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Merchants Bancorp MBIN Mortgage Warehousing — Other Miscellaneous Noninterest Expense

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ESN
ESNTMortgage Insurance — Other underwriting and operating expenses
$26.07M-7.4%

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 mortgage warehousing — other miscellaneous noninterest expense?
Merchants Bancorp (MBIN) reported mortgage warehousing — other miscellaneous noninterest expense of $5.92M in Q1 2026.
How has Merchants Bancorp's mortgage warehousing — other miscellaneous noninterest expense changed year-over-year?
Merchants Bancorp's mortgage warehousing — other miscellaneous noninterest expense decreased by 2.1% year-over-year, from $6.04M to $5.92M.
What does mortgage warehousing — other miscellaneous noninterest expense mean?
Represents various operational costs incurred by the mortgage warehousing segment that do not fall under labor or interest expenses, such as technology, occupancy, or administrative overhead. This metric is used to monitor the segment's non-personnel operating efficiency. High or rising levels may indicate increased complexity or potential inefficiencies in segment operations.