What is Merchants Bancorp's foreclosed assets?

Merchants Bancorp (MBIN) reported foreclosed assets of $60.23M in Q1 2026.

What does foreclosed assets mean?

This represents real estate or other collateral acquired by the bank through the foreclosure process due to borrower default. These assets are typically held for sale and are subject to periodic impairment testing to reflect current market values. A high balance indicates elevated credit risk and potential future losses on non-performing loans.

Merchants Bancorp MBIN Foreclosed Assets

Foreclosed Assets at other companies

Customers BancorpCUBI

$12.51M—

Banc of CaliforniaBANC

$18.06M+230%

FB FinancialFBK

$6.45M+93.9%

Provident Financial ServicesPFS

$2.02M-70.2%

Live Oak BancsharesLOB

$12.01M+469%

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

See full

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

See full

Net margin32.1%-12.8pp

FCF margin-155%-376pp

Returns & leverage

See full

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:OtherRealEstate.

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

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What is Merchants Bancorp's foreclosed assets?: Merchants Bancorp (MBIN) reported foreclosed assets of $60.23M in Q1 2026.
What does foreclosed assets mean?: This represents real estate or other collateral acquired by the bank through the foreclosure process due to borrower default. These assets are typically held for sale and are subject to periodic impairment testing to reflect current market values. A high balance indicates elevated credit risk and potential future losses on non-performing loans.