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Merchants Bancorp  (MBIN)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

MBIN's Net Income Growth by Quarter and Year

Merchants Bancorp's Net Income results by quarter and year




MBIN Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 77.47 57.14 55.20 59.79
III Quarter September 81.50 58.49 58.50 55.00
II Quarter June 65.30 53.94 51.42 41.16
I Quarter March 54.96 50.14 61.98 24.58
FY   279.23 219.71 227.10 180.53



MBIN Net Income fourth quarter 2023 Y/Y Growth Comment
Merchants Bancorp reported Net Income improvement of 35.58% year on year in the fourth quarter 2023, to $ 77.47 millions, this is lower than Merchants Bancorp's recent average Net Income improvement of 37.82%.

Looking into fourth quarter 2023 results within Regional Banks industry 28 other companies have achieved higher Net Income growth. While Merchants Bancorp' s Net Income rise of 35.58% ranks overall at the positon no. 708 in the fourth quarter 2023.




MBIN Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 35.58 % 3.51 % -7.68 % 98.9 %
III Quarter September 39.34 % -0.02 % 6.36 % 171.47 %
II Quarter June 21.06 % 4.9 % 24.93 % 150.36 %
I Quarter March 9.61 % -19.1 % 152.16 % 132.54 %
FY   27.09 % -3.25 % 25.8 % 133.45 %

Financial Statements
Merchants Bancorp's fourth quarter 2023 Net Income $ 77.47 millions MBIN's Income Statement
Merchants Bancorp's fourth quarter 2022 Net Income $ 57.14 millions Quarterly MBIN's Income Statement
New: More MBIN's historic Net Income Growth >>


MBIN Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -4.94 % -2.31 % -5.64 % 8.71 %
III Quarter September 24.81 % 8.44 % 13.77 % 33.62 %
II Quarter June 18.81 % 7.58 % -17.04 % 67.45 %
I Quarter March -3.82 % -9.17 % 3.66 % -18.23 %
FY (Year on Year)   27.09 % -3.25 % 25.8 % 133.45 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #29
Financial Sector #148
Overall #708

Net Income Y/Y Growth Statistics
High Average Low
138.59 % 37.82 % -6.01 %
(Mar 31 2021)  
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #29
Financial Sector #148
Overall #708
Net Income Y/Y Growth Statistics
High Average Low
138.59 % 37.82 % -6.01 %
(Mar 31 2021)  

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Merchants Bancorp's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
67.44 % 13.31 % -18.22 %
(Jun 30 2020)  


MBIN's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Merchants Bancorp realized fall in Net Income from the third quarter by -4.94% to $ 77.47 millions, from $ 81.50 millions released a quarter before.

If you look into current downturn in the quarter, you should take into consideration, that commonly IV. Quarter performance occur weaker then in the preciding period, Minna Magnusson, Financial sector expert located in Frankfurt mentioned.

Within Regional Banks industry 29 other companies have achieved higher Net Income quarter on quarter growth. While Merchants Bancorp's Net Income growth quarter on quarter, overall rank is 722.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #30
Financial Sector #164
Overall #722
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #30
Financial Sector #164
Overall #722
Net Income Q/Q Growth Statistics
High Average Low
67.44 % 13.31 % -18.22 %
(Jun 30 2020)  


MBIN's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Merchants Bancorp reported fall in Net Income from the previous quarter by -4.94% to $ 77.47 millions, from $ 81.50 millions achived a quarter before.

As we look into recent slump in the IV. Quarter 2023, we suppose to presume, that commonly IV. Quarter 2023 results appear to be weaker in contrast to the quarter before, Minna Magnusson, Financial sector expert located in Frankfurt mentioned.

Within Regional Banks industry 29 other companies have achieved higher Net Income quarter on quarter growth. While Merchants Bancorp's Net Income growth quarter on quarter, overall rank is 722.


Merchants Bancorp's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 279.23 $ 258.90 $ 235.89 $ 224.52 $ 219.71
Y / Y Net Income Growth (TTM) 27.09 % 18.89 % 8.31 % 4.3 % -3.26 %
Year on Year Net Income Growth Overall Ranking # 841 # 987 # 1508 # 552 # 359
Seqeuential Net Income Change (TTM) 7.85 % 9.76 % 5.06 % 2.19 % 0.89 %
Seq. Net Income Growth (TTM) Overall Ranking # 778 # 869 # 1435 # 944 # 959




Cumulative Net Income growth Comment
Although Merchants Bancorp's Annual Net Income growth year on year were below company's average 37.82% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 27.09% year on year, from 18.89% in Sep 30 2023.

In the Financial sector 192 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 841, from total ranking in previous quarter at 987.

Net Income TTM Q/Q Growth Statistics
High Average Low
138.59 %
37.82 %
-6.01 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 41
Financial Sector # 193
Overall # 841

Net Income TTM Y/Y Growth Statistics
High Average Low
138.59 %
37.82 %
-6.01 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 41
Sector # 171
S&P 500 # 778
Cumulative Net Income growth Comment
Although Merchants Bancorp's Annual Net Income growth year on year were below company's average 37.82% , Net Income announced in the Dec 31 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 27.09% year on year, from 18.89% in Sep 30 2023.

In the Financial sector 192 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 841, from total ranking in previous quarter at 987.

Net Income TTM Q/Q Growth Statistics
High Average Low
138.59 %
37.82 %
-6.01 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 41
Financial Sector # 193
Overall # 841

Net Income TTM Y/Y Growth Statistics
High Average Low
138.59 %
37.82 %
-6.01 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 41
Sector # 171
S&P 500 # 778




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
MBIN's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for MBIN's Competitors
Net Income Growth for Merchants Bancorp's Suppliers
Net Income Growth for MBIN's Customers

You may also want to know
MBIN's Annual Growth Rates MBIN's Profitability Ratios MBIN's Asset Turnover Ratio MBIN's Dividend Growth
MBIN's Roe MBIN's Valuation Ratios MBIN's Financial Strength Ratios MBIN's Dividend Payout Ratio
MBIN's Roa MBIN's Inventory Turnover Ratio MBIN's Growth Rates MBIN's Dividend Comparisons



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Merchants Bancorp35.58%$ 35.582 millions
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