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Merchants Bancorp MBIN Banking — Other Miscellaneous Noninterest Expense

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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 mbin:OtherMiscellaneousNoninterestExpense.

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 — other miscellaneous noninterest expense?
Merchants Bancorp (MBIN) reported banking — other miscellaneous noninterest expense of $21M in Q1 2026.
How has Merchants Bancorp's banking — other miscellaneous noninterest expense changed year-over-year?
Merchants Bancorp's banking — other miscellaneous noninterest expense increased by 93.9% year-over-year, from $10.83M to $21M.
What does banking — other miscellaneous noninterest expense mean?
Encompasses various operational costs not categorized as interest or labor expenses, such as professional fees, technology costs, and administrative overhead. Monitoring these expenses is essential for identifying cost-saving opportunities and maintaining lean operations. It provides insight into the secondary cost drivers of the segment.