WA
Consensus Narrative from 4 Analysts
Expanding Securities Portfolio Will Provide Stable Interest Income In High-Rate Environment
Key Takeaways Mercantile Bank aims to lower loan-to-deposit ratios by focusing on business deposits and retail growth, enhancing net interest margins. Strong mortgage income growth and maintained asset quality are poised to support consistent earnings and revenue growth.
View narrativeUS$53.00
FV
7.2% undervalued intrinsic discount5.97%
Revenue growth p.a.
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15 days ago author updated this narrative