Merchants Bancorp reports results for the quarter ended December 31 - Earnings Summary

Merchants Bancorp

29/01/2025 12:00

* Merchants Bancorp  MBIN.OQ  reported quarterly adjusted
earnings
of $1.85​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of $1.58.  The mean expectation of three analysts for the
quarter was for earnings of $1.29 per share. Wall Street
expected results to range from $1.29  to $1.30 per share.
    * Revenue rose 27.5% to $193.77 million from a year ago;
analysts
expected $158.80 million. 
    * Merchants Bancorp's reported EPS for the quarter was
$1.85​.
    * The company reported quarterly net income of $84.94
million.
    * Merchants Bancorp shares had risen by 9.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Merchants Bancorp
is $50.00 
This summary was machine generated from LSEG data January 29 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.29           1.85           Beat
 Sep. 30 2024      1.42           1.17           Missed
 Jun. 30 2024      1.57           1.49           Missed
 Mar. 31 2024      1.37           1.80           Beat