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Mercantile Bank Q1 2024 Earnings Report

Mercantile Bank logo
$44.16 +0.39 (+0.89%)
As of 01/3/2025 05:22 PM Eastern

Mercantile Bank EPS Results

Actual EPS
$1.34
Consensus EPS
$1.14
Beat/Miss
Beat by +$0.20
One Year Ago EPS
N/A

Mercantile Bank Revenue Results

Actual Revenue
$58.23 million
Expected Revenue
$55.20 million
Beat/Miss
Beat by +$3.03 million
YoY Revenue Growth
N/A

Mercantile Bank Announcement Details

Quarter
Q1 2024
Time
N/A

Conference Call Resources

Conference Call Audio

Slide Deck

Mercantile Bank Earnings Headlines

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About Mercantile Bank

Mercantile Bank (NASDAQ:MBWM) 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 provides 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 offers 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. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

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