Merchants Bancorp reports record FY 2023 net income of $279.2M; Q4 EPS $1.58 up 41% YoY

Merchants Bancorp

2023-FY EPS reported $5.64

Full year net income $279.2M (record), up 27% vs 2022; diluted EPS $5.64 (record), up 26%.
Q4 net income $77.5M, up 36% YoY; diluted EPS $1.58, up 41% YoY.
Total assets $17.0B (record), up 34% YoY; loans receivable $10.1B, up 36% YoY.
Net interest margin 3.05% in Q4, up 6 bps from Q3 2023; efficiency ratio 33.1%.
Completed sale of several Illinois bank branches on Jan 26, 2024 after regulatory approval.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Merchants Bancorp reported the fourth quarter and full fiscal year 2023 results: net income $279.2 million, EPS $5.64.

Period: the fourth quarter and full fiscal year 2023
Net income: $279.2 million
EPS: $5.64
Result: reported results

Exact text from the filing

On January 29, 2024, Merchants Bancorp issued a press release reporting its financial results for the fourth quarter and full fiscal year 2023.

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Source: SEC EDGAR

accession 0001104659-24-007716

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