<span item_type="fundamental" item_id="04e666bd8d8465722ec17364da0d9f55" counter_id="ST/US/MBINN" env="prod"></span><span item_type="announcement" item_id="543287392821190529" 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>Net Income</h3><ul><li>Second quarter 2025 net income was $38.0 million, a decrease of $38.4 million compared to the second quarter of 2024 and a decrease of $20.3 million compared to the first 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_ex99-1.htm"></span></li></ul><h3>Provision for Credit Losses</h3><ul><li>The provision for credit losses increased by $43.1 million, or 432%, compared to the second quarter of 2024, and by $45.3 million, or 586%, compared to the first 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_ex99-1.htm"></span></li></ul><h3>Noninterest Income</h3><ul><li>Noninterest income increased by $19.1 million, or 61%, compared to the second quarter of 2024, driven by a $12.2 million, or 109%, increase in gain on sale of loans and a $6.5 million, or 200%, increase in syndication and asset management fees.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Noninterest Expense</h3><ul><li>Noninterest expense increased by $27.0 million, or 54%, compared to the second quarter of 2024, primarily due to a $15.2 million increase in salaries and employee benefits and a $7.1 million increase in other expenses related to taxes, insurance, and legal fees.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Total Assets</h3><ul><li>Total assets as of June 30, 2025, were $19.1 billion, an increase of 2% compared to March 31, 2025, and December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Loans Receivable</h3><ul><li>Loans receivable were $10.4 billion, net of allowance for credit losses, an increase of $88.4 million, or 1%, compared to March 31, 2025, and an increase of $78.1 million compared to December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Core Deposits</h3><ul><li>Core deposits were $11.4 billion, an increase of $744.6 million, or 7%, compared to March 31, 2025, and an increase of $2.0 billion, or 22%, compared to December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Brokered Deposits</h3><ul><li>Brokered deposits were $1.3 billion, a decrease of $463.9 million, or 27%, compared to March 31, 2025, and a decrease of $1.3 billion, or 50%, compared to December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Liquidity</h3><ul><li>The company had $5.0 billion in unused borrowing capacity as of June 30, 2025, representing 26% of total assets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company 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="1" url="https://www.sec.gov/Archives/edgar/data/1629019/000110465925071178/tm2521858d1_ex99-1.htm"></span></li></ul>

Merchants Bancorp Pref Share MBINN 6 Perp 04/01/26 C | 8-K: FY2025 Q2 EPS: USD 0.6