MBIN — what changed in the latest 10-Q
A section-by-section comparison of MBIN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +179 | −104 | ~42 | 29 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 11 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 11 |
| Legal proceedings | Text added/removed | 0 | 0 | ~2 | 11 |
| Risk factors | Text added/removed | 0 | 0 | ~2 | 11 |
| Other information | Text added/removed | 0 | 0 | ~2 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
●Tangible book value per common share of $39.93 increased 13% compared to $35.42 for the three months ended June 30, 2025. See Non-GAAP Financial Measures section at the end of Item 2.
●Asset quality improved meaningfully, as criticized loans receivable of $444.7 million decreased $63.5 million, or 12%, from December 31, 2025.
●The provision for credit losses of $9.2 million decreased 83% compared to the three months ended June 30, 2025 and decreased 40% compared to the three months ended March 31, 2026.
●Capital ratios remained strong, with a total capital ratio of 12.5%, reflecting the Company’s continued emphasis on financial strength and balance sheet resilience.
●Liquidity remained strong at $13.0 billion, or 61% of total assets, supported by $5.5 billion of unused borrowing capacity with the Federal Home Loan Bank and Federal Reserve Discount Window and a diversified mix of highly liquid assets, including cash and cash equivalents, short-term investments, …
Text removed vs the prior filing · source: 10-Q · 2026-05-07
●Total assets of $20.3 billion reflected the highest level ever reported by the Company, increasing 8% compared to March 31, 2025, and 4% from December 31, 2025.
●Tangible book value per common share of $38.55 increased 10% compared to $34.90 for the three months ended March 31, 2025. See Non-GAAP Financial Measures section at the end of Item 2.
●Liquidity remained strong, with $11.1 billion, or 55% of total assets, comprising of unused borrowing capacity of $3.9 billion through the Federal Home Loan Bank and the Federal Reserve Discount Window, as well as cash and cash equivalents, short-term investments (including interest-earning demand …
●Loans receivable, net of allowance for credit losses, totaled $11.4 billion, increasing $1.1 billion, or 10%, from March 31, 2025, and $448.5 million, or 4%, from December 31, 2025.
●Asset quality continued to stabilize, as criticized loans receivable of $505.5 million decreased by 1% from December 31, 2025.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice