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Merchants Bancorp MBIN Interest Expense

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Segments

By segment

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Banking$85.27M-21.5%
Mortgage Warehousing$73.06M+7.7%
Multi Family Mortgage Banking$20K0.0%

Other financials

Income statement

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Revenue$182.2M+1.7%
Net income$78.3M+106%
EPS (diluted)$1.48+147%

Balance sheet

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Cash & equivalents$314.7M-51.4%
Total debt$4.3B+7.0%
Total equity$2.4B+9.6%
Total assets$21.2B+10.9%

Cash flow

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Operating cash flow-$597.3M-503%
CapEx$2.4M-45.8%
Free cash flow-$598.5M-524%

Valuation

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Market cap$2.48B+75.9%
Enterprise value$6.47B+35.2%
P/E9.3×+3.7×
P/S3.5×+1.4×

Profitability

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Net margin37.6%-0.2pp
FCF margin-155%-376pp

Returns & leverage

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Return on equity11.7%-0.7pp
Debt / equity1.8×0.0×

Where this comes from

Reported directly by Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseOperating.

The source filing: Merchants Bancorp’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092702

FAQ

What is Merchants Bancorp's interest expense?
Merchants Bancorp (MBIN) reported interest expense of $157.54M in Q2 2026.
How has Merchants Bancorp's interest expense changed year-over-year?
Merchants Bancorp's interest expense decreased by 10.3% year-over-year, from $175.68M to $157.54M.
What is the long-term trend for Merchants Bancorp's interest expense?
Over 4 years (2021 to 2025), Merchants Bancorp's interest expense has grown at a 111.9% compound annual growth rate (CAGR), from $33.89M to $683.79M.
What does interest expense mean?
Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

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