Mercantile Bank Q3 Adj. EPS $1.42 Beats $1.35 Estimate, Sales $73.203M Beat $71.032M Estimate

Mercantile Bank (NASDAQ:MBWM) reported quarterly earnings of $1.42 per share which beat the analyst consensus estimate of $1.35 by 5.19 percent. This is a 2.74 percent decrease over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $73.203 million which beat the analyst consensus estimate of $71.032 million by 3.06 percent. This is a 17.33 percent increase over sales of $62.390 million the same period last year.