Merchants Bancorp(US:MBIN) ZACKSยท2025-04-29 00:30Core Insights - Merchants Bancorp reported a revenue of $145.89 million for the quarter ended March 2025, reflecting a 13.1% decline year-over-year and falling short of the Zacks Consensus Estimate of $167.04 million by 12.66% [1] - The company's earnings per share (EPS) was $0.93, down from $1.80 in the same quarter last year, and also below the consensus estimate of $1.25, resulting in an EPS surprise of -25.60% [1] Financial Performance Metrics - Efficiency Ratio was reported at 42.3%, higher than the three-analyst average estimate of 38% [4] - Net interest margin stood at 2.9%, slightly below the estimated 3% by three analysts [4] - Average Earning Assets were $17.14 billion, lower than the average estimate of $18.15 billion [4] - Tier I capital/risk-weighted assets Ratio was 12.4%, exceeding the two-analyst average estimate of 12% [4] - Total capital/risk-weighted assets Ratio was 13%, slightly above the estimated 12.9% by two analysts [4] - Loan servicing fees (costs), net, were $4.01 million, higher than the average estimate of $3.17 million [4] - Syndication and asset management fees were $3.39 million, below the average estimate of $5.08 million [4] - Other income was reported at $3.16 million, compared to the average estimate of $4.80 million [4] - Mortgage warehouse fees were $1.51 million, exceeding the average estimate of $1.24 million [4] - Total Noninterest Income was $23.69 million, significantly lower than the average estimate of $34.95 million [4] - Gain on Sale of Loans was $11.62 million, compared to the average estimate of $20.67 million [4] - Net Interest Income was reported at $122.20 million, below the average estimate of $132.11 million [4] Stock Performance - Shares of Merchants Bancorp have declined by 12.4% over the past month, while the Zacks S&P 500 composite decreased by 4.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]