NASDAQ$MBIN

Merchants Bancorp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported an increase in net income driven by interest income and fair market value adjustment to mortgage servicing rights.

Merchants Bancorp reported a net income of $53.9 million for Q2 2022, an increase compared to both Q2 2021 and Q1 2022. The company highlighted its successful capital management, industry-leading return on average assets, and efficiency ratio.

  • Net income for the second quarter 2022 was $53.9 million, or $1.11 diluted earnings per common share.
  • Return on average assets was 2.20% for the second quarter of 2022.
  • Total assets reached $11.1 billion as of June 30, 2022.
  • Total deposits amounted to $8.3 billion as of June 30, 2022.

Headline financials

Total Revenue

$111M

Previous: $97.3M+14.3%
EPS (adj)

$1.11

Previous: $1.05+5.7%
Return on average assets

2.2%

Previous: 2.1%+2.8%
Efficiency ratio

29.6%

Previous: 29.0%+2.1%
Capital Expenditures

-$5.11M

Previous: -$2.69M-90.4%
Free Cash Flow

$48.8M

Previous: $48.7M+0.2%
Net Income

$53.9M

Previous: $51.4M+4.9%
Operating Income

$81.7M

Previous: $83.5M-2.2%
Gross Profit

$105M

Previous: $97M+8.2%
Cash & Equivalents

$258M

Previous: $402M-35.8%
Total Assets

$11.1B

Previous: $9.88B+12.2%

Revenue & EPS history

Merchants Bank · Revenue · Quarterly

$111M

Q2 2022+14.3%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company anticipates continued strength in the second half of 2022 and beyond.

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 Q2 2022

Historical avgQ2 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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