NASDAQ$MBIN
Merchants Bancorp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported highest quarterly earnings, driven by loan growth and increased net interest income.
Merchants Bancorp reported a strong start to 2024, achieving record quarterly earnings. Net income increased by 58% compared to the same period in 2023, driven by loan growth and an increase in net interest income. Total assets reached nearly $18 billion.
- Net income for Q1 2024 reached $87.1 million, a 58% increase compared to Q1 2023.
- Total assets grew to $17.8 billion, a 25% increase year-over-year.
- Return on average assets was 2.07% for Q1 2024, compared to 1.71% for Q1 2023.
- Efficiency ratio decreased to 29.1%.
Headline financials
Revenue & EPS history
Merchants Bank · Revenue · Quarterly
$168M
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 2024
+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
| Quarter | Report date | Reaction (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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