Merchants Bancorp(US:MBIN)2025-11-07 21:07Equity and Tangible Assets - Total equity increased to $2,225,434,000 as of September 30, 2025, compared to $1,939,107,000 in 2024[488] - Tangible common shareholders' equity rose to $1,666,087,000 from $1,481,641,000 year-over-year[488] - Tangible book value per common share increased to $36.31 from $32.38[488] - The company’s assets totaled $19,354,647,000 as of September 30, 2025, compared to $18,652,976,000 in 2024[488] Interest Rate Risk Management - Net interest income sensitivity for a +200 basis point shift is projected to increase by 15.8% as of September 30, 2025[481] - Economic Value of Equity (EVE) is expected to decrease by 2.3% with an immediate -200 basis point shift in interest rates as of September 30, 2025[485] - The company aims to limit the change in net interest income to 20% for a +/- 100 basis point move in interest rates[481] - The company reported a dollar change in net interest income of $44,510,000 for a +100 basis point shift as of September 30, 2025[481] - The company is within policy limits for interest rate risk management for all tested scenarios as of September 30, 2025[481] - The company’s interest rate risk management policy aims to limit the change in EVE to 15% for a +/- 100 basis point move in interest rates[485]