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Mar 31, 2021
Merchants Bank Q1 2021 Earnings Report
Reported first quarter earnings with record quarterly earnings and recognition as a top-performing bank.
Key Takeaways
Merchants Bancorp reported a strong first quarter in 2021, achieving record quarterly earnings of $2.02 per share. The company was also recognized as the 3rd best-performing bank in the nation by S&P Global. Net income increased significantly due to growth in multi-family and mortgage warehouse loans, as well as an increase in loan servicing fees.
Reported record quarterly earnings of $2.02 per share.
Named the 3rd best performing bank in the nation by S&P Global.
Net income increased due to growth in multi-family and mortgage warehouse loans.
Loan servicing fees increased due to a positive fair market value adjustment to mortgage servicing rights.
Merchants Bank
Merchants Bank
Forward Guidance
This press release contains forward-looking statements which reflect management’s current views with respect to, among other things, future events and financial performance.