Previous Close | 39.80 |
Open | 39.80 |
Bid | 42.20 x N/A |
Ask | 42.40 x N/A |
Day's Range | 39.80 - 42.40 |
52 Week Range | 20.40 - 42.80 |
Volume | |
Avg. Volume | 0 |
Market Cap | 1.853B |
Beta (5Y Monthly) | 1.17 |
PE Ratio (TTM) | 6.70 |
EPS (TTM) | 6.33 |
Earnings Date | Jul 25, 2024 - Jul 29, 2024 |
Forward Dividend & Yield | 0.33 (0.84%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | 47.33 |
The headline numbers for Merchants Bancorp (MBIN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Merchants Bancorp (MBIN) delivered earnings and revenue surprises of 30.43% and 16.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Merchants Bancorp (the "Company" or "Merchants") (Nasdaq: MBIN), parent company of Merchants Bank, today reported first quarter 2024 net income of $87.1 million, or diluted earnings per common share of $1.80. This compared to $55.0 million, or diluted earnings per common share of $1.07 in the first quarter of 2023, and compared to $77.5 million, or diluted earnings per common share of $1.58 in the fourth quarter of 2023.