Mercantile Bank Corp MBWM.OQ MBWM.O is expected to show a rise in quarterly revenue when it reports results on July 22 for the period ending June 30 2025
The Grand Rapids Michigan-based company is expected to report a 5.8% increase in revenue to $60.024 million from $56.75 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
LSEG's mean analyst estimate for Mercantile Bank Corp is for earnings of $1.24 per share.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Mercantile Bank Corp is $48.25, about 1% below its last closing price of $48.71
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Mar. 31 2025 | 1.19 | 1.18 | 1.21 | Beat | 2.3 |
Dec. 31 2025 | 1.16 | 1.15 | 1.22 | Beat | 6.4 |
Sep. 30 2024 | 1.19 | 1.17 | 1.22 | Beat | 4.1 |
Jun. 30 2024 | 1.14 | 1.16 | 1.17 | Beat | 1.3 |
Mar. 31 2024 | 1.16 | 1.14 | 1.34 | Beat | 17.2 |
Dec. 31 2023 | 1.25 | 1.24 | 1.25 | Beat | 1.1 |
Sep. 30 2023 | 1.15 | 1.15 | 1.30 | Beat | 13.3 |
Jun. 30 2023 | 1.12 | 1.10 | 1.27 | Beat | 15 |
This summary was machine generated July 18 at 12:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)