Hillsboro, OH · Cert 6605 · Merchants Bcorp Inc.
National charter · OCC · 17 branches
Q2 2026
Market Position · Columbus, OH · 2026 SOD (annual) · 0.2% share · #24 of 53 inst. · $0.3B of $124.6B
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.74% | 0.80% | 0.91% | 1.05% | 1.08% | 1.08% | 1.07% | 1.17% | +12 bps | |
| Return on Equity | 9.16% | 9.78% | 10.81% | 12.20% | 12.34% | 12.20% | 11.70% | 12.64% | +44 bps | |
| Net Interest Margin | 2.61% | 2.74% | 2.89% | 3.09% | 3.11% | 3.23% | 3.27% | 3.52% | +43 bps | |
| Efficiency Ratio | 68.76% | 67.82% | 64.49% | 62.01% | 61.62% | 62.74% | 63.75% | 61.93% | -8 bps | |
| Non-Interest Burden | 1.66% | 1.71% | 1.72% | 1.75% | 1.75% | 1.85% | 1.91% | 1.99% | +24 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.55% | -1.55% | 3.16% | 0.87% | -1.01% | 0.38% | -3.18% | -4.88% | -574 bps | |
| Loan Growth (YoY) | -0.29% | -0.28% | 0.22% | -0.77% | -2.28% | -3.67% | -4.67% | -3.22% | -245 bps | |
| Deposit Growth (YoY) | 0.38% | 0.45% | 6.44% | 3.88% | 3.35% | 3.30% | -1.63% | -2.90% | -678 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.38% | 0.37% | 0.49% | 0.48% | 0.50% | 0.48% | 0.56% | 0.53% | +5 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | -0.02% | -0.02% | -0.02% | 0.00% | 0.00% | +2 bps | |
| Allowance / Loans | 1.11% | 1.10% | 1.12% | 1.14% | 1.15% | 1.16% | 1.19% | 1.19% | +5 bps | |
| Allowance Coverage of NPLs | 2.9x | 2.9x | 2.3x | 2.4x | 2.3x | 2.4x | 2.1x | 2.3x | -0.1x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 8.06% | 8.15% | 8.28% | 8.37% | 8.54% | 8.43% | 8.68% | 8.91% | +54 bps | |
| Total Risk-Based Capital | 12.21% | 12.20% | 12.76% | 12.83% | 13.30% | 12.98% | 13.42% | 13.20% | +37 bps | |
| Equity / Assets | 8.40% | 8.51% | 8.40% | 8.88% | 9.19% | 9.10% | 9.19% | 9.57% | +70 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 90.44% | 92.20% | 83.52% | 86.26% | 85.51% | 85.98% | 80.93% | 85.97% | -29 bps | |
| Liquid Assets / Assets | 8.99% | 6.88% | 12.14% | 11.03% | 11.85% | 11.29% | 14.24% | 9.75% | -129 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 263% | 268% | 261% | n/a | n/a | |