Skip to content
Screener

Merchants Bancorp MBIN Mortgage Warehousing — Labor And Related Expense

Other segment segments

Multi Family Mortgage Banking
$22.25M-22.5%
Banking
$5.38M-11.5%

Similar metrics at other companies

Covenant Logistics Group logo
CVLGWarehousing — Labor And Related Expense
$13.82M+11.9%
Bank of the James Financial Group logo
BOTJMortgage — Labor And Related Expense
$720K+15.8%
Colony Bankcorp logo
CBANMortgage — Labor And Related Expense
$2.09M+18.6%
RE/MAX Holdings logo
RMAXMortgage — Labor And Related Expense
$2.98M-7.4%
First Community Corporation logo
FCCOMortgage Banking1 — Labor And Related Expense
$844K+0.4%
C&F Financial logo
CFFIMortgage Banking — Labor And Related Expense
$2.26M+26.2%

Other financials

Income statement

See full
Revenue$182.2M+1.7%
Net income$78.3M+106%
EPS (diluted)$1.48+147%

Balance sheet

See full
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

See full
Operating cash flow-$597.3M-503%
CapEx$2.4M-45.8%
Free cash flow-$598.5M-524%

Valuation

See full
Market cap$2.48B+75.9%
Enterprise value$6.47B+35.2%
P/E9.3×+3.7×
P/S3.5×+1.4×

Profitability

See full
Net margin37.6%-0.2pp
FCF margin-155%-376pp

Returns & leverage

See full
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:LaborAndRelatedExpense.

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
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
Professional fees3,3283,1596,0956,053
Deposit insurance expense5,8937,15214,30114,380

Item 1. Interim Financial Statements (Unaudited)

FAQ

What is Merchants Bancorp's mortgage warehousing — labor and related expense?
Merchants Bancorp (MBIN) reported mortgage warehousing — labor and related expense of $2.28M in Q2 2026.
How has Merchants Bancorp's mortgage warehousing — labor and related expense changed year-over-year?
Merchants Bancorp's mortgage warehousing — labor and related expense increased by 41.9% year-over-year, from $1.61M to $2.28M.
What does mortgage warehousing — labor and related expense mean?
Captures the total costs associated with compensation, benefits, and payroll taxes for personnel dedicated to the mortgage warehousing segment. This is a primary component of the segment's operating overhead. Tracking this metric allows for the analysis of labor efficiency and the scalability of the segment's workforce relative to its revenue generation.

Ask your AI about Merchants Bancorp's mortgage warehousing — labor and related expense.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude