Merchants Bancorp

Merchants Bancorp

MBINยทNASDAQ

$45.56

-1.6%
Financial ServicesBanks - Regional

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates through Multi-family Mortgage Banking, Mortgage Warehousing, and Banking segments. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities. This segment also offers customized loan products for independent living, assisted living, memory care, and skilled nursing projects; and operates as a syndicator of low-income housing tax credit and debt funds. The Mortgage Warehousing segment funds agency eligible residential loans, including origination, purchase, and sale in the secondary market, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, such as various types of deposit products, as well as multi-family construction and bridge, commercial real estate, commercial and industrial, agricultural, residential mortgage, and consumer loan products. This segment also provides single-family mortgage lending; construction, bridge, and lot financing; first-lien home equity lines of credit; and small business administration lending products and services. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana.

At a Glance

Live Snapshot
Market Cap$2.09B
EPS3.7800
P/E Ratio12.05
Earnings Date07/27/2026
3Y+127.0%
5Y+240.0%
10Y+1305.0%
3Y-
5Y+21.0%
10Y+560.0%
3Y-135.0%
5Y-61.0%
10Y+128.0%
Merchants Bancorp

Merchants Bancorp Profit Bridge

MBIN ยท NASDAQ
Revenue1.37B
Cost of Goods Sold (801.55M)
Gross Profit563.69M
Operating Expenses (299.89M)
Operating Income263.80M
Interest Expense (683.79M)
Other Income/Expense0.00
Pretax Income263.80M
Income Tax (45.03M)
Net Income218.77M
Net Income
218.77M

Profitability Analysis

Gross Margin

41.3%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

19.3%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

16.0%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

17.1%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

Merchants Bancorp Income Statement

MBIN โ€ข NASDAQ

Merchants Bancorp Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
REVENUE
1.4B
1.4B
1.2B
602.1M
461.6M
401.2M
254.6M
185.5M
138M
97.2M
80.6M
GROSS PROFIT
(801.5M)
(804.4M)
(670M)
(179.6M)
(38.9M)
(70.5M)
(93.6M)
(55.2M)
(30.3M)
(19.9M)
(15.3M)
563.7M
642.7M
519.1M
422.5M
422.7M
330.7M
160.9M
130.3M
107.7M
77.3M
65.4M
OPERATING INCOME
(299.9M)
(220M)
(171.2M)
(131.3M)
(117.7M)
(87.3M)
(58.8M)
(46.3M)
(30.5M)
(22.5M)
(18.2M)
(177.2M)
(156.9M)
(121.8M)
(92.5M)
(88.4M)
(65M)
(40.8M)
(33.3M)
(22.4M)
(15.5M)
(13M)
263.8M
422.6M
347.9M
291.1M
304.9M
243.4M
102.1M
84M
77.2M
54.8M
47.2M
PRE-TAX INCOME
(683.8M)
(780.1M)
(629.7M)
(162.3M)
(33.9M)
(58.6M)
(89.7M)
(50.6M)
(27.8M)
(19M)
(14.3M)
517.1M
522.6M
448.1M
318.6M
278M
224.1M
122.3M
90M
66.6M
54M
42.1M
(122.7M)
(63.2M)
(49.4M)
(38.8M)
(29.3M)
(22.3M)
(17.9M)
(13M)
(8.1M)
(7M)
(5.1M)
263.8M
422.6M
347.9M
291.1M
304.9M
243.4M
102.1M
84M
77.2M
54.8M
47.2M
NET INCOME
(45M)
(102.3M)
(68.7M)
(71.4M)
(77.8M)
(62.8M)
(24.8M)
(21.2M)
(22.5M)
(21.7M)
(18.8M)
218.8M
320.4M
279.2M
219.7M
227.1M
180.5M
77.3M
62.9M
54.7M
33.1M
28.4M

SEC Filings

MBIN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 21, 2026
May 21, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 07, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 21, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
8-K

8-K 2026

N/A

January 28, 2026
January 28, 2026
2026
8-K

8-K 2025

N/A

November 19, 2025
November 19, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 28, 2025
October 28, 2025
2025
Showing 1 to 10 of 156 filings