Merchants Bancorp Stock News

Merchants Bancorp's shares dropped nearly 20% after earnings, presenting an opportunity to sell short-term cash secured put options for income. Despite higher borrowing costs, net interest income is rising, and core deposit growth should reduce reliance on expensive external financing. The bank's attractive valuation at 6.2 to 6.5 times future earnings and high options premiums make selling put...

Third quarter 2024 net income of $61.3 million, decreased 25% compared to third quarter of 2023 and decreased 20% compared to the second quarter 2024, reflecting unfavorable fair market value adjustments to derivatives and servicing rights, and an increase in specific reserves on loans as part of the allowance for credit losses. Third quarter 2024 diluted earnings per common share of $1.17 decr...

Merchants Bancorp's financial performance has been strong, with net interest income growing despite rising interest expenses. Loan and deposit growth remain robust, with year-over-year loan growth over 10% and deposits increasing by more than 6.5% in the second quarter. MBINO offers the best value among the preferred shares, with a floating rate tied to three-month SOFR plus 4.831%, providing h...

CARMEL, Ind. , Sept. 11, 2024 /PRNewswire/ -- Merchants Bancorp (the "Company")(NASDAQ: MBIN) and its wholly owned subsidiary, Merchants Bank, have announced the appointment of Sean Sievers as its new Chief Financial Officer, effective Sept.

CARMEL, Ind. , Aug. 15, 2024 /PRNewswire/ -- Merchants Bancorp ("Merchants") (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana ("Merchants Bank"), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2024, in each case to shareholders of record on September 13, 2024, payable on October ...

CARMEL, Ind. , Aug. 1, 2024 /PRNewswire/ -- (Nasdaq: MBIN) Leading financial services provider Merchants Capital  today announced the execution of a $543.5 million Credit Risk Transfer (CRT), secured by 41 performing multifamily bridge loans.

Second quarter 2024 net income of $76.4 million, increased 17% compared to second quarter of 2023 and decreased 12% compared to the first quarter 2024. Second quarter 2024 diluted earnings per common share of $1.49 increased 14% compared to the second quarter of 2023 and decreased 17% compared to the first quarter of 2024.

Progressive stock reached a new high and is in the buy zone. A financial stock and an energy stock also hit highs and buy points.