MBIN
Merchants Bancorp36.80
+0.08+0.22%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.69BP/E (TTM)
8.46Basic EPS (TTM)
4.35Dividend Yield
0.01%Recent Filings
8-K
Dividends declared for Q4
Merchants Bancorp declared quarterly cash dividends on November 19, 2025: $0.10 per common share, $0.375 per Series C depositary share, $0.5156 per Series D, and $0.4765 per Series E. Payable January 2, 2026, to holders of record December 15. Steady payouts signal confidence. No changes from prior quarters disclosed.
10-Q
Q3 FY2025 results
Merchants Bancorp posted Q3 net income of $54.7M, down 11% y/y, with diluted EPS at $0.97 (down 17%). Net interest income fell to $128.1M (-3.6% y/y) amid a 17bp NIM squeeze to 2.82%, yet deposits swelled 17% ytd to $13.9B (92% core). Provision for credit losses jumped to $29.2M (derived, +324% y/y) on multi-family charge-offs and fraud probes, pushing ACL-loans to 0.88% of loans. Gain on loan sales climbed 47% y/y to $24.7M on higher multi-family volume. Borrowings dropped 34% ytd to $2.9B; cash equivalents rose 25%. Warehousing funded $17.4B (+33% y/y). Banking MOU curbs concentrations. Multi-family delinquencies tick up.
8-K
Q3 net income $54.7M, assets record $19.4B
Merchants Bancorp posted Q3 2025 net income of $54.7M, down 11% from Q3 2024 yet up 44% from Q2 2025, fueled by 45% lower credit provisions and 47% higher loan sale gains. Total assets hit record $19.4B; core deposits surged 12% to $12.8B (92% of total). Credit quality improved—special mention loans fell 9% to $155.7M. Executed $557M healthcare loan credit default swap September 17.
8-K
Dividends declared
Merchants Bancorp declared quarterly cash dividends on August 21, 2025: $0.10 per common share, $0.375 per Series C depositary share, $0.5156 per Series D, and $0.4765 per Series E. Payable October 1 to September 15 record holders. Steady payouts signal confidence. No changes from prior quarters disclosed.
10-Q
Q2 FY2025 results
Merchants Bancorp posted Q2 net income of $38M, down 50% y/y from $76M as provision for credit losses surged to $53M (derived, up 432% y/y) on multi-family appraisal declines and fraud probes, while net interest income held flat at $129M. Diluted EPS fell to $0.60 from $1.49, reconciling to 45.9M shares; Banking segment bore the provision hit but gain on loan sales jumped 109% y/y to $23M on $373M Freddie Mac securitization. Core deposits hit record 90% of total at $11.4B, brokered CDs plunged 50% y/y, cash swelled 36% to $647M, and unused FHLB/Fed lines reached $5B. Redeemed $125M Series B preferred. Loans past due stabilized at 3%. Multi-family delinquencies pressure asset quality.
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