NASDAQ$MBIN

Merchants Bancorp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported first quarter earnings with record quarterly earnings and recognition as a top-performing bank.

Merchants Bancorp reported a strong first quarter in 2021, achieving record quarterly earnings of $2.02 per share. The company was also recognized as the 3rd best-performing bank in the nation by S&P Global. Net income increased significantly due to growth in multi-family and mortgage warehouse loans, as well as an increase in loan servicing fees.

  • Reported record quarterly earnings of $2.02 per share.
  • Named the 3rd best performing bank in the nation by S&P Global.
  • Net income increased due to growth in multi-family and mortgage warehouse loans.
  • Loan servicing fees increased due to a positive fair market value adjustment to mortgage servicing rights.

Headline financials

Total Revenue

$116M

Previous: $58.3M+99.0%
EPS (adj)

$1.35

Previous: $0.49+175.5%
Return on average assets

2.5%

Previous: 1.5%+67.1%
Efficiency ratio

26.0%

Previous: 38.3%-32.1%
Capital Expenditures

-$2M

Previous: -$594K-237.4%
Free Cash Flow

$60M

Previous: $24M+150.0%
Net Income

$62M

Previous: $24.6M+152.1%
Operating Income

$101M

Previous: $21M+381.2%
Gross Profit

$114M

Previous: $46.9M+143.5%
Cash & Equivalents

$269M

Previous: $568M-52.6%
Total Assets

$9.71B

Previous: $7.91B+22.7%

Revenue & EPS history

Merchants Bank · Revenue · Quarterly

$116M

Q1 2021+99%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements which reflect management’s current views with respect to, among other things, future events and financial performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

56%

23 / 41 earnings

Positive

+15.8%

Q4 2025

Best reaction

-16.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%-7.5%-5.0%
Q4 2025+15.8%+20.3%+21.0%
Q3 2025+1.4%+0.9%+9.2%
Q1 2025-8.6%-6.8%-2.5%
Q4 2024+6.5%+2.7%+2.4%
Q3 2024-16.1%-15.5%-3.8%
Q2 2024-15.8%-22.4%-13.9%
Q1 2024+3.3%+17.5%+1.4%
Q4 2023+5.4%-5.4%-4.6%
Q3 2023+11.0%+13.2%+27.6%
Q2 2023+2.4%+5.5%-3.4%
Q1 2023-1.9%-2.8%-1.0%
Q4 2022+11.0%+18.8%+17.6%
Q3 2022-0.1%-0.5%+4.7%
Q2 2022+4.6%+8.1%+9.1%
Q1 2022-4.2%-3.1%+1.5%
Q4 2021+4.9%+7.7%-0.9%
Q3 2021+4.3%+9.1%+8.5%
Q2 2021-2.5%-9.7%-7.3%
Q1 2021+5.3%+7.9%+7.7%
Q4 2020-0.7%+7.8%+13.3%
Q3 2020+0.2%+3.2%+26.6%
Q2 2020+10.0%+6.9%+17.7%
Q1 2020+6.1%+14.9%+26.0%
Q4 2019+9.8%+11.5%+0.5%
Q3 2019-0.7%+8.1%+9.2%
Q2 2019+6.4%+6.5%-4.9%
Q1 2019-9.7%-7.6%-27.5%
Q4 2018-7.6%-6.3%-3.1%
Q3 2018+3.8%+0.2%+6.4%
Q2 2018-8.6%-2.9%-3.9%
Q1 2017+5.6%+7.9%+20.4%
Q1 2018+6.5%+9.8%+24.5%
Q4 2015-5.2%-4.1%-8.0%
Q4 2016-5.2%-4.1%-8.0%
Q1 2016-5.2%-4.1%-8.0%
Q2 2016-5.2%-4.1%-8.0%
Q2 2017-5.2%-4.1%-8.0%
Q4 2017-1.6%-1.4%+10.5%
Q3 2017+2.2%+6.8%+0.3%
Q3 2016+2.2%+6.8%+0.3%

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