Mercantile Bank (NASDAQ:MBWM) reported its Q4 earnings results on Tuesday, January 18, 2022 at 05:01 AM.
Here's what investors need to know about the announcement.
Earnings
Mercantile Bank missed estimated earnings by 13.95%, reporting an EPS of $0.74 versus an estimate of $0.86, which surprised analysts.
Revenue was up $1.02 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1, which was followed by a 2.95% increase in the share price the next day.
Here's a look at Mercantile Bank's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.85 | 0.74 | 0.71 | 0.55 |
| EPS Actual | 0.95 | 1.12 | 0.87 | 0.87 |
| Revenue Estimate | 41.47M | 41.29M | 42.10M | 40.34M |
| Revenue Actual | 46.69M | 45.43M | 43.00M | 46.18M |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
