Merchants Bancorp Q1 net income rises 16% to $67.7 million; diluted EPS climbs 34% to $1.25

• Merchants Bancorp posted net income of $67.7 million for three months ended March 31, 2026, up 16%, with diluted EPS rising 34% to $1.25.
• Total noninterest income climbed 97% to $46.6 million, while provision for credit losses rose 98% to $15.3 million.
• Total assets rose 8% year over year to $20.3 billion, while loans receivable, net, increased 10% to $11.4 billion.
• Core deposits grew 13% year over year to $12.1 billion, while brokered deposits fell 48% to $886.5 million.
• Mortgage warehousing loan-funding volume jumped 65% to $19.6 billion, while the company said it was released from its mid-2025 Memorandum of Understanding with the FDIC during the quarter.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-057107), on May 07, 2026, and is solely responsible for the information contained therein.