Merchants Bancorp Reports Significant Third Quarter 2026 Net Income Growth
Merchants Bancorp (Nasdaq: MBIN) reported a strong third quarter of 2026, with net income reaching $105.2 million, a 92% increase compared to the same period in 2025. Diluted earnings per share rose to $2.06, up 112% year-over-year. The company's performance was bolstered by positive fair value adjustments in noninterest income, specifically from servicing rights and floor derivatives, which acted as a hedge against higher interest rates. The bank maintained a robust liquidity position with $13.0 billion available and reported total deposits of $15.0 billion, an 11% increase in core deposits since the end of 2025. While nonperforming loans decreased by 12% from the previous quarter, criticized loans saw a slight uptick. Additionally, the company completed the acquisition of The Loan Exchange for $13.9 million to expand its mortgage production and jumbo lending capabilities.
Tickers: $MBIN
Topics: capital ratios earnings per share liquidity net income nonperforming loans tangible book value total assets