Merchants Bancorp jumps after credit improvement drives Q2 beat

Merchants Bancorp

29/07/2026 15:52

** Regional lender Merchants Bancorp's MBIN.O shares jump as much as 16.6%, last up 14.7% at $55.94
** MBIN late Tuesday reported Q2 profit above Wall Street estimates as provision for credit losses shrank
** "Results in 2Q were very encouraging given broad-based asset quality improvement. We gained greater confidence that MBIN's credit overhang will further moderate going forward," Piper Sandler analysts said
** Two of three brokerages rate the stock "buy" and one "hold"; median PT $51 - data compiled by LSEG
** As of last close, MBIN stock up 43% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))