Mercantile Bank (NASDAQ: MBWM) is set to announce its financial results for the third quarter of 2024 on Tuesday 15th October 2024. This highly anticipated announcement is scheduled to take place before market open. Investors will have the opportunity to learn more about the company's performance during the quarter.
According to the forecasts of financial experts on Wall Street, the enterprise is poised to announce an anticipated per share $1.17 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $56.83 million for this specific period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $228.14 million. At the same time, the earnings per share for the company are also anticipated to reach profit of $4.81 during the fiscal year.
In the preceding quarter of the previous year, the company shared its financial results, revealing that it had income of $1.3 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| 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 | ||||
MBWM has scheduled a conference call on 15th October 2024 at 10:00 AM eastern time to discuss the third quarter financial results and other related information.
Friday's trading saw Mercantile Bank (MBWM) shares hit a low of $41.91 and a high of $43.98, with a day volume of 72.50 thousand shares. The stock closed the regular trading session at $43.91, demonstrating 5.33 percent gain.
