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Mercantile Bank: Q3 Earnings Snapshot
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GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Mercantile Bank Corp. (MBWM) on Tuesday reported third-quarter earnings of $24.1 million.

The Grand Rapids, Michigan-based bank said it had earnings of $1.39 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.42 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The holding company for Mercantile Bank of Michigan posted revenue of $102.6 million in the period. Its revenue net of interest expense was $73.2 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $70.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBWM at https://www.zacks.com/ap/MBWM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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