BUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says

Reuters

Nov 20, 2024

BUZZ-<a href="https://laohu8.com/S/MBIN">Merchants Bancorp</a> building capital with $230 mln preferred stock offering, Raymond James says

** Raymond James says regional lender Merchants Bancorp's MBIN.O recent perpetual preferred stock offering does not reflect credit stress within its loan portfolio, but rather management's preference to build capital given the continuation of robust balance sheet growth

** MBIN on Monday priced a $230 mln perpetual preferred stock offering selling 9.2 mln depositary shares

** Bank expects to use the proceeds to redeem preferred stock and for general corporate purposes, including to support balance sheet growth

** Brokerage says the refinancing and incremental increase in capital is a component of a fast-growing bank, which it expects to continue

** Offering enhances total capital levels by ~63 basis points, continuing to strengthen capital and providing balance sheet flexibility for growth - Raymond James

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2484194662"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2484194662\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2484194662?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-20 19:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484194662","market":"us","top_or_hot":-1,"title":"BUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/MBIN\">Merchants Bancorp</a> building capital with $230 mln preferred stock offering, Raymond James says</title></head><body><p>** Raymond James says regional lender <a href=\"https://laohu8.com/S/MBINN\">Merchants Bancorp</a>'s <span>MBIN.O</span> recent perpetual preferred stock offering does not reflect credit stress within its loan portfolio, but rather management's preference to build capital given the continuation of robust balance sheet growth</p><p>** MBIN on Monday priced a $230 mln perpetual preferred stock offering selling 9.2 mln depositary shares</p><p>** Bank expects to use the proceeds to redeem preferred stock and for general corporate purposes, including to support balance sheet growth</p><p>** Brokerage says the refinancing and incremental increase in capital is a component of a fast-growing bank, which it expects to continue</p><p>** Offering enhances total capital levels by ~63 basis points, continuing to strengthen capital and providing balance sheet flexibility for growth - Raymond James </p><p> (Reporting by Arasu Kannagi Basil in Bengaluru)</p><p> ((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>","source":null,"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>BUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says</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\">\nBUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-11-20 19:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/MBIN\">Merchants Bancorp</a> building capital with $230 mln preferred stock offering, Raymond James says</title></head><body><p>** Raymond James says regional lender <a href=\"https://laohu8.com/S/MBINN\">Merchants Bancorp</a>'s <span>MBIN.O</span> recent perpetual preferred stock offering does not reflect credit stress within its loan portfolio, but rather management's preference to build capital given the continuation of robust balance sheet growth</p><p>** MBIN on Monday priced a $230 mln perpetual preferred stock offering selling 9.2 mln depositary shares</p><p>** Bank expects to use the proceeds to redeem preferred stock and for general corporate purposes, including to support balance sheet growth</p><p>** Brokerage says the refinancing and incremental increase in capital is a component of a fast-growing bank, which it expects to continue</p><p>** Offering enhances total capital levels by ~63 basis points, continuing to strengthen capital and providing balance sheet flexibility for growth - Raymond James </p><p> (Reporting by Arasu Kannagi Basil in Bengaluru)</p><p> ((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\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":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241120:nL4N3MR0O5:1","article_id":"2484194662","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484194662","pubTimestamp":1732103123,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says** Raymond James says regional lender Merchants Bancorp's MBIN.O recent perpetual preferred stock offering does not reflect credit stress within its loan portfolio, but rather management's preference to build capital given the continuation of robust balance sheet growth** MBIN on Monday priced a $230 mln perpetual preferred stock offering selling 9.2 mln depositary shares** Bank expects to use the proceeds to redeem preferred stock and for general corporate purposes, including to support balance sheet growth** Brokerage says the refinancing and incremental increase in capital is a component of a fast-growing bank, which it expects to continue** Offering enhances total capital levels by ~63 basis points, continuing to strengthen capital and providing balance sheet flexibility for growth - Raymond James   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MBIN":"Merchants Bancorp","BK4195":"互助储蓄与抵押信贷金融服务","BK4229":"商业和住宅抵押贷款融资"},"translate_title":"雷蒙德·詹姆斯(Raymond James)表示，Buzz Merchants Bancorp通过发行2.3亿美元优先股来积累资本","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBIN":0.9},"content_text":"BUZZ-Merchants Bancorp building capital with $230 mln preferred stock offering, Raymond James says** Raymond James says regional lender Merchants Bancorp's MBIN.O recent perpetual preferred stock offering does not reflect credit stress within its loan portfolio, but rather management's preference to build capital given the continuation of robust balance sheet growth** MBIN on Monday priced a $230 mln perpetual preferred stock offering selling 9.2 mln depositary shares** Bank expects to use the proceeds to redeem preferred stock and for general corporate purposes, including to support balance sheet growth** Brokerage says the refinancing and incremental increase in capital is a component of a fast-growing bank, which it expects to continue** Offering enhances total capital levels by ~63 basis points, continuing to strengthen capital and providing balance sheet flexibility for growth - Raymond James  (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}