Merchants Bancorp: A Shift To The Floating Preferred [Seeking Alpha]
Merchants Bancorp (MBIN)
Last merchants bancorp earnings: 1/30 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/merchants-bancorp-reports-fourth-quarter-and-full-year-2017-results-300596104.html
Company Research
Source: Seeking Alpha
Follow Play 7min Summary Merchants Bancorp's financial performance has been strong, with net interest income growing despite rising interest expenses. Loan and deposit growth remain robust, with year-over-year loan growth over 10% and deposits increasing by more than 6.5% in the second quarter. MBINO offers the best value among the preferred shares, with a floating rate tied to three-month SOFR plus 4.831%, providing higher cumulative dividends. Risks include potential loan performance issues and the impact of unexpected interest rate drops, which could affect MBINO and MBINM dividends. J Studios Introduction Merchants Bancorp ( NASDAQ: MBIN ) is a regional bank based in Indiana. In addition to investing in common shares, investors have the option to invest in three different preferred shares ( MBINM NASDAQ: MBINN MBINO ) being offered by the bank. Last June, I wrote on my investment in MBINM , which has turned into a beneficial trade. Now, with shares trading at
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MBIN
News
- Do Merchants Bancorp's (NASDAQ:MBIN) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- MBINO: Recommend Holding For A Few More Months [Seeking Alpha]Seeking Alpha
- Merchants Bancorp's (NASDAQ:MBIN) 35% CAGR outpaced the company's earnings growth over the same five-year period [Yahoo! Finance]Yahoo! Finance
- Merchants Bancorp Appoints Sean Sievers as Chief Financial OfficerPR Newswire
- Merchants Bancorp (NASDAQ: MBIN) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $54.00 price target on the stock.MarketBeat
MBIN
Earnings
- 7/29/24 - Miss
MBIN
Sec Filings
- 9/16/24 - Form 4
- 9/11/24 - Form 3
- 9/11/24 - Form 8-K
- MBIN's page on the SEC website