Merchants Bancorp (MBIN) Lags Q1 Earnings and Revenue Estimates

Group 1: Earnings Performance - Merchants Bancorp reported quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.25 per share, and down from $1.80 per share a year ago, representing an earnings surprise of -25.60% [1] - The company posted revenues of $145.89 million for the quarter, missing the Zacks Consensus Estimate by 12.66%, and down from $167.93 million year-over-year [2] Group 2: Stock Performance and Outlook - Merchants Bancorp shares have declined approximately 11.1% since the beginning of the year, compared to a decline of -6.1% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.36 on revenues of $171.38 million, and for the current fiscal year, it is $5.42 on revenues of $692.7 million [7] Group 3: Industry Context - The Banks - Northeast industry, to which Merchants Bancorp belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Camden National, another bank in the same industry, is expected to report quarterly earnings of $0.99 per share, reflecting a year-over-year increase of +15.1%, with revenues expected to be $57.16 million, up 37.4% from the previous year [9]