Mercantile Bank (MBWM) Tops Q3 EPS by 24c, Revenues Beat

Mercantile Bank (NASDAQ: MBWM) reported Q3 EPS of $0.66, $0.24 better than the analyst estimate of $0.42. Revenue for the quarter came in at $42.8 million versus the consensus estimate of $39.41 million.

"In light of the challenging operating environment created by the ongoing COVID-19 pandemic, we are pleased with our overall financial performance during the third quarter of 2020," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "We have implemented strategic initiatives to address the identifiable impacts of the pandemic, and we will continue to focus on appropriately planning for potential future risks posed by it."

For earnings history and earnings-related data on Mercantile Bank (MBWM) click here.

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