NASDAQ$MBIN

Merchants Bancorp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Merchants Bancorp reported Q1 2025, revenue of $145M, net income of $58.2M, diluted EPS of $0.93.

For Q1 2025, Merchants Bancorp reported Revenue was $145M, net income was $58.2M, diluted EPS was $0.93. Management discusses operating trends, liquidity, and sector risks in the quarterly filing.

  • Q1 2025 revenue $145M.
  • Net income $58.2M.
  • Diluted EPS $0.93.

Headline financials

Total Revenue

$146M

Previous: $168M-13.1%
EPS (adj)

$0.93

Previous: $1.80-48.3%
Capital Expenditures

-$6.86M

Previous: -$2.31M-197.4%
Net Income

$58.2M

Previous: $87.1M-33.1%
Operating Income

$76.5M

Previous: -$33.1M+331.4%

Revenue & EPS history

Merchants Bank · Revenue · Quarterly

$146M

Q1 2025-13.1%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Regional banks discuss net interest income, credit quality, and capital returns rather than long-range EPS targets in the 10-Q.

Tailwinds

  • Net interest income supported by balance-sheet mix.
  • Deposit stability and liquidity buffers.
  • Capital return capacity when earnings allow.

Headwinds

  • Net interest margin pressure from rate cuts.
  • Commercial real estate and consumer credit risk.
  • Regulatory capital and funding cost volatility.

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 2025

Historical avgQ1 2025

+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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