NasdaqGS:MBWMBanks
Mercantile Bank (MBWM) Margins Improve, Reinforcing Positive Narratives on Profit Quality and Value
Mercantile Bank (MBWM) has posted an impressive run of earnings expansion, with profits growing by 12.8% annually over the past five years. Net profit margins currently stand at a robust 36.7%, slightly up from last year's 36%, and earnings are forecast to see continued annual growth of 5.4% moving forward, while revenue is projected to rise 9.6% per year. With shares now trading at $44.91, well below the estimated fair value of $96.35, investors may take note of MBWM's high-quality earnings...
