Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Merchants Bancorp (MBIN)

Merchants Bancorp posts record 2024 net income of $320.4 million, up 15%

Mixed Impact 3 of 5 earnings Written later

Merchants Bancorp reported record full-year 2024 net income of $320.4 million and diluted EPS of $6.30, both up year over year. Fourth-quarter net income rose 23% from a year earlier to $95.7 million, helped by favorable fair market value adjustments on servicing rights and derivatives, though nonperforming loans rose to $279.7 million.

Key points

  • Full-year 2024 net income $320.4 million, up 15%; diluted EPS $6.30, up 12%
  • Q4 2024 net income $95.7 million, up 23% from Q4 2023 and 56% from Q3 2024; diluted EPS $1.85
  • Non-performing loans rose to $279.7 million, or 2.68% of gross loans, from $82.0 million a year earlier
  • Tangible book value per share reached a record $34.15, up 25% from $27.40 a year earlier

The filing

CompanyMerchants Bancorp (MBIN)
Form8-K, current report
Filed with the SECJan 28, 2025, 4:05 PM ET
Accession number0001104659-25-006686

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.