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Segments

By segment

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Banking$47.34M+225%
Mortgage Warehousing$30.6M+33.1%
Multi Family Mortgage Banking$10.34M+11.5%

Other financials

Income statement

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Revenue$182.2M+1.7%
EPS (diluted)$1.48+147%

Balance sheet

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Cash & equivalents$314.7M-51.4%
Total debt$4.3B+7.0%
Total equity$2.4B+9.6%
Total assets$21.2B+10.9%

Cash flow

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Operating cash flow-$597.3M-503%
CapEx$2.4M-45.8%
Free cash flow-$598.5M-524%

Valuation

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Market cap$2.48B+75.9%
Enterprise value$6.47B+35.2%
P/E9.3×+3.7×
P/S3.5×+1.4×

Profitability

See full
Net margin37.6%-0.2pp
FCF margin-155%-376pp

Returns & leverage

See full
Return on equity11.7%-0.7pp
Debt / equity1.8×0.0×

Where this comes from

Reported directly by Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Merchants Bancorp’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-092702

FAQ

What is Merchants Bancorp's net income?
Merchants Bancorp (MBIN) reported net income of $78.3M in Q2 2026.
How has Merchants Bancorp's net income changed year-over-year?
Merchants Bancorp's net income increased by 106.2% year-over-year, from $37.98M to $78.3M.
What is the long-term trend for Merchants Bancorp's net income?
Over 4 years (2021 to 2025), Merchants Bancorp's net income has grown at a -0.9% compound annual growth rate (CAGR), from $227.1M to $218.77M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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