What is Merchants Bancorp's operating cash flow?

Merchants Bancorp (MBIN) reported operating cash flow of -$597.32M in Q1 2026.

How has Merchants Bancorp's operating cash flow changed year-over-year?

Merchants Bancorp's operating cash flow decreased by 503.5% year-over-year, from $148.04M to -$597.32M.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Merchants Bancorp MBIN Operating Cash Flow

Operating Cash Flow at other companies

JPMorgan ChaseJPM

-$211.76B+15.9%

Walker & DunlopWD

-$1.14B-307%

Rocket CompaniesRKT

$1.86B+333%

Banner CorporationBANR

$109.84M+91.9%

Customers BancorpCUBI

$35.07M-62.7%

First Merchants CorporationFRME

$58.59M-5.0%

Other financials

Income statement

See full

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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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

See full

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:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Merchants Bancorp (MBIN) reported operating cash flow of -$597.32M in Q1 2026.
How has Merchants Bancorp's operating cash flow changed year-over-year?: Merchants Bancorp's operating cash flow decreased by 503.5% year-over-year, from $148.04M to -$597.32M.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.