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NASDAQ:MBIN

Merchants Bancorp Q3 2024 Earnings Results & Report

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$48.97 +0.52 (+1.07%)
As of 03:54 PM Eastern
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Merchants Bancorp missed analyst earnings expectations but beat on revenue in its Q3 2024 results, released October 28, 2024. The company reported EPS of $1.17 versus the $1.42 consensus estimate, while revenue of $355.67 million topped the $156.13 million estimate by $199.54 million.

Earnings Announcement Details

Quarter
Q3 2024
Report Date
Time
After Market Closes
Conference Call
4:00 PM ET

Merchants Bancorp EPS Results

Actual EPS
$1.17
Consensus EPS
$1.42
Beat/Miss
Missed by -$0.25
One Year Ago EPS
$1.68
EPS Beat Rate
5 of last 8 quarters

Merchants Bancorp Revenue Results

Actual Revenue
$355.67 million
Expected Revenue
$156.13 million
Beat/Miss
Beat by +$199.54 million
YoY Revenue Growth
N/A

Upcoming Earnings

Merchants Bancorp's Q3 2026 earnings is estimated for Wednesday, October 28, 2026, based on past reporting schedules, with a conference call scheduled at 4:05 PM ET. Check back for transcripts, audio, and key financial metrics as they become available.

Merchants Bancorp Q3 2024 Earnings FAQ

Merchants Bancorp (NASDAQ:MBIN) reported earnings of $1.17 per share for Q3 2024, missing the consensus estimate of $1.42. The report was announced on Monday, October 28, 2024.

Merchants Bancorp reported revenue of $355.67 million for Q3 2024, against a consensus estimate of $156.13 million.

Merchants Bancorp's next earnings date is estimated for Wednesday, October 28, 2026. MarketBeat tracks confirmed and estimated earnings dates for Merchants Bancorp on the company's earnings history page.

Merchants Bancorp Earnings Headlines

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About Merchants Bancorp

Merchants Bancorp (NASDAQ:MBIN) is a diversified financial services company headquartered in Carmel, Indiana. Through its banking subsidiary, Merchants Bank of Indiana, the company provides a range of banking and specialized finance solutions to commercial and residential customers across the United States.

The company’s primary activities include multifamily mortgage banking, mortgage warehouse lending and manufactured housing finance. Its multifamily mortgage business originates and services loans for apartment communities and other residential properties, including financing supported by government-sponsored and government-insured programs. Merchants also provides warehouse lines of credit to mortgage lenders, allowing them to fund residential mortgage originations before those loans are sold or otherwise financed.

Merchants Bancorp was established in 2007 and has expanded from its Indiana banking base into a national platform serving borrowers, mortgage originators, property owners and other financial institutions. Its operations also include deposit-taking and other commercial banking services offered through Merchants Bank of Indiana.

View Merchants Bancorp Profile