In This Article:
Merchants Bancorp (NASDAQ:MBIN) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$142.7m (down 4.6% from 3Q 2023).
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Net income: US$53.5m (down 27% from 3Q 2023).
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Profit margin: 38% (down from 49% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
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EPS: US$1.17 (down from US$1.69 in 3Q 2023).
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 6.3%. Earnings per share (EPS) also missed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are down 18% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Merchants Bancorp.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.