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

Merchants Bancorp

28/04/2025 22:02

Merchants Bancorp MBIN.OQ reported quarterly adjusted earnings of $1.04​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.80.  The mean expectation of three analysts for the quarter was for earnings of $1.25 per share. Wall Street expected results to range from $1.08  to $1.39 per share.

Revenue fell 13.1% to $145.89 million from a year ago; analysts expected $168.50 million.

Merchants Bancorp's reported EPS for the quarter was 93 cents​.

The company reported quarterly net income of $42.6 million.

Merchants Bancorp shares had fallen by 12.3% this quarter and lost 11.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $51.00

This summary was machine generated from LSEG data April 28 at 09:01 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
Mar. 31 2025
1.25
1.04
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