Benzinga | Jan 18, 2022 07:04AM EST

Recap: Mercantile Bank Q4 Earnings



Mercantile Bank (NASDAQ:MBWM) reported its Q4 earnings results on Tuesday, January 18, 2022 at 05:01 AM.

Here's what investors need to know about the announcement.

Earnings

Mercantile Bank missed estimated earnings by 13.95%, reporting an EPS of $0.74 versus an estimate of $0.86, which surprised analysts.

Revenue was up $1.02 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1, which was followed by a 2.95% increase in the share price the next day.

Here's a look at Mercantile Bank's past performance:



Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 0.85 0.74 0.71 0.55EPS Actual 0.95 1.12 0.87 0.87Revenue Estimate 41.47M 41.29M 42.10M 40.34MRevenue Actual 46.69M 45.43M 43.00M 46.18M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.