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Merchants Bancorp MBIN Multi Family Mortgage Banking — Interest Expense Operating

Other segment segments

Banking
$80.53M-25.5%
Mortgage Warehousing
$62.08M+7.6%

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FBPMortgage Banking — Direct Non Interest Expenses
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FBPMortgage Banking — Other Noninterest Expense
$817K-15.9%

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:InterestExpenseOperating.

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 — interest expense operating?
Merchants Bancorp (MBIN) reported multi family mortgage banking — interest expense operating of $20K in Q1 2026.
How has Merchants Bancorp's multi family mortgage banking — interest expense operating changed year-over-year?
Merchants Bancorp's multi family mortgage banking — interest expense operating decreased by 0.0% year-over-year, from $20K to $20K.
What is the long-term trend for Merchants Bancorp's multi family mortgage banking — interest expense operating?
Over 2 years (2023 to 2025), Merchants Bancorp's multi family mortgage banking — interest expense operating has grown at a 24.0% compound annual growth rate (CAGR), from $52K to $80K.
What does multi family mortgage banking — interest expense operating mean?
This metric measures the costs incurred by the multi-family mortgage banking segment to fund its operations and lending activities. It captures the interest paid on liabilities used to support the segment's mortgage banking and servicing operations.