Mercantile Bank: Q3 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Mercantile Bank Corp. (MBWM) on Tuesday reported third-quarter profit of $16 million.

The Grand Rapids, Michigan-based bank said it had earnings of $1.01 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.

The holding company for Mercantile Bank of Michigan posted revenue of $55.4 million in the period. Its revenue net of interest expense was $49.6 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $47.4 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBWM at https://www.zacks.com/ap/MBWM