Merchants Bancorp Pref Share MBINN 6 Perp 04/01/26 C | 8-K: FY2025 Q3 Revenue: USD 344.79 M

Revenue: As of FY2025 Q3, the actual value is USD 344.79 M.

EPS: As of FY2025 Q3, the actual value is USD 0.97.

EBIT: As of FY2025 Q3, the actual value is USD -63.48 M.

Net Income

• Third quarter 2025 net income was $54.7 million, a decrease of $6.6 million compared to the third quarter of 2024, but an increase of $16.7 million compared to the second quarter of 2025.

Earnings Per Share

• Diluted earnings per common share for the third quarter of 2025 were $0.97, a decrease of 17% compared to the third quarter of 2024, and an increase of 62% compared to the second quarter of 2025.

Provision for Credit Losses

• The total provision for credit losses decreased by 45%, or $23.8 million, compared to June 30, 2025.

Gain on Sale of Loans

• Gain on sale of loans increased by $7.9 million, or 47%, compared to the third quarter of 2024.

Tangible Book Value

• Tangible book value per common share reached a record-high of $36.31, increasing 12% compared to the third quarter of 2024.

Total Assets

• Total assets of $19.4 billion as of September 30, 2025, increased by $213.4 million, or 1%, compared to June 30, 2025, and by $548.9 million, or 3%, compared to December 31, 2024.

Loans Receivable

• Loans receivable of $10.5 billion, net of allowance for credit losses, increased by $83.1 million, or 1%, compared to June 30, 2025.

Deposits

• Core deposits of $12.8 billion increased by $1.4 billion, or 12%, compared to June 30, 2025, and by $3.4 billion, or 36%, compared to December 31, 2024.

Noninterest Income

• Noninterest income of $43.0 million increased by $26.3 million, or 157%, compared to the third quarter of 2024.

Noninterest Expense

• Noninterest expense of $77.3 million increased by 26% compared to the third quarter of 2024.

Outlook / Guidance

• The company is confident in its ability to deliver sustainable performance and capitalize on additional market opportunities, supported by improved asset quality trends, strong liquidity, core deposit growth, and effective capital management.