What is Merchants Bancorp's banking — goodwill?

Merchants Bancorp (MBIN) reported banking — goodwill of $522K in Q4 2025.

How has Merchants Bancorp's banking — goodwill changed year-over-year?

Merchants Bancorp's banking — goodwill decreased by 0.0% year-over-year, from $522K to $522K.

What does banking — goodwill mean?

This represents the intangible asset created when the banking segment acquires another business for a price higher than the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer lists, and intellectual property within the banking unit.

Merchants Bancorp MBIN Banking — Goodwill

Other segment segments

Multi Family Mortgage Banking

$3.79M0.0%

Mortgage Warehousing

$3.7M0.0%

Similar metrics at other companies

NBT

NBTBBanking — Goodwill

$414.87M+27.9%

FBKBanking — Goodwill

$350.35M+44.4%

OFGBanking — Goodwill

$84.06M0.0%

HTHBanking — Goodwill

$247.37M0.0%

TRMKGeneral Banking — Goodwill

$334.61M0.0%

AXBanking Business Segment — Goodwill

$82.38M+131%

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%

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

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:Goodwill.

The official record: Merchants Bancorp’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merchants Bancorp's banking — goodwill?: Merchants Bancorp (MBIN) reported banking — goodwill of $522K in Q4 2025.
How has Merchants Bancorp's banking — goodwill changed year-over-year?: Merchants Bancorp's banking — goodwill decreased by 0.0% year-over-year, from $522K to $522K.
What does banking — goodwill mean?: This represents the intangible asset created when the banking segment acquires another business for a price higher than the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer lists, and intellectual property within the banking unit.