Financial Performance - Total equity increased to $2,184,632,000 as of June 30, 2025, compared to $1,888,147,000 in 2024, reflecting a growth of 15.7%[485] - Tangible common shareholders' equity rose to $1,625,279,000 from $1,430,652,000, marking an increase of 13.6% year-over-year[485] - The company's assets grew to $19,141,204,000 in 2025, up from $18,212,422,000 in 2024, representing a 5.1% increase[485] - The tangible book value per common share increased to $35.42 in 2025, compared to $31.27 in 2024, indicating a growth of 13.8%[485] Interest Rate Risk Management - Net interest income sensitivity for a +200 basis point shift is projected to increase by $85,982,000, a 16.2% change[478] - Economic Value of Equity (EVE) sensitivity shows a potential increase of $54,849,000 for a -200 basis point shift, reflecting a 2.6% change[480] - The company aims to limit changes in net interest income to 20% for a +/- 100 basis point move in interest rates[478] - Interest rate risk management is actively monitored by the Asset-Liability Committee (ALCO) to ensure compliance with board-approved limits[469] - The company retains adjustable-rate loans to mitigate interest rate risk while funding low-risk loans[468] - The company is within policy limits for interest rate risk scenarios as of June 30, 2025[478]
Merchants Bancorp(MBINL) - 2025 Q2 - Quarterly Report