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Merchants Bancorp MBIN Mortgage Warehousing — Interest And Dividend Income Operating

Other segment segments

Banking
$165.16M-15.8%
Multi Family Mortgage Banking
$1.06M-10.0%

Similar metrics at other companies

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ABCBWarehouse Lending — Interest and Dividend Income, Operating
$17.85M+17.4%
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$12.5M+11.3%
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FBPMortgage Banking — Interest And Dividend Income Operating
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ABCBWarehouse Lending — Interest Income (Expense), Operating
$7.59M+28.7%
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$55.71M-3.8%
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PFSIMortgage Banking Lending Sector — Interest Income Operating
$113M+32.5%

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:InterestAndDividendIncomeOperating.

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 mortgage warehousing — interest and dividend income operating?
Merchants Bancorp (MBIN) reported mortgage warehousing — interest and dividend income operating of $100.65M in Q1 2026.
How has Merchants Bancorp's mortgage warehousing — interest and dividend income operating changed year-over-year?
Merchants Bancorp's mortgage warehousing — interest and dividend income operating increased by 16.9% year-over-year, from $86.12M to $100.65M.
What is the long-term trend for Merchants Bancorp's mortgage warehousing — interest and dividend income operating?
Over 4 years (2021 to 2025), Merchants Bancorp's mortgage warehousing — interest and dividend income operating has grown at a 32.5% compound annual growth rate (CAGR), from $134.12M to $413.66M.
What does mortgage warehousing — interest and dividend income operating mean?
Represents the total gross interest and dividend revenue generated from the mortgage warehousing business segment. This reflects the income earned from providing short-term financing to mortgage originators before loans are sold to secondary market investors. It serves as a primary indicator of the scale and volume of the bank's warehouse lending activities.