06:03 AM EDT, 04/16/2024 (MT Newswires) -- Mercantile Bank ( MBWM ) reported Tuesday Q1 earnings of $1.34 per share, up from $1.31 per share a year earlier.

Four analysts polled by Capital IQ expected $1.14 per share.

Revenue for the quarter ended March 31 was $58.2 million, up from $55.3 million a year earlier. Three analysts polled by Capital IQ expected $55.4 million.

Separately, the company said it will pay an unchanged quarterly cash dividend of $0.35 per share on June 19 to shareholders as of June 7.