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Merchants Bancorp MBIN Multi Family Mortgage Banking — Net Income Loss

Other segment segments

Banking
$37.98M-19.4%
Mortgage Warehousing
$28.65M+86.1%

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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$2.29B+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:NetIncomeLoss.

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 — net income loss?
Merchants Bancorp (MBIN) reported multi family mortgage banking — net income loss of $11.01M in Q1 2026.
How has Merchants Bancorp's multi family mortgage banking — net income loss changed year-over-year?
Merchants Bancorp's multi family mortgage banking — net income loss increased by 222.7% year-over-year, from $3.41M to $11.01M.
What is the long-term trend for Merchants Bancorp's multi family mortgage banking — net income loss?
Over 4 years (2021 to 2025), Merchants Bancorp's multi family mortgage banking — net income loss has grown at a -6.0% compound annual growth rate (CAGR), from $51.5M to $40.16M.
What does multi family mortgage banking — net income loss mean?
This is the bottom-line profit or loss generated by the Multi-family Mortgage Banking segment after accounting for all operating expenses, interest, provisions for losses, and taxes. It serves as the primary indicator of the segment's financial performance and its ability to generate value for the parent organization. A consistent positive trend indicates strong operational health and market demand for the segment's financing services.