For the quarter ended March 2025, Merchants Bancorp (MBIN) reported revenue of $145.89 million, down 13.1% over the same period last year. EPS came in at $0.93, compared to $1.80 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $167.04 million, representing a surprise of -12.66%. The company delivered an EPS surprise of -25.60%, with the consensus EPS estimate being $1.25.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Merchants Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Efficiency Ratio: 42.3% versus the three-analyst average estimate of 38%.
• Net interest margin: 2.9% versus 3% estimated by three analysts on average.
• Average Earning Assets: $17.14 billion versus the three-analyst average estimate of $18.15 billion.
• Tier I capital/risk-weighted assets Ratio: 12.4% versus the two-analyst average estimate of 12%.
• Total capital/risk-weighted assets Ratio: 13% versus 12.9% estimated by two analysts on average.
• Loan servicing fees (costs), net: $4.01 million versus $3.17 million estimated by three analysts on average.
• Syndication and asset management fees: $3.39 million compared to the $5.08 million average estimate based on three analysts.
• Other income: $3.16 million versus $4.80 million estimated by three analysts on average.
• Mortgage warehouse fees: $1.51 million compared to the $1.24 million average estimate based on three analysts.
• Total Noninterest Income: $23.69 million compared to the $34.95 million average estimate based on three analysts.
• Gain on Sale of Loans: $11.62 million versus $20.67 million estimated by three analysts on average.
• Net Interest Income: $122.20 million versus $132.11 million estimated by three analysts on average.

View all Key Company Metrics for Merchants Bancorp here>>>

Shares of Merchants Bancorp have returned -12.4% over the past month versus the Zacks S&P 500 composite's -4.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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