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Mercantile Bank Corporation MBWM Q3 2024 earnings

Reported October 15, 2024 · Before market open

Revenue$58.0MBeat by $1.1M
EPS$1.22Beat by $0.05
Revenue estimate$56.8M
EPS estimate$1.17

Next report

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

Financials

Q3 2024

Income statement

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Revenue$58.0M-0.4%
Net income$19.6M-5.9%
EPS (diluted)$1.22-6.2%

Cash flow

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Operating cash flow--100%
CapEx$5.6M+284%

Valuation & ratios

Valuation

as of 09/30/24
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Market cap$704.89M+42.4%
P/E8.8×+2.9×
P/S3.1×—

Profitability

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Net margin34.8%—

Segments

By product

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Credit And Debit Card$2.3M+1.1%
Service Charges On Deposit And Sweep Accounts$1.8M+28.0%
Payroll Processing$713.0K—
Interest Rate Swap Fees$389.0K—

FAQ

When did Mercantile Bank Corporation report Q3 2024 earnings?
Mercantile Bank Corporation (MBWM) reported Q3 2024 earnings on October 15, 2024 before market open.
What were Mercantile Bank Corporation's Q3 2024 revenue and EPS?
Mercantile Bank Corporation reported revenue of $58.0M and eps of $1.22 for Q3 2024.
Did Mercantile Bank Corporation beat estimates in Q3 2024?
Revenue beat the consensus estimate of $56.8M by $1.1M. EPS beat the consensus estimate of $1.17 by $0.05.
Where can I find Mercantile Bank Corporation's Q3 2024 SEC filings?
You can read the 8-K earnings release (0001437749-24-031198) and the 10-Q periodic report (0001437749-24-032883) directly on SEC EDGAR. The filing index links above go to sec.gov.