Mercantile Bank (MBWM) Reports In-Line Q3 EPS, Revenues Miss

Mercantile Bank (NASDAQ: MBWM) reported Q3 EPS of $0.61, in-line with the analyst estimate of $0.61. Revenue for the quarter came in at $34.5 million versus the consensus estimate of $34.69 million.

"We are pleased to report that our current quarter operating results represent a continuation of the robust performance demonstrated during the first half of the year," said Robert B. Kaminski, Jr., President and Chief Executive Officer of Mercantile. "Our sustained strength in core profitability, sound capital position, and healthy commercial and residential mortgage loan pipelines position us to finish the year in strong fashion and take advantage of future growth opportunities."

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

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