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Merchants Bancorp MBIN Multi Family Mortgage Banking — Income Tax Expense Benefit

Other segment segments

Banking
$9.17M-35.6%
Mortgage Warehousing
$7.06M+49.8%

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MFAMortgage-Related Assets — Provision for/(benefit from) income taxes
$0
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CIMMortgage Origination — Income tax (benefit) expense
$42K
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QCRHCommercial Banking — Income Tax Expense Benefit
$1.97M+119%

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:IncomeTaxExpenseBenefit.

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 multi family mortgage banking — income tax expense benefit?
Merchants Bancorp (MBIN) reported multi family mortgage banking — income tax expense benefit of $3.5M in Q1 2026.
How has Merchants Bancorp's multi family mortgage banking — income tax expense benefit changed year-over-year?
Merchants Bancorp's multi family mortgage banking — income tax expense benefit increased by 64.1% year-over-year, from $2.13M to $3.5M.
What is the long-term trend for Merchants Bancorp's multi family mortgage banking — income tax expense benefit?
Over 4 years (2021 to 2025), Merchants Bancorp's multi family mortgage banking — income tax expense benefit has grown at a -11.8% compound annual growth rate (CAGR), from $19.57M to $11.84M.
What does multi family mortgage banking — income tax expense benefit mean?
This represents the total income tax provision or benefit allocated to the Multi-family Mortgage Banking segment for the reporting period. It reflects the tax impact of the segment's pre-tax earnings based on applicable statutory rates and tax adjustments. Monitoring this helps investors understand the segment's effective tax rate and its contribution to the company's overall tax profile.