What is Merchants Bancorp's debt-to-assets?

Merchants Bancorp (MBIN) reported debt-to-assets of 0.2× in Q1 2026.

How has Merchants Bancorp's debt-to-assets changed year-over-year?

Merchants Bancorp's debt-to-assets increased by 10.4% year-over-year, from 0.2× to 0.2×.

What is the long-term trend for Merchants Bancorp's debt-to-assets?

Over 5 years (2020 to 2025), Merchants Bancorp's debt-to-assets has grown at a 7.2% compound annual growth rate (CAGR), from 0.1× to 0.2×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

Merchants Bancorp MBIN Debt-to-assets

Debt-to-assets at other companies

JPMorgan ChaseJPM

0.1×0.0×

Walker & DunlopWD

0×0.0×

Rocket CompaniesRKT

0.2×+0.2×

Banner CorporationBANR

0×0.0×

Customers BancorpCUBI

0.1×0.0×

First Merchants CorporationFRME

0.1×0.0×

Other financials

Income statement

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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%

CapEx$1.1M-83.3%

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

Calculated from Merchants Bancorp’s reported figures.

total debt/total assets=0.2×

Based on the most recent quarter.

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 debt-to-assets?: Merchants Bancorp (MBIN) reported debt-to-assets of 0.2× in Q1 2026.
How has Merchants Bancorp's debt-to-assets changed year-over-year?: Merchants Bancorp's debt-to-assets increased by 10.4% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Merchants Bancorp's debt-to-assets?: Over 5 years (2020 to 2025), Merchants Bancorp's debt-to-assets has grown at a 7.2% compound annual growth rate (CAGR), from 0.1× to 0.2×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.