HBT - Mercantile Bank: A Fantastic Prospect For Investors To Bank On

2024-04-14 08:04:00 ET

Summary

• Mercantile Bank Corporation is a small bank with consistent revenue and profit growth, making it an attractive investment opportunity.
• The bank offers commercial and retail banking services, as well as insurance products and trust services.
• Despite a decline in non-interest income and concerns about uninsured deposit exposure, the bank's shares are attractively priced and its asset quality is high.

For over a year now, I have been looking through the list of publicly traded banks out there in search of the best opportunities. The banking crisis that began in March of 2023 is what initially spurred my interest in digging deeper into this space. Along the way, I have rated a small number of the financial institutions I analyzed a ‘strong buy’. But that list has been very small. I am pleased to announce that, as of this article, I have yet one more institution that I can add to that list. And that is none other than Mercantile Bank Corporation ( MBWM )....

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