Quarterly ResultJul 28, 2026, 04:08 PM
Merchants Bancorp Q2 Net Income $78.3M (+106%); EPS $1.48 (+147%)
AI Summary
Merchants Bancorp reported strong second-quarter 2026 results, with net income increasing 106% year-over-year to $78.3 million and diluted EPS rising 147% to $1.48. The company achieved new highs in total assets, reaching $21.2 billion, and tangible book value per common share at $39.93. Asset quality improved significantly, marked by decreases in criticized loans, nonperforming loans, and a substantial reduction in the provision for credit losses.
Key Highlights
- Net income increased 106% to $78.3 million compared to Q2 2025.
- Diluted earnings per common share rose 147% to $1.48 compared to Q2 2025.
- Total assets reached a new high of $21.2 billion, up 9% from December 31, 2025.
- Tangible book value per common share hit $39.93, up 13% from June 30, 2025.
- Criticized loans decreased 12% to $444.7 million from March 31, 2026.
- Nonperforming loans decreased 17% to $205.6 million from March 31, 2026.
- Provision for credit losses decreased 83% to $9.2 million compared to Q2 2025.
- Total deposits increased 10% to $14.3 billion from March 31, 2026.
Price Impact
More from MBIN