Merchants Bancorp 10-K annual reports

Merchants Bancorp reported a 32% decrease in net income for 2025, driven by a significant increase in provision for credit losses and higher noninterest expenses, despite growth in assets and core deposits.

Merchants Bancorp's 2024 annual report reveals a 15% increase in net income, fueled by growth in both net interest and noninterest income, alongside a decrease in the provision for credit losses.

Merchants Bancorp reports a 27% increase in net income for 2023, driven by significant growth in net interest income and strategic business segment performance.