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Recap: Mercantile Bank Q4 Earnings

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Shares of Mercantile Bank (NASDAQ:MBWM) fell 1.0% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 4.82% year over year to $0.87, which beat the estimate of $0.55.

Revenue of $46,182,000 up by 20.02% year over year, which beat the estimate of $40,340,000.

Guidance

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

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

Details Of The Call

Date: Jan 19, 2021

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1031/39409

Technicals

52-week high: $37.16

52-week low: $17.09

Price action over last quarter: Up 28.39%

Company Overview

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.

 

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Posted-In: BZI-RecapsEarnings News

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