What is Merchants Bancorp's capex?

Merchants Bancorp (MBIN) reported capex of $1.15M in Q1 2026.

How has Merchants Bancorp's capex changed year-over-year?

Merchants Bancorp's capex decreased by 83.3% year-over-year, from $6.86M to $1.15M.

What is the long-term trend for Merchants Bancorp's capex?

Over 4 years (2021 to 2025), Merchants Bancorp's capex has grown at a 54.8% compound annual growth rate (CAGR), from $3.65M to $20.94M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Merchants Bancorp MBIN CapEx

CapEx at other companies

Rocket CompaniesRKT

$43M+207%

Banner CorporationBANR

$420K-74.7%

Customers BancorpCUBI

$49K-92.9%

PennyMac Financial Services, Inc.PFSI

$2.25M+506%

WaFd, Inc.WAFD

$11.41M+105%

Banc of CaliforniaBANC

$3.38M+122%

Other financials

Income statement

See full

Revenue$175.2M+20.1%

Net income$67.7M+16.3%

EPS (diluted)$1.25+34.4%

Balance sheet

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Cash & equivalents$83.2M-84.0%

Total debt$4.8B+19.4%

Total equity$2.3B+7.8%

Total assets$20.3B+8.1%

Cash flow

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Operating cash flow-$597.3M-503%

Free cash flow-$598.5M-524%

Valuation

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Market cap$2.29B+16.3%

Enterprise value$7B+28.8%

P/E10×+3.3×

P/S3.2×+0.2×

Profitability

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Net margin32.1%-12.8pp

FCF margin-155%-376pp

Returns & leverage

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Return on equity10.2%-4.6pp

Debt / equity2.1×+0.2×

Where this comes from

Reported directly by Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Merchants Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merchants Bancorp's capex?: Merchants Bancorp (MBIN) reported capex of $1.15M in Q1 2026.
How has Merchants Bancorp's capex changed year-over-year?: Merchants Bancorp's capex decreased by 83.3% year-over-year, from $6.86M to $1.15M.
What is the long-term trend for Merchants Bancorp's capex?: Over 4 years (2021 to 2025), Merchants Bancorp's capex has grown at a 54.8% compound annual growth rate (CAGR), from $3.65M to $20.94M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.