Merchants Bancorp Pref Share MBINN 6 Perp 04/01/26 C | 8-K: FY2025 Q2 EPS: USD 0.6

LB filings
2025.07.28 20:31
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EPS: As of FY2025 Q2, the actual value is USD 0.6.

EBIT: As of FY2025 Q2, the actual value is USD 48.84 M.

Net Income

  • Second quarter 2025 net income was $38.0 million, a decrease of $38.4 million compared to the second quarter of 2024 and a decrease of $20.3 million compared to the first quarter of 2025.

Provision for Credit Losses

  • The provision for credit losses increased by $43.1 million, or 432%, compared to the second quarter of 2024, and by $45.3 million, or 586%, compared to the first quarter of 2025.

Noninterest Income

  • Noninterest income increased by $19.1 million, or 61%, compared to the second quarter of 2024, driven by a $12.2 million, or 109%, increase in gain on sale of loans and a $6.5 million, or 200%, increase in syndication and asset management fees.

Noninterest Expense

  • Noninterest expense increased by $27.0 million, or 54%, compared to the second quarter of 2024, primarily due to a $15.2 million increase in salaries and employee benefits and a $7.1 million increase in other expenses related to taxes, insurance, and legal fees.

Total Assets

  • Total assets as of June 30, 2025, were $19.1 billion, an increase of 2% compared to March 31, 2025, and December 31, 2024.

Loans Receivable

  • Loans receivable were $10.4 billion, net of allowance for credit losses, an increase of $88.4 million, or 1%, compared to March 31, 2025, and an increase of $78.1 million compared to December 31, 2024.

Core Deposits

  • Core deposits were $11.4 billion, an increase of $744.6 million, or 7%, compared to March 31, 2025, and an increase of $2.0 billion, or 22%, compared to December 31, 2024.

Brokered Deposits

  • Brokered deposits were $1.3 billion, a decrease of $463.9 million, or 27%, compared to March 31, 2025, and a decrease of $1.3 billion, or 50%, compared to December 31, 2024.

Liquidity

  • The company had $5.0 billion in unused borrowing capacity as of June 30, 2025, representing 26% of total assets.

Outlook / Guidance

  • The company is optimistic about its future and confident that its strategies to address asset quality issues and enhance risk management practices will drive stability and growth.
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