Merchants Bancorp Reports Third Quarter 2024 Results [Yahoo! Finance]
Merchants Bancorp (MBIN)
Last merchants bancorp earnings: 1/30 04:05 pm
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US:NASDAQ Investor Relations:
prnewswire.com/news-releases/merchants-bancorp-reports-fourth-quarter-and-full-year-2017-results-300596104.html
Company Research
Source: Yahoo! Finance
2024, reflecting unfavorable fair market value adjustments to derivatives and servicing rights, and an increase in specific reserves on loans as part of the allowance for credit losses. Third quarter 2024 diluted earnings per common share of decreased 30% compared to the third quarter of 2023 and decreased 21% compared to the second quarter of 2024. Unfavorable fair market value adjustments to interest rate floor derivatives on loans and servicing rights of $7.7 million and $6.7 million , respectively, negatively impacted results during the third quarter of 2024 by approximately per diluted common share. Total assets of $18.7 billion surpassed any level previously reported by the Company, increasing 2% compared to June 30, 2024 , and increasing 10% compared to December 31, 2023 Tangible book value per common share reached a record-high of and increased 25% compared to in the third quarter of 2023 and increased 4% compared to in the second quarter of 2024. As of September 30,
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News
- Merchants Bancorp Declares Quarterly Common and Preferred DividendsPR Newswire
- Merchants Bancorp Prices Depositary Share Offering [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Prices Depositary Share OfferingPR Newswire
- Merchants Bancorp (NASDAQ: MBIN) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $48.00 price target on the stock, down previously from $56.00.MarketBeat
- Merchants Bancorp (NASDAQ: MBIN) had its price target lowered by analysts at Raymond James from $58.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
MBIN
Earnings
- 10/28/24 - Miss
MBIN
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- MBIN's page on the SEC website