Merchants Bancorp reported a 22% increase in revenue for the quarter ending December 2024, surpassing Zacks Consensus Estimate.
The company’s EPS for the quarter was $1.85, exceeding the consensus estimate by 45.67%.
For the year 2024, net income rose by 15% with a record diluted earnings per common share of $6.30.
Merchants Bancorp (NASDAQ:MBIN) is a financial institution that provides banking services, including mortgage banking, retail banking, and small business lending. The company operates primarily in the United States and competes with other regional banks. On January 29, 2025, Evans Scott A., a director and Lynn Market President of MBIN, sold 25,000 shares of the company’s common stock at $43.10 each. After this transaction, he still holds 27,606 shares.
Merchants Bancorp recently reported strong financial results for the quarter ending December 2024. The company achieved a revenue of $193.77 million, a 22% increase from the previous year. This figure exceeded the Zacks Consensus Estimate of $159.8 million, resulting in a revenue surprise of over 21%. Such performance indicates the company’s ability to surpass market expectations.
The earnings per share (EPS) for the quarter were $1.85, up from $1.58 in the previous year. This exceeded the consensus EPS estimate of $1.27 by 45.67%. Merchants Bancorp’s consistent ability to outperform consensus EPS estimates highlights its strong financial health and potential for future growth.
For the year 2024, Merchants Bancorp reported a net income of $320.4 million, a 15% increase from the previous year. The diluted earnings per common share reached $6.30, the highest in the company’s history. The company’s total assets have reached $18.8 billion, and the tangible book value per share increased by 25% to $34.15, as highlighted by CEO Michael Petrie.
Currently, MBIN’s stock is priced at $42.35, reflecting a 6.51% increase. The stock has fluctuated between $42.08 and $43.82 today, with a market capitalization of approximately $1.94 billion. Over the past year, MBIN’s stock has ranged from a low of $34.16 to a high of $53.27, indicating its volatility and potential for investors.
