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Dec 31, 2019
Merchants Bank Q4 2019 Earnings Report
Reported record full year and fourth quarter results.
Key Takeaways
Merchants Bancorp reported a significant increase in net income for Q4 2019, driven by growth in net interest income and gain on sale of loans. Total assets and deposits also saw substantial increases compared to the previous year.
Net income increased by 95% compared to Q4 2018, reaching $30.1 million, or $0.92 per common share.
Net interest income increased by 56% due to growth in mortgage warehouse loans.
Gain on sale of loans increased by 31% due to higher growth in multi-family loans.
Total assets grew by 64% compared to December 31, 2018, reaching $6.4 billion.
Revenue by Segment
Forward Guidance
The Company did not provide specific forward guidance but expressed optimism about meeting customer and community needs, achieving growth and profit goals, and providing enhanced shareholder value in 2020.
Positive Outlook
- Business model allows profitable operation across various interest rate environments.
- Top-notch team in place.
- Model will continue to meet customer and community needs.
- Commitment to achieve growth and profit goals.
- Aims to provide enhanced shareholder value.
Challenges Ahead
- No specific negative factors were mentioned in the provided text.
- Forward-looking statements are subject to risks, assumptions, estimates and uncertainties.
- Actual results may differ materially from expectations.
- Factors identified in "Risk Factors" in the Annual Report on Form 10-K could cause actual results to differ.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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