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Mercantile Bank Corporation MBWM Q2 2024 earnings

Reported July 16, 2024 · Before market open

Revenue$56.8MBeat by $653.0K
EPS$1.17Beat by $0.01
Revenue estimate$56.1M
EPS estimate$1.16

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$70.9M
EPS estimate$1.36

Financials

Q2 2024

Income statement

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Revenue$56.8M+2.8%
Net income$18.8M-7.7%
EPS (diluted)$1.17-7.9%

Cash flow

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Operating cash flow$9.1M-53.0%
CapEx$869.0K-60.0%
Free cash flow$8.2M-52.2%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$653.94M+47.8%
P/E8.1×+2.5×
P/S2.8×—

Profitability

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Net margin35.3%—

Segments

By product

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Credit And Debit Card$2.3M-6.6%
Service Charges On Deposit And Sweep Accounts$1.7M+59.0%
Interest Rate Swap Fees$766.0K—
Payroll Processing$686.0K—

FAQ

When did Mercantile Bank Corporation report Q2 2024 earnings?
Mercantile Bank Corporation (MBWM) reported Q2 2024 earnings on July 16, 2024 before market open.
What were Mercantile Bank Corporation's Q2 2024 revenue and EPS?
Mercantile Bank Corporation reported revenue of $56.8M and eps of $1.17 for Q2 2024.
Did Mercantile Bank Corporation beat estimates in Q2 2024?
Revenue beat the consensus estimate of $56.1M by $653.0K. EPS beat the consensus estimate of $1.16 by $0.01.
Where can I find Mercantile Bank Corporation's Q2 2024 SEC filings?
You can read the 8-K earnings release (0001437749-24-022769) and the 10-Q periodic report (0001437749-24-024367) directly on SEC EDGAR. The filing index links above go to sec.gov.