Merchants Bank Earnings Reports

Merchants Bancorp's Q2 2025 performance saw net income fall to $38 million, mainly due to a sharp rise in provisions for credit losses linked to multi-family mortgage issues. Despite this, gains from loan sales and asset management fees improved significantly.

Merchants Bancorp reported a net income of $58.2 million for the first quarter of 2025, a significant decrease compared to both the first and fourth quarters of 2024. Diluted earnings per common share also fell to $0.93. The decline was attributed to market uncertainty delaying loan closings and conversions, unfavorable fair market value adjustments to servicing rights and derivatives, and a decrease in noninterest income.

Merchants Bancorp reported a net income of $95.7 million for Q4 2024, representing $1.85 diluted earnings per share. The company's total assets reached $18.8 billion, and tangible book value per share increased by 25% to $34.15. The increase in net income was primarily driven by increases in noninterest income and net interest income.

Merchants Bancorp reported Q3 2024 net income of $61.3 million, a decrease compared to both Q3 2023 and Q2 2024. Despite this, the company's total assets reached $18.7 billion, and tangible book value increased by 25% year-over-year. The company executed a credit risk transfer transaction through the securitization of $629 million in healthcare loans.

Merchants Bancorp reported a strong second quarter in 2024, marked by a record $18.2 billion in assets and a record-high tangible book value of $31.27 per share. Net income for the quarter was $76.4 million, or $1.49 per diluted share, compared to $65.3 million, or $1.31 per diluted share, for the same period last year.

Merchants Bancorp reported a strong start to 2024, achieving record quarterly earnings. Net income increased by 58% compared to the same period in 2023, driven by loan growth and an increase in net interest income. Total assets reached nearly $18 billion.

Merchants Bancorp reported a net income of $77.5 million for Q4 2023, an increase of 36% compared to Q4 2022. The growth was primarily driven by a 30% increase in net interest income. Total assets reached $17.0 billion, a 34% increase year-over-year.

Merchants Bancorp reported a net income of $81.5 million for Q3 2023, a 39% increase compared to Q3 2022, driven by a 38% increase in net interest income. The company achieved record earnings and asset levels during the quarter.

Merchants Bancorp reported a strong second quarter in 2023, with a net income of $65.3 million and diluted earnings per share of $1.31. The company saw significant growth in total assets and deposits, driven by increases in mortgage warehouse, multi-family, and healthcare loan portfolios. The company effectively managed expenses and capital, maintaining a solid expense ratio and return on average assets.

Merchants Bancorp reported a strong first quarter in 2023, with a net income of $55.0 million and diluted earnings per share of $1.07. The company saw growth in net interest income, driven by higher yields and average balances on loans and loans held for sale, as well as new balances of securities held to maturity. Total assets reached $14.2 billion, reflecting significant growth in the multi-family and healthcare loan portfolios.

Merchants Bancorp reported a net income of $58.5 million, or $1.22 diluted earnings per common share, for Q3 2022. The company's performance was driven by a 24% increase in net interest income, which offset decreases in noninterest income and increases in noninterest expenses.

Merchants Bancorp reported a net income of $53.9 million for Q2 2022, an increase compared to both Q2 2021 and Q1 2022. The company highlighted its successful capital management, industry-leading return on average assets, and efficiency ratio.

Merchants Bancorp reported a net income of $50.1 million for Q1 2022, a decrease compared to both Q1 2021 and Q4 2021. The decrease was primarily driven by lower noninterest income and net interest income, reflecting declines in gain on sale of loans and lower loan balances.

Merchants Bancorp reported a net income of $55.2 million for Q4 2021, a decrease compared to both Q4 2020 and Q3 2021. While total assets and deposits increased, the net income was impacted by higher noninterest expenses, particularly salaries and employee benefits.

Merchants Bancorp reported a strong third quarter with net income of $58.5 million, driven by growth in net interest income and noninterest income. Total assets surpassed $10 billion, and the company effectively managed capital while expanding its customer base.

Merchants Bancorp reported a net income of $51.4 million for Q2 2021, an increase compared to Q2 2020. The increase was driven by a rise in net interest income, reflecting a decrease in the cost of deposits and an increase in interest income from higher loan balances. The company reached its highest asset levels, with $9.9 billion in total assets.

Merchants Bancorp reported a strong first quarter in 2021, achieving record quarterly earnings of $2.02 per share. The company was also recognized as the 3rd best-performing bank in the nation by S&P Global. Net income increased significantly due to growth in multi-family and mortgage warehouse loans, as well as an increase in loan servicing fees.

Merchants Bancorp reported a strong fourth quarter with net income increasing by 99% compared to the same period last year, driven by growth in net interest income and gain on sale of loans. The company's investments in technology, talent, and synergistic businesses, along with conservative underwriting, allowed it to capitalize on historically low interest rates.

Merchants Bancorp reported a significant increase in net income for Q3 2020, driven by growth in mortgage warehouse loans and increased gain on sale of loans. The company's net income reached $55.0 million, or $1.79 per common share, compared to $20.3 million, or $0.60 per common share, in Q3 2019.

Merchants Bancorp reported a record second quarter with net income of $41.2 million, or $1.31 per common share, driven by significant growth in mortgage warehouse loans and single-family mortgages.

Merchants Bancorp reported a net income of $24.6 million, or $0.73 per common share, for the first quarter of 2020. The increase in net income was primarily driven by a significant increase in gain on sale of loans and net interest income.

Merchants Bancorp reported a significant increase in net income for Q4 2019, driven by growth in net interest income and gain on sale of loans. Total assets and deposits also saw substantial increases compared to the previous year.