Merchants Bancorp Q2 2022 net income $53.9M, EPS $1.11, ROAA 2.20%

Merchants Bancorp

2022-Q2 EPS reported $2.14

Net income $53.9M (+5% YoY), diluted EPS $1.11 (+5% YoY).
Total assets $11.1B (+15% vs Q1 2022); net interest margin 3.03% (up 41 bps QoQ).
Tangible book value $19.70/share (+25% YoY); nonperforming loans 0.07% of loans.
Completed $214M CMBS securitization of 14 multifamily loans via Freddie Mac Q-Series.
Repurchased $3.9M of common shares; brokered deposits +222% QoQ.

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