Merchants Bancorp Reports Third Quarter 2025 Financial Results

Merchants Bancorp announced its financial results for the third quarter of 2025, reporting a net income of $54.7 million, a decrease of $6.6 million compared to the same period in 2024. The company's diluted earnings per common share were $0.97, down 17% from the previous year. Despite the decline, the company saw a 44% increase in net income compared to the second quarter of 2025, driven by a $23.1 million increase in net interest income after provision for credit losses. Total assets reached a record high of $19.4 billion, reflecting a 1% increase from the previous quarter. The company also reported a decrease in provision for credit losses by 45% and a 12% increase in core deposits. Merchants Bancorp continues to focus on credit risk management and capital efficiency, as evidenced by its recent credit default swap on a $557.1 million healthcare mortgage loan pool.