MERCHANTS BANCOR(US:MBINN)2025-08-11 20:00Financial 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) is expected to decrease by $54,849,000 (2.6%) with a -200 basis point shift in interest rates as of June 30, 2025[480] - The company aims to limit the change in net interest income to 20% for a +/- 100 basis point move in interest rates and 30% for a +/- 200 basis point move[478] - The Asset-Liability Committee (ALCO) meets quarterly to monitor interest rate risk sensitivity and ensure compliance with board-approved risk limits[469] - Interest rate risk management includes monitoring loan and deposit flows and adjusting investment and funding activities accordingly[470] - The company retains adjustable-rate loans as held for investment to mitigate interest rate risk[468]