Merchants Bancorp Q3 2026 net income jumps 92% year over year to $105.2 million
Bitget2026/10/28 20:16- Merchants Bancorp’s third-quarter 2026 net income jumped 92% year over year to $105.2 million.
- Noninterest income climbed 88% year over year to $80.8 million; net interest income rose 13% to $144.2 million.
- Credit-loss provision fell 59% year over year to $12 million; nonperforming loans declined 12% from June 30 to $180.3 million.
- Acquisition of The Loan Exchange for $13.9 million on September 14 expands mortgage production but may initially dilute earnings.
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