Merchants Bancorp

Merchants Bancorp is a bank holding company, which specializes in multiple lines of business in banking and finance. It operates through the following segments: Multi-Family Mortgage Banking, Mortgage Warehousing and Banking. The Multi-Family Mortgage Banking segment engages in mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties. The Mortgage Warehousing segment funds agency eligible loans for non-depository financial institutions from the date of origination or purchase until the date of sale to an investor. The Banking segment refers to financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products, and letters of credit and various types of deposit products, including checking, savings and time deposit accounts. The company was founded by Michael Petrie and Randall D. Rogers in 1990 and is headquartered in Carmel, IN.

Earnings data Q1 2021

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Merchants Bancorp is a bank holding company, which specializes in multiple lines of business in banking and finance. It operates through the following segments: Multi-Family Mortgage Banking, Mortgage Warehousing, Banking, and Other. The Multi-Family Mortgage Banking segment deals with mortgage banking, specializing in originating and servicing loans for multi-family rental housing and healthcare facility financing, particularly for senior living properties. The Mortgage Warehousing segment funds agency eligible loans for non-depository financial institutions from the date of origination or purchase until the date of sale to an investor. The Banking segment refers to financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products, and letters of credit and various types of deposit products, including checking, savings and time deposit accounts. The company was founded by Michael Petrie and Randall D. Rogers in 1990 and is headquartered in Carmel, IN.

First quarter 2024 net income of $87.1 million was the Company's highest quarterly earnings ever recorded, increasing 58% compared to first quarter of 2023 and increasing 12% compared to the fourth quarter 2023. First quarter 2024 diluted earnings per common share of $1.80 increased 68% compared to the first quarter of 2023 and increased 14% compared to the fourth quarter of 2023.

Merchants Bancorp Reports First Quarter 2024 Results

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CARMEL, Ind. , Feb. 28, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN) today announced that on April 1, 2024 it will redeem all outstanding shares of its 7.00% Fixed-to-Floating Rate Series A Non-Cumulative Perpetual Preferred Stock ("Series A Preferred Stock") (Nasdaq: MBINP) at the liquidation preference of $25.00 per share.

Merchants Bancorp Announces Redemption of Its Series A Preferred Stock

Merchants Bancorp (MBIN) announces a dividend hike of 13% to 9 cents per share. Given the decent liquidity and balance sheet position, this looks sustainable in the long run.

Merchants Bancorp (MBIN) Announces 13% Increase in Dividend

CARMEL, Ind. , Feb. 14, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the first quarter of 2023, in each case to shareholders of record on March 15, 2024, payable on April 1, 2024: A dividend of $0.09 per share on the Company's outstanding shares of its common stock (NASDAQ:MBIN); A dividend of $0.4375 per share on the Company's outstanding shares of its 7% Series A preferred stock (NASDAQ:MBINP); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series B preferred stock (NASDAQ:MBINO); A dividend of $15.00 per share (equivalent to $0.375 per depositary share) on the Company's outstanding shares of its 6% Series C preferred stock (NASDAQ:MBINN); A dividend of $20.625 per share (equivalent to $0.5156 per depositary share) on the Company's outstanding shares of its 8.25% Series D preferred stock (NASDAQ:MBINM).

Merchants Bancorp Increases Quarterly Common Dividend by 13%; Declares Quarterly Common and Preferred Dividends

If you are looking for stocks that are well positioned to maintain their recent uptrend, Merchants Bancorp (MBIN) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Merchants Bancorp (MBIN) is on the Move, Here's Why the Trend Could be Sustainable

Although the revenue and EPS for Merchants Bancorp (MBIN) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Merchants Bancorp (MBIN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Merchants Bancorp (MBIN) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.12 per share a year ago.

Merchants Bancorp (MBIN) Q4 Earnings and Revenues Beat Estimates

Full year 2023 net income of $279.2 million set a new Company record, increasing 27% compared to 2022. Full year 2023 diluted earnings per common share of $5.64 reached the highest level in Company history and increased 26% compared to 2022.

Merchants Bancorp Reports Fourth Quarter 2023 Results

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Recent Price Trend in Merchants Bancorp (MBIN) is Your Friend, Here's Why

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Merchants Bancorp (MBIN) is a Great Momentum Stock: Should You Buy?

Merchants Bancorp (MBIN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Merchants Bancorp (MBIN): Time to Buy?

Merchants Bancorp (MBIN) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.22 per share a year ago.

Merchants Bancorp (MBIN) Beats Q3 Earnings and Revenue Estimates

Third quarter 2023 net income of $81.5 million increased 39% compared to third quarter of 2022 and increased 25% compared to the second quarter 2023. Third quarter 2023 diluted earnings per common share of $1.68 increased 38% compared to the third quarter of 2022 and increased 28% compared to the second quarter of 2023.

Merchants Bancorp Reports Third Quarter 2023 Results

CARMEL, Ind. , Sept. 7, 2023 /PRNewswire/ -- Merchants Bancorp (Nasdaq: MBIN)("Merchants"), a registered bank holding company and the parent company of Merchants Bank of Indiana and Farmers-Merchants Bank of Illinois ("Farmers-Merchants"), announced today that Farmers-Merchants has entered into an agreement with Bank of Pontiac, headquartered in Pontiac, Illinois, for Bank of Pontiac to acquire Farmers-Merchants' branch locations in Paxton, Melvin, and Piper City, Illinois, and into an agreement with CBI Bank & Trust, headquartered in Muscatine, Iowa, for CBI Bank & Trust to acquire Farmers-Merchants' branch located in Joy, Illinois.

Bank of Pontiac and CBI Bank & Trust to Acquire Branches of Farmers-Merchants Bank of Illinois

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While the top- and bottom-line numbers for Merchants Bancorp (MBIN) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Merchants Bancorp (MBIN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Merchants Bancorp (MBIN) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.11 per share a year ago.

Merchants Bancorp (MBIN) Q2 Earnings and Revenues Beat Estimates

Second quarter 2023 net income of $65.3 million increased 21% compared to second quarter of 2022 and increased 19% compared to the first quarter 2023. Second quarter 2023 diluted earnings per common share of $1.31 increased 18% compared to the second quarter of 2022 and increased 22% compared to the first quarter of 2023.

Merchants Bancorp Reports Second Quarter 2023 Results

CARMEL, Ind. , July 21, 2023 /PRNewswire/ -- (Nasdaq: MBIN) Merchants Capital is pleased to announce the closing of Merchants Capital Tax Credit Equity Fund 15, L.P.

Merchants Capital Closes $196.5MM Multi-Investor Tax Credit Fund to Support Over 2,300 Affordable Homes in 13 States

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Merchants Bancorp's Q1 earnings show stability, with net income reaching $55 million, $5 million higher than the prior year and six times higher than preferred dividend obligations. The bank's balance sheet is unique compared to other regional banks due to its $2.8 billion in loans held for sale, primarily residential mortgages that are agency-backed. Merchants Bancorp has managed higher interest rates well, with a 21-basis point increase in interest rate spread, and has taken a unique approach to banking by holding a larger portion of its loan portfolio for sale combined with offering high-rate certificates of deposit.

Merchants Bancorp: Attractive 8.6% Yielding Series D Preferred Share

News for Merchants Bancorp Stock (MBIN)