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Merchants Bancorp MBIN Banking — Income Tax Expense Benefit

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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

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 banking — income tax expense benefit?
Merchants Bancorp (MBIN) reported banking — income tax expense benefit of $9.17M in Q1 2026.
How has Merchants Bancorp's banking — income tax expense benefit changed year-over-year?
Merchants Bancorp's banking — income tax expense benefit decreased by 35.6% year-over-year, from $14.25M to $9.17M.
What is the long-term trend for Merchants Bancorp's banking — income tax expense benefit?
Over 4 years (2021 to 2025), Merchants Bancorp's banking — income tax expense benefit has grown at a -5.3% compound annual growth rate (CAGR), from $30.12M to $24.26M.
What does banking — income tax expense benefit mean?
This metric represents the total income tax expense or benefit recognized by the banking segment during the reporting period. It reflects the tax impact of the segment's operational profitability and is essential for calculating the segment's net contribution to the parent company's bottom line.