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Merchants Bancorp MBIN Banking — Net Income Loss

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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:NetIncomeLoss.

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 — net income loss?
Merchants Bancorp (MBIN) reported banking — net income loss of $37.98M in Q1 2026.
How has Merchants Bancorp's banking — net income loss changed year-over-year?
Merchants Bancorp's banking — net income loss decreased by 19.4% year-over-year, from $47.11M to $37.98M.
What is the long-term trend for Merchants Bancorp's banking — net income loss?
Over 4 years (2021 to 2025), Merchants Bancorp's banking — net income loss has grown at a 7.6% compound annual growth rate (CAGR), from $90.86M to $122.01M.
What does banking — net income loss mean?
This metric measures the total profit or loss generated by the banking segment after all operating expenses, interest expenses, and taxes have been deducted. It serves as the primary indicator of the segment's overall financial performance and its ability to generate value for the holding company.