Company: MBINL
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001558370-25-001941
Chunk: 24

Company: Merchants Bancorp
Filing Date: 2025-02-28
Form: 10-K
Item: Item 6S
Chunk 24
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,282​  33,892​  58,644​Net interest income​  522,620​  448,071​  318,551​  277,994​  224,146​Provision for credit losses​  24,278​  40,231​  17,295​  5,012​  11,838​Noninterest income​  148,112​  114,668​  125,936​  157,333​  127,473​Noninterest expense​  223,812​  174,601​  136,050​  125,385​  96,424​Income before taxes​  422,642​  347,907​  291,142​  304,930​  243,357​Provision for income taxes​  102,256​  68,673​  71,421​  77,826​  62,824​Net income​  320,386​  279,234​  219,721​  227,104​  180,533​Preferred stock dividends​  34,909​  34,670​  25,983​  20,873​  14,473​Impact of preferred stock redemption​​ 1,823​​ —​​ —​​ —​​ —​Net income available to common shareholders​$ 283,654​$ 244,564​$ 193,738​$ 206,231​$ 166,060​Credit Quality Data:​   ​   ​   ​   ​   ​Nonperforming loans​$ 279,722​$ 82,015​$ 26,683​$ 761​$ 6,321​Nonperforming loans to total loans receivable​  2.68%    0.80%    0.36%    0.01%    0.11%  Nonperforming assets​$ 287,931​$ 82,015​$ 26,683​$ 761​$ 6,321​Nonperforming assets to total assets​  1.53%    0.48%    0.21%    0.01%    0.07%