• Merchants Bancorp MBIN.OQ reported quarterly adjusted earnings of 97 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.17. The mean expectation of three analysts for the quarter was for earnings of 79 cents per share. Wall Street expected results to range from 74 cents to 86 cents per share.

• Revenue rose 19.9% to $171.07 million from a year ago; analysts expected $163.90 million.

• Merchants Bancorp's reported EPS for the quarter was 97 cents​.

• The company reported quarterly net income of $44.44 million.

• Merchants Bancorp shares had risen by 1.8% this quarter and lost 11.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 10.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Merchants Bancorp is $40.00, about 19.1% above its last closing price of $32.36

This summary was machine generated from LSEG data October 28 at 08:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)