Every 10-Q that Merchants Bancorp (MBIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MBIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MBIN filings page.
Merchants Bancorp reported higher earnings for the quarter ended June 30, 2026, with net income of $78.3 million and net income allocated to common shareholders of $68.0 million, compared with $28.0 million allocated to common a year earlier. Basic and diluted earnings per share were $1.48, up from $0.60. Net interest income rose to $136.5 million, while the provision for credit losses fell sharply to $9.2 million from $53.0 million; for the first six months, net income reached $146.0 million and EPS was $2.73.
At June 30, 2026, total assets were $21.23 billion, up from $19.45 billion at December 31, 2025, driven by loans receivable of $12.34 billion and loans held for sale of $4.62 billion. Deposits totaled $14.25 billion and borrowings $4.28 billion, supporting shareholders’ equity of $2.39 billion across common and three preferred stock series.
The allowance for credit losses on loans was $75.8 million, with $48.8 million related to multi-family financing. Management also discussed a $375.4 million non-agency multi-family security where 37% of underlying loans were delinquent; the security remains current, is classified Special Mention, and benefits from 17.3% first-loss credit protection.
Merchants Bancorp reported stronger quarterly results with net income of $67.7M for the three months ended March 31, 2026, up from $58.2M a year earlier. Net income allocated to common shareholders rose to $57.5M, with diluted EPS increasing to $1.25 from $0.93.
Total assets grew to $20.32B, driven by loan growth as loans receivable reached $11.40B and loans held for sale $4.71B. Deposits were $12.95B and borrowings increased to $4.77B. The allowance for credit losses on loans stood at $76.8M. Operating cash flow was negative $597.3M, reflecting heavy loan origination and sale activity.
Merchants Bancorp reported lower profitability while growing funding in its latest quarter. For the three months ended September 30, 2025, net income was $54.7 million versus $61.3 million a year ago as net interest income eased to $128.1 million and the provision for credit losses increased to $29.2 million. Diluted EPS was $0.97 compared with $1.17. Noninterest income improved, led by a higher $24.7 million gain on loan sales.
The balance sheet expanded. Total assets were $19.35 billion (from $18.81 billion at year-end). Deposits rose to $13.93 billion while borrowings declined to $2.90 billion, shifting the funding mix toward deposits. Total shareholders’ equity was $2.23 billion. Loans receivable stood at $10.52 billion, and securities held to maturity had a fair value of $1.67 billion. As of October 31, 2025, 45,889,238 common shares were outstanding.