Merchants Bancorp | 10-Q: FY2025 Q3 Revenue: USD 171.07 M

Revenue: As of FY2025 Q3, the actual value is USD 171.07 M.

EPS: As of FY2025 Q3, the actual value is USD 0.97, beating the estimate of USD 0.815.

EBIT: As of FY2025 Q3, the actual value is USD -63.48 M.

Multi-family Mortgage Banking Segment

• Interest Income: $1,122 thousand.
• Net Interest Income: $1,102 thousand.
• Provision for Credit Losses: -$5 thousand (a release of provision).
• Noninterest Income: $45,257 thousand, including servicing rights fair value adjustments of $2,517 thousand.
• Noninterest Expense: $30,962 thousand.
• Net Income: $12,076 thousand.

Mortgage Warehousing Segment

• Interest Income: $109,538 thousand.
• Net Interest Income: $35,760 thousand.
• Provision for Credit Losses: $1,343 thousand.
• Noninterest Income: $523 thousand.
• Noninterest Expense: $7,398 thousand.
• Net Income: $23,564 thousand.

Banking Segment

• Interest Income: $187,464 thousand.
• Net Interest Income: $86,722 thousand.
• Provision for Credit Losses: $27,901 thousand.
• Noninterest Income: $775 thousand.
• Noninterest Expense: $25,425 thousand.
• Net Income: $29,551 thousand.

Other Segment

• Interest Income: $3,655 thousand.
• Net Interest Income: $4,474 thousand.
• Noninterest Income: -$3,541 thousand, including derivative fair value adjustments of -$770 thousand.
• Noninterest Expense: $13,465 thousand.
• Net Loss: -$10,490 thousand.

Total Company

• Total Assets: $19,354,647 thousand.
• Net Income: $54,701 thousand.