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Merchants Bancorp Reports Second Quarter 2021 Results
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Merchants Bancorp - Consensus Indicates Potential 22 1% Upside - DirectorsTalk Interviews
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Merchants Bancorp Reports First Quarter 2021 Results
- First quarter 2021 net income of $62.0 million increased 152% compared to the first quarter of 2020 and increased 4% compared to the fourth quarter of 2020
- First quarter 2021 diluted earnings per common share of $2.02 increased 177% compared to the first quarter of 2020 and increased 4% compared to the fourth quarter of 2020
- Total assets of $9.7 billion increased $1.8 billion, or 23%, compared to March 31, 2020, driven by a 63% increase in loans receivable, and increased 1% compared to the fourth quarter of 2020
- Return on average assets was 2.49% in the first quarter of 2021 compared to 1.49% in the first quarter of 2020 and 2.57% in the fourth quarter of 2020
Merchants Bancorp Reports First Quarter 2021 Results
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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.