Merchants Bancorp (MBIN) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Merchants Bancorp (MBIN) reported quarterly earnings of $0.97 per share, exceeding the Zacks Consensus Estimate of $0.79 per share, but down from $1.17 per share a year ago, indicating a +22.78% earnings surprise [1] Financial Performance - The company posted revenues of $171.07 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 3.04% and up from $149.56 million year-over-year [2] - Over the last four quarters, Merchants Bancorp has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance and Outlook - Merchants Bancorp shares have declined approximately 11.3% year-to-date, contrasting with the S&P 500's gain of 16.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] Earnings Estimate Revisions - Prior to the earnings release, the estimate revisions trend for Merchants Bancorp was unfavorable, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $169.29 million, and $3.27 on revenues of $659.38 million for the current fiscal year [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is in the top 18% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]