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Here's What Key Metrics Tell Us About Merchants Bancorp (MBIN) Q1 Earnings
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For the quarter ended March 2024, Merchants Bancorp (MBIN - Free Report) reported revenue of $167.93 million, up 46.1% over the same period last year. EPS came in at $1.80, compared to $1.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $144.15 million, representing a surprise of +16.50%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Merchants Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 29.1% versus the two-analyst average estimate of 33.2%.
Average Earning Assets: $16.26 billion compared to the $16.25 billion average estimate based on two analysts.
Net interest margin: 3.1% versus the two-analyst average estimate of 3%.
Net Interest Income: $127.06 million compared to the $120 million average estimate based on two analysts.
Gain on Sale of Loans: $9.36 million compared to the $11 million average estimate based on two analysts.
Total Noninterest Income: $40.87 million compared to the $24.64 million average estimate based on two analysts.
Shares of Merchants Bancorp have returned -7.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Merchants Bancorp (MBIN) Q1 Earnings
For the quarter ended March 2024, Merchants Bancorp (MBIN - Free Report) reported revenue of $167.93 million, up 46.1% over the same period last year. EPS came in at $1.80, compared to $1.07 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $144.15 million, representing a surprise of +16.50%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $1.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Merchants Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 29.1% versus the two-analyst average estimate of 33.2%.
- Average Earning Assets: $16.26 billion compared to the $16.25 billion average estimate based on two analysts.
- Net interest margin: 3.1% versus the two-analyst average estimate of 3%.
- Net Interest Income: $127.06 million compared to the $120 million average estimate based on two analysts.
- Gain on Sale of Loans: $9.36 million compared to the $11 million average estimate based on two analysts.
- Total Noninterest Income: $40.87 million compared to the $24.64 million average estimate based on two analysts.
View all Key Company Metrics for Merchants Bancorp here>>>Shares of Merchants Bancorp have returned -7.1% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.