Merchants Bank quarterly financials
As reported to the FDIC. Dollar values are period-end balances. Net income is for the single quarter, derived from the FDIC's year-to-date figures by subtracting the prior quarter's report. Ratios (ROA, ROE, NIM) are FDIC-computed annualized year-to-date values.
| Quarter | Assets | Deposits | Net loans | Equity | Net income | ROA | ROE | NIM | Noncurrent |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $2.9B | $2.6B | $2.0B | $341M | $9M | 1.22% | 10.54% | 3.55% | 0.91% |
| Q4 2025 | $2.9B | $2.5B | $2.0B | $336M | $10M | 1.23% | 10.82% | 3.40% | 0.83% |
| Q3 2025 | $2.8B | $2.5B | $2.0B | $330M | $10M | 1.20% | 10.58% | 3.35% | 0.90% |
| Q2 2025 | $2.8B | $2.4B | $2.1B | $319M | $8M | 1.11% | 9.94% | 3.27% | 0.78% |
| Q1 2025 | $2.8B | $2.4B | $2.1B | $315M | $7M | 1.01% | 9.16% | 3.35% | 0.36% |
| Q4 2024 | $2.8B | $2.4B | $2.1B | $303M | $5M | 0.78% | 6.87% | 3.48% | 0.33% |
| Q3 2024 | $2.7B | $2.3B | $2.1B | $307M | $5M | 0.82% | 7.17% | 3.46% | 0.79% |
| Q2 2024 | $2.6B | $2.3B | $2.2B | $301M | $5M | 0.88% | 7.76% | 3.42% | 0.56% |
| Q1 2024 | $2.6B | $2.2B | $2.2B | $298M | $6M | 0.93% | 8.23% | 3.31% | 0.63% |
| Q4 2023 | $2.6B | $2.2B | $2.1B | $292M | $6M | 1.12% | 9.79% | 3.81% | 0.44% |
| Q3 2023 | $2.5B | $2.2B | $2.1B | $298M | $7M | 1.19% | 10.30% | 3.89% | 0.26% |
| Q2 2023 | $2.5B | $2.1B | $2.0B | $293M | $7M | 1.22% | 10.70% | 3.92% | 0.32% |
Transcribed from FDIC BankFind Suite quarterly financial data (Call Report-derived). Income in Call Reports is filed year-to-date; per-quarter net income shown here is the difference between consecutive reports within the same year. NIM = net interest margin; “Noncurrent” = noncurrent loans as a share of total loans. These figures describe reported financials only and are not a safety rating or a prediction about the institution.