Merchants Bancorp

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.

Merchants Bancorp announced quarterly cash dividends for its common and various preferred stocks, payable on July 1, 2026, to shareholders of record on June 15, 2026. The company also held its Annual Meeting of Shareholders, where all twelve director nominees were elected, the advisory vote on executive compensation passed, and the appointment of Forvis Mazars, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Merchants Bancorp reported Q1 2026 net income of $67.7 million, a 16% increase year-over-year, and diluted EPS of $1.25, up 34% from Q1 2025. The company achieved record-high total assets of $20.3 billion and a record tangible book value per common share of $38.55. Asset quality continued to stabilize, with criticized loans decreasing, and the Memorandum of Understanding with the FDIC and IDFI was terminated.