Earnings Summary

Merchants Bancorp’s revenue jumped 214.91% since last year same period to $355.52Mn in the Q2 2024. On a quarterly growth basis, Merchants Bancorp has generated 1.84% jump in its revenue since last 3-months.

Merchants Bancorp’s net profit jumped 16.98% since last year same period to $76.39Mn in the Q2 2024. On a quarterly growth basis, Merchants Bancorp has generated -12.25% fall in its net profits since last 3-months.

Merchants Bancorp’s net profit margin fell -62.85% since last year same period to 21.49% in the Q2 2024. On a quarterly growth basis, Merchants Bancorp has generated -13.83% fall in its net profit margins since last 3-months.

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Merchants Bancorp’s return on assets (ROA) stands at 0.02.

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Merchants Bancorp’s return on equity (ROE) stands at 0.19.

Merchants Bancorp declared 0.52 dividend per share during the earnings announcement for Q1 2024.