Merchants Bancorp (MBIN)

Merchants Bancorp topped expectations on earnings, with EPS of $1.48 beating the $1.22 estimate (+21.3%) for the second fiscal quarter of 2026, reported July 28, 2026. Revenue came in at about $294.1 million, while the quarter’s core banking spread showed up in net interest income of roughly $136.5 million as the company continued to operate across real estate finance, mortgage banking, and commercial banking. Profitability included operating income of about $54.1 million, and net income more than doubled, up ~106% year over year to roughly $78.3 million (from about $38.0 million a year ago), alongside EPS up ~147% to $1.48 (from $0.60). The company paid roughly $15.3 million in dividends during the quarter. For the next period, consensus calls for EPS of $1.40.