Earnings ·
Merchants Bancorp reported second quarter 2026 net income of $78.3 million, or diluted earnings per share of $1.48…
MBINMerchants Bancorp
Merchants Bancorp reported second quarter 2026 net income of $78.3 million, or diluted earnings per share of $1.48, representing a 106% increase from $38.0 million in the prior year period. Total assets reached a record $21.2 billion, while tangible book value per common share rose 13% to $39.93. The provision for credit losses decreased 83% to $9.2 million, reflecting improved asset quality with criticized loans declining 12% to $444.7 million and nonperforming loans falling 17% to $205.6 million. Net interest income increased 6% to $136.5 million, supported by an 8% growth in loans receivable to $12.3 billion. The company operates in the banking and financial services industry, providing multi-family mortgage banking, mortgage warehousing, and community banking services.