What is Merchants Bancorp's net income?

Merchants Bancorp (MBIN) reported net income of $67.73M in Q1 2026.

How has Merchants Bancorp's net income changed year-over-year?

Merchants Bancorp's net income increased by 16.3% year-over-year, from $58.24M to $67.73M.

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.

Merchants Bancorp MBIN Net Income

Net Income at other companies

JPMorgan ChaseJPM

$16.49B+12.6%

Rocket CompaniesRKT

$297M+3,070%

Banner CorporationBANR

$54.72M+21.2%

First Merchants CorporationFRME

$28.16M-49.1%

PennyMac Financial Services, Inc.PFSI

$82.32M+7.9%

WaFd, Inc.WAFD

$65.55M+16.5%

Segments

By segment

See full

Banking$37.98M-19.4%

Mortgage Warehousing$28.65M+86.1%

Multi Family Mortgage Banking$11.01M+223%

Other financials

Income statement

See full

Revenue$175.2M+20.1%

EPS (diluted)$1.25+34.4%

Balance sheet

See full

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

See full

Operating cash flow-$597.3M-503%

CapEx$1.1M-83.3%

Free cash flow-$598.5M-524%

Valuation

See full

Market cap$2.29B+16.3%

Enterprise value$7B+28.8%

P/E10×+3.3×

P/S3.2×+0.2×

Profitability

See full

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:NetIncomeLoss.

The official record: Merchants Bancorp’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

Ask your AI about Merchants Bancorp's net income.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Merchants Bancorp's net income?: Merchants Bancorp (MBIN) reported net income of $67.73M in Q1 2026.
How has Merchants Bancorp's net income changed year-over-year?: Merchants Bancorp's net income increased by 16.3% year-over-year, from $58.24M to $67.73M.
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.