Mercantile Bank: Q3 Earnings Insights

Shares of Mercantile Bank MBWM were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 14.29% year over year to $0.66, which beat the estimate of $0.42.

Revenue of $42,816,000 up by 11.85% from the same period last year, which beat the estimate of $39,410,000.

Outlook

Mercantile Bank hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 20, 2020

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1031/37863

Price Action

Company's 52-week high was at $37.32

Company's 52-week low was at $17.09

Price action over last quarter: down 4.29%

Company Description

Mercantile Bank Corp operates as a bank holding company. The Bank 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.