Merchants Bancorp reports results for the quarter ended in June - Earnings Summary

Merchants Bancorp

27/07/2023 22:39

* Merchants Bancorp  MBIN.OQ  reported quarterly adjusted
earnings
of $1.31​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
$1.23 per share.
    * Revenue rose 73.2% to $135.50 million from a year ago;
analysts
expected $122.90 million. 
    * Merchants Bancorp's reported EPS for the quarter was
$1.31​.
    * The mean earnings estimate of analysts had risen by
about 10.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Merchants Bancorp shares had risen by 17.3% this
quarter and
gained 23.4% so far this year.
    * The company reported quarterly net income of $56.63
million.
    * Wall Street's median 12-month price target for Merchants
Bancorp
is $34.50 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 09:39 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.23           1.31           Beat
 Mar. 31 2023      1.13           1.07           Missed
 Dec. 31 2022      1.07           1.12           Beat
 Sep. 30 2022      1.22           1.22           Met