• 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.

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: 0001104659-26-119617), on October 28, 2026, and is solely responsible for the information contained therein.