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

Merchants Bancorp

27/04/2023 22:00

* Merchants Bancorp  MBIN.OQ  reported quarterly adjusted
earnings
of $1.07​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
$1.13 per share.
    * Revenue rose 21.6% to $114.96 million from a year ago;
analysts
expected $117.65 million. 
    * Merchants Bancorp's reported EPS for the quarter was
$1.07​.
    * The mean earnings estimate of analysts had risen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Merchants Bancorp shares had fallen by 9.1% this
quarter and
lost 2.7% so far this year.
    * The company reported quarterly net income of $46.29
million.
    * Wall Street's median 12-month price target for Merchants
Bancorp
is $36.50 
    * 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
April 27 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.13           1.07           Missed
 Dec. 31 2022      1.07           1.12           Beat
 Sep. 30 2022      1.22           1.22           Met
 Jun. 30 2022      0.90           1.11           Beat