Merchants Bancorp (MBIN) Misses Q1 EPS by 29c
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Merchants Bancorp Reports First Quarter 2025 Results
April 28, 2025 4:05 PM EDTFirst quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to prior periods.First quarter 2025 diluted earnings per common share of $0.93 decreased 48% compared to the first... More
