When did Merchants Bancorp report Q4 2024 earnings?

Merchants Bancorp (MBIN) reported Q4 2024 earnings on January 28, 2025 before market open.

What were Merchants Bancorp's Q4 2024 revenue and EPS?

Merchants Bancorp reported revenue of $193.1M and eps of $1.85 for Q4 2024.

Did Merchants Bancorp beat estimates in Q4 2024?

Revenue beat the consensus estimate of $158.8M by $34.3M. EPS beat the consensus estimate of $1.30 by $0.55.

Where can I find Merchants Bancorp's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001558370-25-001941) directly on SEC EDGAR. The filing index links above go to sec.gov.

Merchants Bancorp MBIN Q4 2024 Annual earnings

Reported January 28, 2025 · Before market open

Revenue$193.1MBeat by $34.3M

EPS$1.85Beat by $0.55

Revenue estimate$158.8M

EPS estimate$1.30

Next report

Oct 27, 2026 (in 3 months)

Revenue estimate$183.0M

EPS estimate$1.40

Financials

Q4 2024

Income statement

See full

Revenue$193.8M+22.0%

Net income$95.7M+23.5%

EPS (diluted)$1.85+17.1%

Balance sheet

See full

Cash & equivalents$476.6M-18.4%

Total debt$4.4B+351%

Total equity$2.2B+31.9%

Total assets$18.8B+10.9%

Cash flow

See full

Operating cash flow-$10.0M—

CapEx$6.3M+54.2%

Free cash flow-$16.3M—

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$1.67B-9.4%

Enterprise value$5.59B+150%

P/E5.2×-1.4×

P/S2.5×-0.8×

Profitability

See full

Net margin47.8%-1.9pp

FCF margin-134.1%—

Returns & leverage

See full

Return on equity16.2%-1.4pp

Debt / equity2×+1.4×

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 Q4 2024 earnings?: Merchants Bancorp (MBIN) reported Q4 2024 earnings on January 28, 2025 before market open.
What were Merchants Bancorp's Q4 2024 revenue and EPS?: Merchants Bancorp reported revenue of $193.1M and eps of $1.85 for Q4 2024.
Did Merchants Bancorp beat estimates in Q4 2024?: Revenue beat the consensus estimate of $158.8M by $34.3M. EPS beat the consensus estimate of $1.30 by $0.55.
Where can I find Merchants Bancorp's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001558370-25-001941) directly on SEC EDGAR. The filing index links above go to sec.gov.