05:12 PM EDT, 07/28/2025 (MT Newswires) -- Merchants Bancorp ( MBIN ) reported Q2 earnings late Monday of $0.60 per diluted share, down from $1.49 a year earlier.

Three analysts polled by FactSet expected $1.12.

Revenue, expressed as the sum of net interest income and total noninterest income, was $179.2 million for the quarter ended June 30, up from $159.5 million a year earlier.

Two analysts surveyed by FactSet expected $161.1 million.

Shares of the company fell 2% in recent after-hours activity.