Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
20 July 1999Website:
http://www.mercbank.comNext earnings report:
16 July 2024Last dividends:
07 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 17:01:28 GMTAnalysts recommendations
Institutional Ownership
MBWM Latest News
GRAND RAPIDS, Mich. , June 27, 2024 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.
While the revenue and EPS of Mercantile Bank (MBWM) provide insight into its performance in the quarter ending March 2024, it is important to also analyze how certain key metrics measure up against Wall Street predictions and figures from the previous year.
Mercantile Bank reported quarterly earnings of $1.34 per share, surpassing the Zacks Consensus Estimate of $1.14 per share. This is higher than the earnings of $1.31 per share from the previous year.
Mercantile Bank: An Excellent Opportunity for Investors to Consider
In addition to evaluating Wall Street's expectations for Mercantile Bank (MBWM) in terms of revenue and profit, consider examining projections for various important metrics to better understand the company's performance in the first quarter of 2024.
Mercantile Bank (MBWM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
TROW, MBWM and TRMK made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 7, 2023.
Mercantile Bank (MBWM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
While the top- and bottom-line numbers for Mercantile Bank (MBWM) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Mercantile Bank (MBWM) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.37 per share a year ago.
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What type of business is Mercantile Bank?
Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also offers commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner-occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it provides courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products, as well as owns 22 automated teller machines and 19 video banking machines. As of January 18, 2022, the company operated 44 banking offices. Mercantile Bank Corporation was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.
What sector is Mercantile Bank in?
Mercantile Bank is in the Financial Services sector
What industry is Mercantile Bank in?
Mercantile Bank is in the Banks - Regional industry
What country is Mercantile Bank from?
Mercantile Bank is headquartered in United States
When did Mercantile Bank go public?
Mercantile Bank initial public offering (IPO) was on 20 July 1999
What is Mercantile Bank website?
https://www.mercbank.com
Is Mercantile Bank in the S&P 500?
No, Mercantile Bank is not included in the S&P 500 index
Is Mercantile Bank in the NASDAQ 100?
No, Mercantile Bank is not included in the NASDAQ 100 index
Is Mercantile Bank in the Dow Jones?
No, Mercantile Bank is not included in the Dow Jones index
When does Mercantile Bank report earnings?
The next expected earnings date for Mercantile Bank is 16 July 2024