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Merchants Bancorp MBIN Banking — Noninterest Expense

Other segment segments

Multi Family Mortgage Banking
$25.63M+4.3%
Mortgage Warehousing
$7.89M-1.7%

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$1.24B+19.9%

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:NoninterestExpense.

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 — noninterest expense?
Merchants Bancorp (MBIN) reported banking — noninterest expense of $27.75M in Q1 2026.
How has Merchants Bancorp's banking — noninterest expense changed year-over-year?
Merchants Bancorp's banking — noninterest expense increased by 60.3% year-over-year, from $17.31M to $27.75M.
What is the long-term trend for Merchants Bancorp's banking — noninterest expense?
Over 4 years (2021 to 2025), Merchants Bancorp's banking — noninterest expense has grown at a 40.6% compound annual growth rate (CAGR), from $24.14M to $94.35M.
What does banking — noninterest expense mean?
Represents the total operating costs incurred by the banking segment, excluding interest expense. This includes personnel, technology, occupancy, and other administrative overheads required to run the business. It is a key metric for evaluating the segment's overall cost structure and operational efficiency.