What is Merchants Bancorp's income tax?

Merchants Bancorp (MBIN) reported income tax of $16.57M in Q1 2026.

How has Merchants Bancorp's income tax changed year-over-year?

Merchants Bancorp's income tax decreased by 9.2% year-over-year, from $18.26M to $16.57M.

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

Over 4 years (2021 to 2025), Merchants Bancorp's income tax has grown at a -12.8% compound annual growth rate (CAGR), from $77.83M to $45.03M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Merchants Bancorp MBIN Income Tax

Income Tax at other companies

JPMorgan ChaseJPM

$3.99B+5.8%

Walker & DunlopWD

$8.02M+218%

Rocket CompaniesRKT

$103M+1,036%

Banner CorporationBANR

$12.8M+20.1%

Customers BancorpCUBI

$20.65M+2,117%

First Merchants CorporationFRME

-$1.07M-114%

Segments

By segment

See full

Banking$9.17M-35.6%

Mortgage Warehousing$7.06M+49.8%

Multi Family Mortgage Banking$3.5M+64.1%

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

See full

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

See full

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:IncomeTaxExpenseBenefit.

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 income tax?: Merchants Bancorp (MBIN) reported income tax of $16.57M in Q1 2026.
How has Merchants Bancorp's income tax changed year-over-year?: Merchants Bancorp's income tax decreased by 9.2% year-over-year, from $18.26M to $16.57M.
What is the long-term trend for Merchants Bancorp's income tax?: Over 4 years (2021 to 2025), Merchants Bancorp's income tax has grown at a -12.8% compound annual growth rate (CAGR), from $77.83M to $45.03M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.