Mercantile Bank Q2 EPS $1.27 Beats $1.10 Estimate, Sales $55.20M Beat $51.84M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercantile Bank (NASDAQ:MBWM) reported Q2 earnings of $1.27 per share, beating the analyst consensus estimate of $1.10 by 15.45%. This is a 71.62% increase from the same period last year. The company also reported quarterly sales of $55.20 million, beating the analyst consensus estimate of $51.84 million by 6.48%. This is a 31.22% increase from the same period last year.
July 18, 2023 | 9:02 am
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Mercantile Bank's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
Mercantile Bank reported better than expected Q2 earnings and sales, which is a positive signal for the company's financial health. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100