Earnings Summary

Mercantile Bank Corp’s revenue jumped 31.21% since last year same period to $55.2Mn in the Q2 2023. On a quarterly growth basis, Mercantile Bank Corp has generated -8.74% fall in its revenue since last 3-months.

Mercantile Bank Corp’s net profit jumped 73.44% since last year same period to $20.36Mn in the Q2 2023. On a quarterly growth basis, Mercantile Bank Corp has generated -2.94% fall in its net profits since last 3-months.

Mercantile Bank Corp’s net profit margin jumped 32.19% since last year same period to 36.88% in the Q2 2023. On a quarterly growth basis, Mercantile Bank Corp has generated 6.36% jump in its net profit margins since last 3-months.

Mercantile Bank Corp’s earning per share (EPS) estimates for the current quarter stand at 1.2 - a 22.45% jump from last quarter’s estimates.

Mercantile Bank Corp’s earning per share (EPS) estimates for the current year stand at 1.2.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Mercantile Bank Corp’s return on assets (ROA) stands at 0.02.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Mercantile Bank Corp’s return on equity (ROE) stands at 0.17.

Mercantile Bank Corp declared 0.33 dividend per share during the earnings announcement for Q1 2023.