Merchants Bancorp Q1 FY26 net income rises 16% to $67.7 million

• Merchants Bancorp posted first-quarter fiscal 2026 net income of $67.7 million, up 16%.
• Diluted earnings per share climbed to $1.25, up 34%.
• Total assets rose to a record $20.3 billion, up 8%, while tangible book value per share reached a record $38.55, up 10%.
• Noninterest income more than doubled to $46.6 million on higher positive fair value adjustments to mortgage servicing rights and certain derivatives.
• During quarter, FDIC and IDFI terminated company’s mid-2025 Memorandum of Understanding following progress on MOU provisions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Merchants Bancorp published the original content used to generate this news brief via PR Newswire (Ref. ID: DE45438) on April 28, 2026, and is solely responsible for the information contained therein.