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Merchants Bancorp MBIN Banking — Labor And Related Expense

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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:LaborAndRelatedExpense.

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

Filed
Aug 7, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092702
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Other income11,7389,25424,99512,416
Total noninterest income45,68050,48092,27974,173
Noninterest Expense
Salaries and employee benefits39,34543,56677,91079,985
Loan expense1,1771,1422,3621,940
Occupancy and equipment3,4622,4946,5434,845
Professional fees3,3283,1596,0956,053
Deposit insurance expense5,8937,15214,30114,380

Item 1. Interim Financial Statements (Unaudited)

FAQ

What is Merchants Bancorp's banking — labor and related expense?
Merchants Bancorp (MBIN) reported banking — labor and related expense of $5.38M in Q2 2026.
How has Merchants Bancorp's banking — labor and related expense changed year-over-year?
Merchants Bancorp's banking — labor and related expense decreased by 11.5% year-over-year, from $6.08M to $5.38M.
What does banking — labor and related expense mean?
Captures the total compensation, benefits, and related costs for personnel dedicated to the banking segment. This is a primary component of operating expenses and reflects the human capital investment required to support the segment's operations. It is a critical metric for assessing operational efficiency and labor productivity.

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