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Merchants Bancorp MBIN Mortgage Warehousing — Noninterest Income

Other segment segments

Multi Family Mortgage Banking
$39.09M+35.3%
Banking
$6.28M+689%

Similar metrics at other companies

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FBPMortgage Banking — Noninterest Income
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$796K+43.7%
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$24K+20.0%
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HTHMortgage Origination — Noninterest Income
$72.97M+7.7%
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SFNCMortgage lending income — Non-interest income
$1.85M-7.9%
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WSBCNon Interest Income Derived From Mortgage Banking Activities
$1.55M+45.1%

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:NoninterestIncome.

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 — noninterest income?
Merchants Bancorp (MBIN) reported mortgage warehousing — noninterest income of $4.32M in Q1 2026.
How has Merchants Bancorp's mortgage warehousing — noninterest income changed year-over-year?
Merchants Bancorp's mortgage warehousing — noninterest income increased by 683.9% year-over-year, from -$740K to $4.32M.
What is the long-term trend for Merchants Bancorp's mortgage warehousing — noninterest income?
Over 4 years (2021 to 2025), Merchants Bancorp's mortgage warehousing — noninterest income has grown at a 0.4% compound annual growth rate (CAGR), from $12.4M to $12.6M.
What does mortgage warehousing — noninterest income mean?
Includes all revenue generated by the mortgage warehousing segment that is not derived from interest-bearing assets, such as fees for services, processing, or other administrative charges. This metric highlights the segment's ability to diversify its revenue streams beyond traditional interest spreads. It is an important indicator of the segment's operational versatility and fee-based service capabilities.