Stock Track | Merchants Bancorp Shares Tumble as Q3 Earnings Disappoint

Stock Track

Oct 29, 2024

Shares of Merchants Bancorp (MBIN) plummeted 6.17% on Monday, October 29, after the company reported disappointing third-quarter earnings results.

The Midwest-based bank holding company reported adjusted earnings per share of $1.17 for the quarter ended September 30, 2024, missing analysts' average estimate of $1.42. The company's revenue also declined 4.6% year-over-year to $142.67 million, falling short of Wall Street's expectations of $159.70 million.

Merchants Bancorp's weaker-than-expected financial performance in the third quarter can be attributed to several factors, including the challenging economic environment and increased competition in the banking sector. The company's net income for the quarter stood at $53.52 million, reflecting the impact of the lower earnings and revenue figures.

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The company's net income for the quarter stood at $53.52 million, reflecting the impact of the lower earnings and revenue figures.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Merchants Bancorp Shares Tumble as Q3 Earnings Disappoint</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Merchants Bancorp Shares Tumble as Q3 Earnings Disappoint\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-29 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Merchants Bancorp (MBIN) plummeted 6.17% on Monday, October 29, after the company reported disappointing third-quarter earnings results.</p>\n\n<p>The Midwest-based bank holding company reported adjusted earnings per share of $1.17 for the quarter ended September 30, 2024, missing analysts' average estimate of $1.42. The company's revenue also declined 4.6% year-over-year to $142.67 million, falling short of Wall Street's expectations of $159.70 million.</p>\n\n<p>Merchants Bancorp's weaker-than-expected financial performance in the third quarter can be attributed to several factors, including the challenging economic environment and increased competition in the banking sector. The company's net income for the quarter stood at $53.52 million, reflecting the impact of the lower earnings and revenue figures.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MBIN","symbol_name":"Merchants Bancorp","start_time":0,"source_url":"","article_id":"1145663821","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145663821","pubTimestamp":1730208758,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Merchants Bancorp  plummeted 6.17% on Monday, October 29, after the company reported disappointing third-quarter earnings results.The Midwest-based bank holding company reported adjusted earnings per share of $1.17 for the quarter ended September 30, 2024, missing analysts' average estimate of $1.42. The company's revenue also declined 4.6% year-over-year to $142.67 million, falling short of Wall Street's expectations of $159.70 million.Merchants Bancorp's weaker-than-expected financia","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MBIN":"Merchants Bancorp"},"translate_title":"股票追踪招商银行股价因第三季度盈利令人失望而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBIN":1},"content_text":"Shares of Merchants Bancorp (MBIN) plummeted 6.17% on Monday, October 29, after the company reported disappointing third-quarter earnings results.\nThe Midwest-based bank holding company reported adjusted earnings per share of $1.17 for the quarter ended September 30, 2024, missing analysts' average estimate of $1.42. 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