Merchants Bancorp Q1 EPS $1.80 Beats $1.36 Estimate, Sales $167.93M Beat $144.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Merchants Bancorp (NASDAQ:MBIN) reported Q1 earnings of $1.80 per share, surpassing the $1.36 estimate, a 68.22% increase from last year. Sales reached $167.93M, beating the $144.15M estimate, marking a 46.08% increase from the previous year.
April 29, 2024 | 8:18 pm
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Merchants Bancorp reported a significant beat on both earnings and sales estimates for Q1, with earnings per share at $1.80 and sales at $167.93M.
The substantial beat on both earnings per share and sales estimates for Merchants Bancorp indicates strong financial health and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100