Merchants Bancorp

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus, with diluted EPS of $1.48 exceeding the $1.21 estimate by 22.31%. Total revenue of $182.2M surpassed the $179.2M expectation, driven by robust loan growth and a sharp 83% YoY reduction in provision for credit losses to $9.2M. While net interest margin moderated slightly to 2.81%, core deposits grew 15% YTD to $13.0B, representing 91% of total deposits and reinforcing a strong liquidity profile.