Benzinga | Apr 20, 2021 06:25AM EDT

Mercantile Bank Q1 EPS $0.87 Beats $0.71 Estimate, Sales $43.00M Beat $42.10M Estimate

Mercantile Bank (NASDAQ:MBWM) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.71 by 22.54 percent. This is a 33.85 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $43.00 million which beat the analyst consensus estimate of $42.10 million by 2.13 percent. This is a 16.62 percent increase over sales of $36.87 million the same period last year.