10-Q quarterly report · filed Aug 7, 2026

Merchants Bancorp (MBIN) Q2 2026 10-Q Quarterly Report

Short answer

Merchants Bancorp (MBIN) filed its Q2 2026 10-Q quarterly report on Aug 7, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $294M (down 3.4% year over year) with net income of $78M.

Q2 2026 key financials · XBRL

Revenue
$294M
−3.4% YoY · +8.7% QoQ
Net income
$78M
+106.2% YoY · +15.6% QoQ
EPS (diluted)
$1.48
+146.7% YoY · +18.4% QoQ

Source: XBRL data from the Merchants Bancorp (MBIN) Q2 2026 10-Q on SEC EDGAR. USD.

Merchants Bancorp Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $78.3M, up 106% from $38.0M YoY
  • Net interest income $136.5M, up 6% from $128.7M; net interest margin 2.81% vs 2.83%
  • Warehouse loans funded $22.9B, up 41% YoY; strongest disclosed operating line
  • Provision for credit losses $9.2M, down 83% YoY; criticized loans $444.7M, down 25%
  • Liquidity $13.0B, supported by $5.5B unused borrowing capacity; capital ratio 12.5%

Risk Factors

  • No material risk-factor changes from the December 31, 2025 Form 10-K
  • Carried-forward regulatory, legal, and compliance risks unchanged from the 10-K
  • Carried-forward operational, competitive, and market risks unchanged from the 10-K
  • Carried-forward financial risks unchanged from the 10-K

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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