Merchants Bancorp filed its quarterly report on Form 10-Q with the SEC on November 6, 2026, covering the fiscal quarter ended September 30, 2026, and reporting total assets of $20,883,499 thousand.

Key Highlights

  • Total assets: $20,883,499 thousand as of September 30, 2026, up from $19,448,943 thousand at December 31, 2025, according to the filing.
  • Total deposits: $15,041,795 thousand at September 30, 2026, compared to $13,041,192 thousand at December 31, 2025, the company disclosed.
  • Loans receivable (net): $12,184,623 thousand as of September 30, 2026, net of an allowance for credit losses on loans of $82,130 thousand, per the filing.
  • Borrowings: $3,017,581 thousand at September 30, 2026, down from $3,842,592 thousand at December 31, 2025, according to the filing.
  • Shares outstanding: 45,940,371 shares of common stock issued and outstanding as of October 29, 2026, as reported on the cover page.
  • Goodwill: $19,144 thousand at September 30, 2026, compared to $8,014 thousand at December 31, 2025, the filing disclosed.
  • Filer classification: The company indicated it is a large accelerated filer as of the filing date.

Balance Sheet and Financial Position: Merchants Bancorp at September 30, 2026

Merchants Bancorp (NASDAQ:MBIN), the Indiana-based bank holding company headquartered at 410 Monon Blvd., Carmel, Indiana, filed its Form 10-Q for the quarterly period ended September 30, 2026. According to the filing, total assets grew to $20,883,499 thousand at quarter-end from $19,448,943 thousand at December 31, 2025. The increase was driven in part by growth in loans receivable and loans held for sale, with loans held for sale reaching $4,043,914 thousand at September 30, 2026, compared to $3,873,012 thousand at year-end 2025.

On the liability side, the company disclosed that total deposits rose to $15,041,795 thousand at September 30, 2026, from $13,041,192 thousand at December 31, 2025. Interest-bearing deposits accounted for $14,510,687 thousand of that total. Borrowings, by contrast, declined to $3,017,581 thousand from $3,842,592 thousand over the same period. The allowance for credit losses on loans stood at $82,130 thousand at September 30, 2026, compared to $83,301 thousand at December 31, 2025, per the filing.

The filing also reported that securities available for sale totaled $787,423 thousand, including $496,567 thousand carried at fair value, while securities held to maturity had a carrying value of $1,535,361 thousand against a fair value of $1,535,615 thousand. Servicing rights increased to $267,613 thousand from $217,296 thousand at year-end 2025. Goodwill rose to $19,144 thousand from $8,014 thousand at December 31, 2025. The company's common stock is listed on NASDAQ under the symbol MBIN, with additional preferred depositary shares listed under the symbols MBINN, MBINM, and MBINL.

What Was Disclosed

Merchants Bancorp filed its September 30, 2026 quarterly report disclosing balance sheet data showing total assets of $20,883,499 thousand, total deposits of $15,041,795 thousand, and net loans receivable of $12,184,623 thousand, with 45,940,371 common shares outstanding as of October 29, 2026.