Merchants Bancorp (MBIN) Q3 Earnings and Revenues Miss Estimates

Core Viewpoint - Merchants Bancorp reported quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.42 per share, and down from $1.68 per share a year ago, indicating a -17.61% earnings surprise [1][2] Financial Performance - The company posted revenues of $149.56 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 4.21%, and down from $153.5 million year-over-year [2] - Over the last four quarters, Merchants Bancorp has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Performance - Merchants Bancorp shares have increased by approximately 0.9% since the beginning of the year, while the S&P 500 has gained 21.8% [3] - The current Zacks Rank for the stock is 4 (Sell), indicating expected underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $1.35 on revenues of $155.1 million, and for the current fiscal year, it is $6.08 on revenues of $638.3 million [7] - The estimate revisions trend for Merchants Bancorp is currently unfavorable, which may impact future stock movements [6] Industry Context - The Banks - Northeast industry, to which Merchants Bancorp belongs, is currently in the top 14% of over 250 Zacks industries, suggesting a favorable industry outlook [8]