Skip to content
Screener

Merchants Bancorp MBIN Q1 2025 earnings

Reported April 28, 2025 · After market close

Revenue$145.1MMiss by $30.7M
EPS$0.93Miss by $0.32
Revenue estimate$175.8M
EPS estimate$1.25

Next report

Oct 27, 2026 (in a month)
Revenue estimate$183.0M
EPS estimate$1.40

Financials

Q1 2025

Income statement

See full
Revenue$145.9M-13.1%
Net income$58.2M-33.1%
EPS (diluted)$0.93-48.3%

Balance sheet

See full
Cash & equivalents$521.3M+2.5%
Total debt$4.0B+117%
Total equity$2.2B+21.6%
Total assets$18.8B+5.5%

Cash flow

See full
Operating cash flow$148.0M+139%
CapEx$6.9M+197%
Free cash flow$141.2M+137%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$1.7B-9.3%
Enterprise value$5.19B+61.7%
P/E5.8×-0.2×
P/S2.6×-0.4×

Profitability

See full
Net margin44.9%-5.6pp
FCF margin-57.4%—

Returns & leverage

See full
Return on equity14.8%-4.2pp
Debt / equity1.9×+0.8×

FAQ

When did Merchants Bancorp report Q1 2025 earnings?
Merchants Bancorp (MBIN) reported Q1 2025 earnings on April 28, 2025 after market close.
What were Merchants Bancorp's Q1 2025 revenue and EPS?
Merchants Bancorp reported revenue of $145.1M and eps of $0.93 for Q1 2025.
Did Merchants Bancorp beat estimates in Q1 2025?
Revenue missed the consensus estimate of $175.8M by $30.7M. EPS missed the consensus estimate of $1.25 by $0.32.
How did Merchants Bancorp's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 13.1% from $167.0M a year earlier and eps declined 48.3% from $1.80.
Where can I find Merchants Bancorp's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-040189) and the 10-Q periodic report (0001558370-25-007170) directly on SEC EDGAR. The filing index links above go to sec.gov.