Earnings summaries and quarterly performance for Merchants Bancorp.
Executive leadership at Merchants Bancorp.
Michael Petrie
Detailed
Chairman and Chief Executive Officer
CEO
DT
Darin Thomas
Detailed
Chief Accounting Officer
JK
Jerry Koors
Detailed
President – Merchants Mortgage
KL
Kevin Langford
Detailed
Chief Administrative Officer
MS
Martin Schroeter
Detailed
President – Warehouse Lending
MD
Michael Dunlap
Detailed
President and Chief Operating Officer
MD
Michael Dury
Detailed
President and Chief Executive Officer, Merchants Capital
SE
Scott Evans
Detailed
Chief Operating Officer, Merchants Bank
SS
Sean Sievers
Detailed
Chief Financial Officer
TO
Terry Oznick
Detailed
General Counsel
Board of directors at Merchants Bancorp.
Research analysts covering Merchants Bancorp.
Recent press releases and 8-K filings for MBIN.
Merchants Bancorp Announces Q3 2025 Results
MBIN
Earnings
Revenue Acceleration/Inflection
- Merchants Bancorp reported net income of $54.7 million and diluted earnings per common share of $0.97 for the third quarter of 2025. This represents a 44% increase in net income and a 62% increase in diluted EPS compared to the second quarter of 2025.
- Total assets reached a record-high of $19.4 billion as of September 30, 2025, reflecting a 1% increase from June 30, 2025.
- Core deposits grew by 12% to $12.8 billion compared to June 30, 2025, and now account for 92% of total deposits.
- Tangible book value per common share reached a record-high of $36.31 as of September 30, 2025, an increase of 3% from the second quarter of 2025 and 12% from the third quarter of 2024.
- The company's financial performance was bolstered by a 45% decrease in the total provision for credit losses compared to Q2 2025, and a 47% increase in gain on sale of loans compared to Q3 2024.
Oct 28, 2025, 8:10 PM
Merchants Bancorp Reports Third Quarter 2025 Results
MBIN
Earnings
New Projects/Investments
- Merchants Bancorp reported net income of $54.7 million and diluted earnings per common share of $0.97 for the third quarter of 2025.
- Total assets reached a record high of $19.4 billion as of September 30, 2025.
- Tangible book value per common share also reached a record high of $36.31, an increase of 12% compared to the third quarter of 2024.
- The total provision for credit losses decreased 45%, or $23.8 million, compared to the third quarter of 2024.
- Core deposits increased to $12.8 billion, representing 92% of total deposits, and grew 12% compared to June 30, 2025.
Oct 28, 2025, 8:05 PM
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