&nbsp;per common share, payable on&nbsp;September 13, 2023, to holders of record as of&nbsp;September 1, 2023.&nbsp; The&nbsp;$0.34&nbsp;cash dividend represents an increase of&nbsp;3.0 percent&nbsp;from the&nbsp;$0.33&nbsp;regular cash dividend paid during the&nbsp;second quarter&nbsp;of 2023.

Mercantile Bank Corp Raised Q2 Dividend By 3% YoY To $0.34

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.10 by 15.45 percent. This is a 71.62 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $55.20 million which beat the analyst consensus estimate of $51.84 million by 6.48 percent. This is a 31.22 percent increase over sales of $42.07 million the same period last year.

Mercantile Bank Q2 EPS $1.27 Beats $1.10 Estimate, Sales $55.20M Beat $51.84M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is likely to report quarterly earnings at $1.66 per share on revenue of $13.17 billion.
&bull; Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is projected to report quarterly earnings at $0.71 per share on revenue of $4.61 billion.
&bull; Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is likely to report quarterly earnings at $0.84 per share on revenue of $25.05 billion.
&bull; Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $4.05 billion.
&bull; Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is projected to report quarterly earnings at $1.15 per share on revenue of $13.08 billion.
&bull; PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is projected to report quarterly earnings at $3.28 per share on revenue of $5.45 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is projected to report quarterly earnings at $6.45 per share on revenue of $15.91 billion.
&bull; Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is expected to report quarterly earnings at $1.22 per share on revenue of $4.37 billion.
&bull; Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is likely to report quarterly earnings at $1.10 per share on revenue of $51.84 million.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is expected to report earnings for its second quarter.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is likely to report quarterly earnings at $1.18 per share on revenue of $40.61 million.
<h3>Companies Reporting After The Bell</h3>
&bull; JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is likely to report quarterly earnings at $1.92 per share on revenue of $3.31 billion.
&bull; Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is expected to report quarterly earnings at $1.64 per share on revenue of $415.34 million.
&bull; Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is likely to report quarterly earnings at $1.98 per share on revenue of $653.09 million.
&bull; Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $364.64 million.
&bull; Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $216.78 million.
&bull; AAR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $529.17 million.
&bull; Omnicom Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMC#NYSE">OMC</a>) is expected to report quarterly earnings at $1.80 per share on revenue of $3.67 billion.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is likely to report quarterly earnings at $0.70 per share on revenue of $48.28 million.
&bull; Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $1.05 billion.
&bull; United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $242.13 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

UCBI

Earnings Scheduled For July 18, 2023

Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-07-18. Here's what investors need to know before the announcement.
Analysts estimate that Mercantile Bank will report an earnings per share (EPS) of $1.10. 
Mercantile Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 0.28% increase in the share price the next day.
Here's a look at Mercantile Bank's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.20</td>
<td>0.98</td>
<td>0.76</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.31</td>
<td>1.37</td>
<td>1.01</td>
<td>0.74</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.28%</td>
<td>-9.18%</td>
<td>4.23%</td>
<td>0.51%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1689606023_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Mercantile Bank were trading at $28.91 as of July 14. Over the last 52-week period, shares are down 12.42%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MBWM/earnings">To track all earnings releases for Mercantile Bank visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Mercantile Bank's Earnings: A Preview

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Shares of banks and financial services companies are trading higher as the sector continues to rebound following volatility this year. The recent signing of a US debt limit bill may be lifting overall market sentiment.

Mercantile Bank: A Fantastic Prospect For Investors To Bank On

Mercantile Bank GAAP EPS of $1.34 beats by $0.20, revenue of $58.2M beats by $2.82M

Mercantile Bank declares $0.35 dividend

Mercantile Bank Corp. (MBWM) has provided an announcement. The Company is set to leverage its First Quarter 2024 Conference Call & Webcast Presenta...

Mercantile Bank Corp. Engages Stakeholders with Q1 Webcast

Mercantile Bank Corporation 2024 Q1 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Mercantile Bank (NASDAQ:<a href="https://investorplace.com/stock-quotes/mbwm-stock-quote/">MBWM</a>) just reported results for the first quarter of 2024.<ul><li>Mercantile Bank reported earnings per share of $1.34. This was above the analyst estimate for EPS of $1.14.</li><li>The company reported revenue of $58.23 million.</li><li>This was 5.14% better than the analyst estimate for revenue of $55.38 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/mbwm-stock-earnings-mercantile-bank-for-q1-of-2024/">MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

MBWM Stock Earnings: Mercantile Bank Beats EPS, Beats Revenue for Q1 2024

Mercantile Bank Corporation (MBWM) Q1 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Financial sector with new ratings on Commerce Bancshares (CBSH – Research Report), Mercantile Bank (MBW...

Analysts Conflicted on These Financial Names: Commerce Bancshares (CBSH), Mercantile Bank (MBWM) and Bank of America (BAC)

Mercantile Bank: Signs Of Weakening Are Evident

Banks have had a tough slog the past few years, notably smaller regional banks that have traditionally relied on mortgage lending as one of their p...

Mercantile Bank (NASDAQ:MBWM) Taking Steps to Attract Deposits

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Press Releases

Mercantile Bank Corporation Announces Third Quarter 2023 Results Conference Call and Webcast

Mercantile Bank Corporation Declares Regular Cash Dividend

Mercantile Bank Corporation Announces Robust Third Quarter 2023 Results

Mercantile Bank Corporation Announces Retirement of President and Chief Executive Officer Robert B. Kaminski, Jr.

Mercantile Bank Corporation Announces Fourth Quarter and Full Year 2023 Results Conference Call and Webcast

Mercantile Bank Corporation Increases Regular Cash Dividend

Mercantile Bank Corporation Announces Strong Fourth Quarter and Full-Year 2023 Results

Mercantile Bank Corporation Announces First Quarter 2024 Results Conference Call and Webcast

Mercantile Bank Corporation Announces Robust First Quarter Results

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Mercantile Bank Stock (NASDAQ:MBWM), Short Interest Report

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