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Merchants Bancorp MBIN Multi Family Mortgage Banking — Noninterest Expense

Other segment segments

Banking
$27.75M+60.3%
Mortgage Warehousing
$7.89M-1.7%

Similar metrics at other companies

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FBPMortgage Banking — Other Noninterest Expense
$817K-15.9%
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FBPMortgage Banking — Direct Non Interest Expenses
$10.94M-0.5%
FB Financial logo
FBKMortgage — Total noninterest expense
$13.59M+7.5%
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NVRMortgage Banking — Interest Expense, Operating and Nonoperating
$333K+22.0%
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HTHMortgage Origination — Noninterest Expense
$74.4M-0.3%
First BanCorp logo
FBPMortgage Banking — Interest Expense Operating
$0

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:NoninterestExpense.

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 — noninterest expense?
Merchants Bancorp (MBIN) reported multi family mortgage banking — noninterest expense of $25.63M in Q1 2026.
How has Merchants Bancorp's multi family mortgage banking — noninterest expense changed year-over-year?
Merchants Bancorp's multi family mortgage banking — noninterest expense increased by 4.3% year-over-year, from $24.56M to $25.63M.
What is the long-term trend for Merchants Bancorp's multi family mortgage banking — noninterest expense?
Over 4 years (2021 to 2025), Merchants Bancorp's multi family mortgage banking — noninterest expense has grown at a 14.3% compound annual growth rate (CAGR), from $71.49M to $121.82M.
What does multi family mortgage banking — noninterest expense mean?
This metric represents the total operating expenses incurred by the multi-family mortgage banking segment, excluding interest expense. It is a comprehensive measure of the cost structure required to maintain the segment's business operations.