Merchants Bancorp(US:MBIN) ZACKSยท2025-01-29 01:30Core Insights - Merchants Bancorp (MBIN) reported a revenue of $193.77 million for the quarter ended December 2024, marking a 22% increase year-over-year, with an EPS of $1.85 compared to $1.58 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $159.8 million by 21.26%, and the EPS surpassed the consensus estimate of $1.27 by 45.67% [1] Financial Performance Metrics - Net interest margin was reported at 3%, above the average estimate of 2.9% from three analysts [4] - Average earning assets totaled $17.89 billion, slightly higher than the $17.76 billion average estimate from three analysts [4] - Total capital/risk-weighted assets ratio was 13.6%, exceeding the average estimate of 11.5% from two analysts [4] - Tier I capital/risk-weighted assets ratio stood at 13%, above the average estimate of 11.1% from two analysts [4] - Loan servicing fees (costs), net, were $14.95 million, significantly higher than the average estimate of $6.60 million from three analysts [4] - Syndication and asset management fees reached $9.32 million, compared to the average estimate of $3.12 million from three analysts [4] - Other income was reported at $8.44 million, exceeding the average estimate of $4.77 million from three analysts [4] - Total noninterest income was $59.15 million, far surpassing the average estimate of $28.96 million from three analysts [4] - Gain on sale of loans was $25.02 million, compared to the average estimate of $12.83 million from three analysts [4] - Net interest income was reported at $134.62 million, above the average estimate of $131.17 million from three analysts [4] Stock Performance - Shares of Merchants Bancorp have returned +11.1% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]