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Merchants Bancorp MBIN Mortgage Warehousing — Unrealized Gain Loss On Derivatives

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CIMMortgage Origination — Net unrealized gains (losses) on derivatives
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CIMMortgage Origination — Realized and Unrealized Gain (Loss) On Derivative Instruments
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AXMortgage Banking — Derivative, gain (loss) on derivative, net
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MFAMortgage-Related Assets — Net gain/(loss) on derivatives used for risk management purposes
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RFMortgage income — Gain or (Loss) of Derivatives Not Designated as Hedging Instruments
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PFSIDerivative Gain Loss On Derivative Net
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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$2.3B+16.3%

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:UnrealizedGainLossOnDerivatives.

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 — unrealized gain loss on derivatives?
Merchants Bancorp (MBIN) reported mortgage warehousing — unrealized gain loss on derivatives of $2.7M in Q1 2026.
How has Merchants Bancorp's mortgage warehousing — unrealized gain loss on derivatives changed year-over-year?
Merchants Bancorp's mortgage warehousing — unrealized gain loss on derivatives increased by 219.4% year-over-year, from -$2.26M to $2.7M.
What does mortgage warehousing — unrealized gain loss on derivatives mean?
This metric captures the change in fair value of derivative financial instruments used by the mortgage warehousing segment that have not yet been realized through settlement. These derivatives are typically employed to hedge interest rate risk associated with the mortgage pipeline. Fluctuations in this metric highlight the segment's exposure to market volatility and the effectiveness of its hedging strategies.