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Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2025, Mercantile Bank (MBWM - Free Report) reported revenue of $57.25 million, down 1.7% over the same period last year. EPS came in at $1.21, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $57.7 million, representing a surprise of -0.78%. The company delivered an EPS surprise of +1.68%, with the consensus EPS estimate being $1.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mercantile Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 54.3% compared to the 55% average estimate based on three analysts.
Net Interest Margin: 3.5% versus the three-analyst average estimate of 3.4%.
Net loan charge-offs to average loans: 0% compared to the 0.1% average estimate based on two analysts.
Average Balances - Total earning assets (before allowance): $5.68 billion versus $5.74 billion estimated by two analysts on average.
Total Noninterest Income: $8.70 million versus $9.68 million estimated by three analysts on average.
Net Interest Income: $48.55 million versus $48.02 million estimated by three analysts on average.
Payroll services: $1.04 million versus $0.90 million estimated by two analysts on average.
Interest rate swap income: $0.08 million compared to the $0.71 million average estimate based on two analysts.
Credit and debit card income: $2.20 million versus $2.20 million estimated by two analysts on average.
Earnings on bank owned life insurance policies: $0.54 million versus the two-analyst average estimate of $0.50 million.
Mortgage banking income: $2.65 million versus $2.80 million estimated by two analysts on average.
Other income: $0.35 million versus the two-analyst average estimate of $0.53 million.
Shares of Mercantile Bank have returned -11.3% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Mercantile Bank (MBWM) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2025, Mercantile Bank (MBWM - Free Report) reported revenue of $57.25 million, down 1.7% over the same period last year. EPS came in at $1.21, compared to $1.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $57.7 million, representing a surprise of -0.78%. The company delivered an EPS surprise of +1.68%, with the consensus EPS estimate being $1.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mercantile Bank performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 54.3% compared to the 55% average estimate based on three analysts.
- Net Interest Margin: 3.5% versus the three-analyst average estimate of 3.4%.
- Net loan charge-offs to average loans: 0% compared to the 0.1% average estimate based on two analysts.
- Average Balances - Total earning assets (before allowance): $5.68 billion versus $5.74 billion estimated by two analysts on average.
- Total Noninterest Income: $8.70 million versus $9.68 million estimated by three analysts on average.
- Net Interest Income: $48.55 million versus $48.02 million estimated by three analysts on average.
- Payroll services: $1.04 million versus $0.90 million estimated by two analysts on average.
- Interest rate swap income: $0.08 million compared to the $0.71 million average estimate based on two analysts.
- Credit and debit card income: $2.20 million versus $2.20 million estimated by two analysts on average.
- Earnings on bank owned life insurance policies: $0.54 million versus the two-analyst average estimate of $0.50 million.
- Mortgage banking income: $2.65 million versus $2.80 million estimated by two analysts on average.
- Other income: $0.35 million versus the two-analyst average estimate of $0.53 million.
View all Key Company Metrics for Mercantile Bank here>>>Shares of Mercantile Bank have returned -11.3% over the past month versus the Zacks S&P 500 composite's -8.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.