Merchants Bancorp First Quarter 2025 Earnings: Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)

Wed, Apr 30, 2025, 4:44 AM 1 min read

Merchants Bancorp (NASDAQ:MBIN) First Quarter 2025 Results

Key Financial Results

Revenue: US$138.2m (down 15% from 1Q 2024).
Net income: US$42.6m (down 46% from 1Q 2024).
Profit margin: 31% (down from 48% in 1Q 2024). The decrease in margin was primarily driven by lower revenue.
EPS: US$0.93 (down from US$1.81 in 1Q 2024).

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earnings-and-revenue-growth — NasdaqCM:MBIN Earnings and Revenue Growth April 30th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Merchants Bancorp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 4.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Merchants Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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