When did Merchants Bancorp report Q3 2024 earnings?

Merchants Bancorp (MBIN) reported Q3 2024 earnings on October 28, 2024 before market open.

What were Merchants Bancorp's Q3 2024 revenue and EPS?

Merchants Bancorp reported revenue of $148.4M and eps of $1.17 for Q3 2024.

Did Merchants Bancorp beat estimates in Q3 2024?

Revenue missed the consensus estimate of $159.7M by $11.3M. EPS missed the consensus estimate of $1.42 by $0.25.

Where can I find Merchants Bancorp's Q3 2024 SEC filings?

You can read the 10-Q periodic report (0001558370-24-015053) directly on SEC EDGAR. The filing index links above go to sec.gov.

Merchants Bancorp MBIN Q3 2024 earnings

Reported October 28, 2024 · Before market open

Revenue$148.4MMiss by $11.3M

EPS$1.17Miss by $0.25

Revenue estimate$159.7M

EPS estimate$1.42

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$183.0M

EPS estimate$1.40

Financials

Q3 2024

Income statement

See full

Revenue$149.6M-2.6%

Net income$61.3M-24.8%

EPS (diluted)$1.17-30.4%

Balance sheet

See full

Cash & equivalents$601.9M+47.8%

Total debt$3.6B+115%

Total equity$1.9B+18.8%

Total assets$18.7B+13.1%

Cash flow

See full

Operating cash flow-$492.6M+10.4%

CapEx$4.5M+777%

Free cash flow-$497.2M+9.6%

Valuation & ratios

Valuation

as of 09/30/24

See full

Market cap$2B+67.2%

Enterprise value$4.98B+103%

P/E6.6×+2.0×

P/S3.2×+0.9×

Profitability

See full

Net margin47.5%-2.0pp

Returns & leverage

See full

Return on equity16.9%-0.1pp

Debt / equity1.8×+0.8×

Versus estimates

Revenue

Q2 2026$182.2MBeat by $3.2M Q1 2026$175.2MBeat by $947.0K Q4 2025$185.3MBeat by $14.5M Q3 2025$169.8MMiss by $5.2M Q2 2025$178.1MBeat by $13.3M Q1 2025$145.1MMiss by $30.7M

Diluted EPS

Q2 2026$1.48Beat by $0.26 Q1 2026$1.25Beat by $0.09 Q4 2025$1.28Beat by $0.34 Q3 2025$0.97Beat by $0.18 Q2 2025$0.60Miss by $0.52 Q1 2025$0.93Miss by $0.32

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Questions, answered.

When did Merchants Bancorp report Q3 2024 earnings?: Merchants Bancorp (MBIN) reported Q3 2024 earnings on October 28, 2024 before market open.
What were Merchants Bancorp's Q3 2024 revenue and EPS?: Merchants Bancorp reported revenue of $148.4M and eps of $1.17 for Q3 2024.
Did Merchants Bancorp beat estimates in Q3 2024?: Revenue missed the consensus estimate of $159.7M by $11.3M. EPS missed the consensus estimate of $1.42 by $0.25.
Where can I find Merchants Bancorp's Q3 2024 SEC filings?: You can read the 10-Q periodic report (0001558370-24-015053) directly on SEC EDGAR. The filing index links above go to sec.gov.