BUZZ-Merchants Bancorp falls from record on stock offering

Reuters05-14

** Merchants Bancorp's shares down 9.7% at $43 in extended trading as it seeks equity raise

** MBIN rose for 11th straight session on Mon, finishing up 0.4% at $47.61, a fresh record high close

** Carmel, Indiana-based commercial and residential mortgage finance bank after the bell announces 2.4 mln share offering

** It plans to use net proceeds for general purposes, including to support balance sheet growth

** Morgan Stanley lead bookrunner, joined by Piper Sandler and Eaymond James

** As of Mar 31, Merchants had $17.8 bln in assets and $14 bln in deposits

** It has ~43.35 mln shares outstanding for roughly $2.1 bln market cap

** YTD, shares up 12% YTD. Stock was trading around $23 a year ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2435250300?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-14 04:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2435250300","market":"us","top_or_hot":-1,"title":"BUZZ-Merchants Bancorp falls from record on stock offering","media":"Reuters","content":"<html><body><p>** <a href=\"https://laohu8.com/S/MBIN\">Merchants Bancorp</a>'s    shares down 9.7% at $43 in extended trading as it seeks equity raise</p><p>   ** MBIN rose for 11th straight session on Mon, finishing up 0.4% at $47.61, a fresh record high close</p><p>   ** Carmel, Indiana-based commercial and residential mortgage finance bank after the bell announces 2.4 mln share offering</p><p>   ** It plans to use net proceeds for general purposes, including to support balance sheet growth</p><p>   ** <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> lead bookrunner, joined by Piper Sandler and Eaymond James</p><p>   ** As of Mar 31, Merchants had $17.8 bln in assets and $14 bln in deposits</p><p>   ** It has ~43.35 mln shares outstanding for roughly $2.1 bln market cap</p><p>   ** YTD, shares up 12% YTD. Stock was trading around $23 a year ago</p><p> (Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Merchants Bancorp falls from record on stock offering</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Merchants Bancorp falls from record on stock offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-14 04:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Merchants Bancorp's    shares down 9.7% at $43 in extended trading as it seeks equity raise   ** MBIN rose for 11th straight session on Mon, finishing up 0.4% at $47.61, a fresh record high close  ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4195","symbol_name":"互助储蓄与抵押信贷金融服务","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2435250300","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435250300","pubTimestamp":1715633716,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Merchants Bancorp's    shares down 9.7% at $43 in extended trading as it seeks equity raise   ** MBIN rose for 11th straight session on Mon, finishing up 0.4% at $47.61, a fresh record high close   ** Carmel, Indiana-based commercial and residential mortgage finance bank after the bell announces 2.4 mln share offering   ** It plans to use net proceeds for general purposes, including to support balance sheet growth   ** Morgan Stanley lead bookrunner, joined by Piper Sandler and Eaymond James   ** As of Mar 31, Merchants had $17.8 bln in assets and $14 bln in deposits   ** It has ~43.35 mln shares outstanding for roughly $2.1 bln market cap   ** YTD, shares up 12% YTD. Stock was trading around $23 a year ago ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4195":"互助储蓄与抵押信贷金融服务","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4588":"碎股","BUZZ":"VanEck Social Sentiment ETF","LU0971096721.USD":"富达环球金融服务 A","BK4504":"桥水持仓","BK4581":"高盛持仓","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4127":"投资银行业与经纪业","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","PIPR":"派杰投资","MBIN":"Merchants Bancorp","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4229":"商业和住宅抵押贷款融资","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1"},"translate_title":"BUZZ-Merchants Bancorp股价跌至创纪录水平","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUZZ":1,"PIPR":0.9,"MBIN":0.9},"content_text":"** Merchants Bancorp's    shares down 9.7% at $43 in extended trading as it seeks equity raise   ** MBIN rose for 11th straight session on Mon, finishing up 0.4% at $47.61, a fresh record high close   ** Carmel, Indiana-based commercial and residential mortgage finance bank after the bell announces 2.4 mln share offering   ** It plans to use net proceeds for general purposes, including to support balance sheet growth   ** Morgan Stanley lead bookrunner, joined by Piper Sandler and Eaymond James   ** As of Mar 31, Merchants had $17.8 bln in assets and $14 bln in deposits   ** It has ~43.35 mln shares outstanding for roughly $2.1 bln market cap   ** YTD, shares up 12% YTD. Stock was trading around $23 a year ago (Lance Tupper is a Reuters market analyst. The views expressed are his own)((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435250300"}