Mercantile Bank Q3 EPS $1.30 Beats $1.16 Estimate, Sales $58.20M Beat $53.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercantile Bank (NASDAQ:MBWM) reported Q3 earnings of $1.30 per share, beating the analyst consensus estimate of $1.16 by 12.07%. This is a 28.71% increase from the same period last year. The company also reported quarterly sales of $58.20 million, beating the analyst consensus estimate of $53.31 million by 9.17%. This is a 17.27% increase from the same period last year.
October 17, 2023 | 9:04 am
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Mercantile Bank's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Mercantile Bank's Q3 earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors. This strong financial performance could lead to increased investor confidence and potentially a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100