Mercantile Bank Corp expected to post earnings of $1.38 a share - Earnings Preview
Mercantile Bank Corp
MBWM is expected to show a rise in quarterly revenue when it reports results on October 21 for the period ending September 30 2025
The Grand Rapids Michigan-based company is expected to report a 5.8% increase in revenue to $61.332 million from $57.96 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
LSEG's mean analyst estimate for Mercantile Bank Corp is for earnings of $1.38 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Mercantile Bank Corp is $56.00, about 23% above its last closing price of $43.14
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2025 | 1.26 | 1.24 | 1.39 | Beat | 11.7 |
Mar. 31 2025 | 1.19 | 1.18 | 1.21 | Beat | 2.3 |
Dec. 31 2024 | 1.16 | 1.15 | 1.22 | Beat | 6.4 |
Sep. 30 2024 | 1.19 | 1.17 | 1.22 | Beat | 4.1 |
Jun. 30 2024 | 1.14 | 1.16 | 1.17 | Beat | 1.3 |
Mar. 31 2024 | 1.16 | 1.14 | 1.34 | Beat | 17.2 |
Dec. 31 2023 | 1.25 | 1.24 | 1.25 | Beat | 1.1 |
Sep. 30 2023 | 1.15 | 1.15 | 1.30 | Beat | 13.3 |
This summary was machine generated October 17 at 12:49 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)