Investors were given insight into Mercantile Bank Corporation's (NASDAQ: MBWM) third quarter results when the company released its earnings in advance of the regular trading session.
The results has grabbed interest of the wall street, especially since the earnings and revenues outshined the market view
The financial outcomes for the recent quarter indicate that the establishment reported income of $1.22 per share, alongside total revenues amounting to $57.96 million during that timeframe.
The results gone beyond the analysts anticipated $1.17 profit per share along with the revenue of $56.83 million.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $1.22 | -6.2% | 57.96 M | -0.4% |
| Historical Earnings Insight | ||||
| Q2 2024 | $1.17 | -7.9% | 56.75 M | +2.8% |
| Q1 2024 | $1.34 | +2.3% | 58.23 M | +5.2% |
| Q4 2023 | $1.25 | -8.8% | 56.95 M | -2.6% |
| Q3 2023 | $1.30 | +28.7% | 58.20 M | +17.3% |
| Q2 2023 | $1.27 | +71.6% | 55.20 M | +31.2% |
| *Growth on year-over-year basis | ||||
The revenues dropped 0.41 percent, besides per share profit contracted 6.15 percent when looking at the third quarter of prior year.
During Monday's trading, Mercantile Bank (MBWM) shares reached a low of $43.32 and a high of $44.16, along with a total volume of 54.90 thousand shares. The stock ended the regular trading session at $43.40, indicating downfall of 1.16 percent.
