Shares of Merchants Bancorp MBIN rose in after-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share increased 111.96% year over year to $1.95, which beat the estimate of $1.49.
Revenue of $111,963,000 rose by 85.60% from the same period last year, which beat the estimate of $91,180,000.
Guidance
Merchants Bancorp hasn't issued any earnings guidance for the time being.
Merchants Bancorp hasn't issued any revenue guidance for the time being.
Technicals
52-week high: $32.04
Company's 52-week low was at $12.37
Price action over last quarter: Up 47.74%
Company Overview
Merchants Bancorp is a US-based bank holding company. It operates multiple lines of business focusing on FHA (Federal Housing Administration) multi-family housing and healthcare facility financing and servicing, retail and correspondent residential mortgage banking, traditional community banking. The business segments of the company are: Multi-family Mortgage Banking which originates and services government-sponsored mortgages for multi-family and healthcare facilities; Mortgage Warehousing segment which funds agency-eligible residential loans as well as commercial loans to nondepository financial institutions; and Banking segment that provides a wide range of financial products and services to consumers and businesses, including commercial and other consumer loan products.
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