NASDAQ$MBIN

Merchants Bancorp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a decrease in net income primarily due to decreases in noninterest income and net interest income.

Merchants Bancorp reported a net income of $50.1 million for Q1 2022, a decrease compared to both Q1 2021 and Q4 2021. The decrease was primarily driven by lower noninterest income and net interest income, reflecting declines in gain on sale of loans and lower loan balances.

  • Net income for the first quarter 2022 was $50.1 million, or $1.02 diluted earnings per common share.
  • Return on average assets was 1.92% for the first quarter of 2022.
  • Total assets decreased to $9.7 billion at March 31, 2022.
  • Total deposits decreased to $7.5 billion at March 31, 2022.

Headline financials

Total Revenue

$100M

Previous: $116M-13.4%
EPS (adj)

$1.02

Previous: $1.35-24.4%
Return on average assets

1.9%

Previous: 2.5%-22.9%
Efficiency ratio

30.9%

Previous: 26.0%+18.8%
Capital Expenditures

-$3.94M

Previous: -$2M-96.6%
Free Cash Flow

$46.2M

Previous: $60M-23.0%
Net Income

$50.1M

Previous: $62M-19.1%
Operating Income

$82M

Previous: $101M-18.9%
Gross Profit

$97.9M

Previous: $114M-14.3%
Cash & Equivalents

$412M

Previous: $269M+52.7%
Total Assets

$9.7B

Previous: $9.71B-0.1%

Revenue & EPS history

Merchants Bank · Revenue · Quarterly

$100M

Q1 2022-13.4%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
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 2022

Historical avgQ1 2022

+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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