Mercantile Bank

Mercantile Bank Corp. operates as a bank holding company for Mercantile Bank of Michigan. It offers checking and savings accounts, credit and debit cards, mobile and Internet banking, business loans, mobile wallet, health savings account, and treasury management services. The company was founded on July 15, 1997 and is headquartered in Grand Rapids, MI.

Earnings data Q3 2023

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Mercantile Bank (MBWM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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Mercantile Bank Corporation (NASDAQ:MBWM ) Q2 2023 Earnings Conference Call July 18, 2023 10:00 AM ET Company Participants Zack Mukewa - Lambert IR Bob Kaminski - President & CEO Ray Reitsma - COO & President of the Bank Chuck Christmas - EVP & CFO Conference Call Participants Brendan Nosal - Piper Sandler Daniel Tamayo - Raymond James Erik Zwick - Hovde Group Damon DelMonte - KBW Operator Good morning, and welcome to the Mercantile Bank Corporation Second Quarter 2023 Earnings Results Conference Call. All participants will be in listen-only mode.

Mercantile Bank Corporation (MBWM) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for Mercantile Bank (MBWM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Mercantile Bank (MBWM) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Mercantile Bank (MBWM) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $0.74 per share a year ago.

Mercantile Bank (MBWM) Tops Q2 Earnings and Revenue Estimates

Significant year-over-year increase in net interest income, solid loan growth, and ongoing strength in asset quality metrics highlight quarter GRAND RAPIDS, Mich. , July 18, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") reported net income of $20.4 million, or $1.27 per diluted share, for the second quarter of 2023, compared with net income of $11.7 million, or $0.74 per diluted share, for the respective prior-year period.

Mercantile Bank Corporation Announces Strong Second Quarter 2023 Results

Board declares $0.34 regular quarterly cash dividend on common stock resulting in a current annual yield of approximately 4.8 percent GRAND RAPIDS, Mich. , July 18, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) ("Mercantile") announced today that on July 13, 2023, its Board of Directors declared a regular quarterly cash dividend of $0.34 per common share, payable on September 13, 2023, to holders of record as of September 1, 2023.

Mercantile Bank Corporation Increases Regular Cash Dividend

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Mercantile Bank (MBWM) Right Now?

Mercantile Bank (MBWM) appears to be a viable investment option, backed by strong fundamentals and promising growth prospects.

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The mean of analysts' price targets for Mercantile Bank (MBWM) points to a 31.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Mercantile Bank (MBWM) Could Rally 31.16%: Here's is How to Trade

GRAND RAPIDS, Mich. , June 28, 2023 /PRNewswire/ -- Mercantile Bank Corporation (NASDAQ: MBWM) will host a conference call and webcast at 10 a.m.

Mercantile Bank Corporation Announces Second Quarter 2023 Results Conference Call and Webcast

News for Mercantile Bank Stock (MBWM)