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Merchants Bancorp Reports Q3 Earnings Dip Amid Growth

10/29/2025

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Summary

Story summary

Merchants Bancorp of Carmel, Indiana, reported Q3 2025 net income of $54.7 million, down from 2024's $61.3 million but up from the prior quarter's $38 million.
Total assets reached $19.4 billion, up 3% year over year.
Core deposits rose 12% since June 2025 to 92% of total deposits.
The community banking segment posted $7.4 million net income, while the consumer finance segment earned $231,000 due to higher credit loss provisions.

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Story summary

Merchants Bancorp of Carmel, Indiana, reported Q3 2025 net income of $54.7 million, down from 2024's $61.3 million but up from the prior quarter's $38 million.
Total assets reached $19.4 billion, up 3% year over year.
Core deposits rose 12% since June 2025 to 92% of total deposits.
The community banking segment posted $7.4 million net income, while the consumer finance segment earned $231,000 due to higher credit loss provisions.