<span item_type="fundamental" item_id="04e666bd8d8465722ec17364da0d9f55" counter_id="ST/US/MBINL" env="prod"></span><span item_type="announcement" item_id="543287392770853249" env="prod"></span><p>EPS: As of FY2025 Q2, the actual value is USD 0.6.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 48.84 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li>Merchants Bancorp reported its financial results for the second quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_8k.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Second quarter 2025 net income was $38.0 million, which decreased by $38.4 million compared to the second quarter of 2024 and decreased by $20.3 million compared to the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li><li>The provision for credit losses increased by $43.1 million compared to the second quarter of 2024 and by $45.3 million compared to the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li><li>Noninterest income was $50.5 million, an increase of $19.1 million compared to the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li><li>Noninterest expense was $77.3 million, an increase of $27.0 million compared to the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li><li>Return on average assets was 0.80% for the second quarter of 2025, compared to 1.72% for the second quarter of 2024 and 1.31% for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>The report details operating cash flow and free cash flow figures.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_8k.htm"></span></li></ul><h4>Unique Metrics</h4><ul><li>Completed a $373.3 million securitization of 18 multi-family mortgage loans through a Freddie Mac-sponsored Q-Series transaction on June 5, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h4>Outlook / Guidance</h4><ul><li>Merchants Bancorp 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.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul>

Merchants Bankcorp Pref Shares MBIN 7.625 Perp 01/01/30 | 8-K: FY2025 Q2 EPS: USD 0.6