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Merchants Bancorp MBIN Banking — Noninterest Income

Other segment segments

Multi Family Mortgage Banking
$42.84M-4.3%
Mortgage Warehousing
$3.77M-44.8%

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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:NoninterestIncome.

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
Mortgage warehouse fees1,8572,0393,4773,552
Syndication and asset management fees6,9339,70710,05013,096
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

Item 1. Interim Financial Statements (Unaudited)

FAQ

What is Merchants Bancorp's banking — noninterest income?
Merchants Bancorp (MBIN) reported banking — noninterest income of $2.02M in Q2 2026.
How has Merchants Bancorp's banking — noninterest income changed year-over-year?
Merchants Bancorp's banking — noninterest income decreased by 38.3% year-over-year, from $3.28M to $2.02M.
What is the long-term trend for Merchants Bancorp's banking — noninterest income?
Over 2 years (2022 to 2024), Merchants Bancorp's banking — noninterest income has grown at a -42.9% compound annual growth rate (CAGR), from -$26.18M to -$8.52M.
What does banking — noninterest income mean?
Includes all revenue streams for the banking segment that are not derived from interest, such as service charges, fees, and gains or losses on asset sales. This metric captures the segment's ability to diversify its revenue base beyond traditional lending activities. It is a key indicator of fee-based business performance.

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