IDFC First Bank plans to double its branch network in five years, while reducing bad loans. The bank aims to expand assets by 20% annually and deposits by 25%. With a stable operating business and improved visibility, the bank is confident in achieving its targets. It has successfully improved CASA and increased its loan book. The bank plans to open branches based on deposit goals and grow deposits at a CAGR of 25%. Loans and advances will see a CAGR of 20.3% while keeping asset quality under control.
Mercantile Bank Corporation (NASDAQ:MBWM) Q4 2023 Earnings Call Transcript January 16, 2024 Mercantile Bank Corporation beats earnings expectations. Reported EPS is $1.25, expectations were $1.22. MBWM isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning, and welcome to the […]