secwatch.observer — SEC 8-K summary
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Issuer:     Merchants Bancorp (MBIN)
CIK:        0001629019
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001104659-22-083652
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922083652/0001104659-22-083652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1629019/000110465922083652/tm2222027d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-083652

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer