Merchants Bancorp Q2 FY26 net income more than doubles to $78.3 million; diluted EPS climbs 147% to $1.48

Reuters2026/08/07 20:14

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Merchants Bancorp Q2 net income more than doubled to $78.3 million, lifted by an 83% drop in provision for credit losses to $9.2 million.
Diluted EPS climbed to $1.48, up 147%; efficiency ratio improved to 40.2% from 43.16% a year earlier.
Total assets rose 9% from Dec. 31 to $21.2 billion; loans receivable, net, increased 12% to $12.3 billion.
Core deposits grew 15% from year-end to $13 billion; brokered deposits fell 26% to $1.3 billion.
Warehouse loan funding volume increased 41% year over year to $22.9 billion; a $169.9 million loan-pool credit default swap was executed in June.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Merchants Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-092702), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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