Merchants Bancorp (MBIN) Reports Q2: Everything You Need To Know Ahead Of Earnings

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Diversified bank holding company Merchants Bancorp (NASDAQCM:MBIN) will be reporting results this Tuesday after the bell. Here’s what to look for.

Merchants Bancorp met analysts’ revenue expectations last quarter, reporting revenues of $175.2 million, up 20.1% year on year. It was a slower quarter for the company, with a miss of analysts’ net interest income estimates and tangible book value per share in line with analysts’ estimates.

Is Merchants Bancorp a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Merchants Bancorp’s revenue to grow 1.4% year on year, slowing from the 12.4% increase it recorded in the same quarter last year.

Merchants Bancorp Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Merchants Bancorp has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Merchants Bancorp’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. OFG Bancorp delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 3.9%, and Hilltop Holdings reported revenues up 7.5%, topping estimates by 3.4%. OFG Bancorp traded up 4.2% following the results while Hilltop Holdings was also up 3%.

Read our full analysis of OFG Bancorp’s results here and Hilltop Holdings’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices flat over the last month. Merchants Bancorp is down 5.3% during the same time and is heading into earnings with an average analyst price target of $53.50 (compared to the current share price of $47.69).

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