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Merchants Bancorp MBIN Net margin

Net margin at other companies

JPMorgan ChaseJPM

31.5%-1.5pp

Walker & DunlopWD

9.3%+0.4pp

Rocket CompaniesRKT

-1.8%-2.4pp

Customers BancorpCUBI

31.2%+9.8pp

First Merchants CorporationFRME

30.1%-1.8pp

Ameris BancorpABCB

35.2%+3.1pp

Other financials

Income statement

Revenue$175.2M+20.1%

Net income$67.7M+16.3%

EPS (diluted)$1.25+34.4%

Balance sheet

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

Operating cash flow-$597.3M-503%

CapEx$1.1M-83.3%

Free cash flow-$598.5M-524%

Valuation

Market cap$2.29B+16.3%

Enterprise value$7B+28.8%

P/E10×+3.3×

P/S3.2×+0.2×

Profitability

FCF margin-155%-376pp

Returns & leverage

Return on equity10.2%-4.6pp

Debt / equity2.1×+0.2×

Where this comes from

Calculated from Merchants Bancorp’s reported figures.

net income/total revenue=32.1%

Based on trailing twelve months.

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 net margin?: Merchants Bancorp (MBIN) reported net margin of 32.1% in Q1 2026.
How has Merchants Bancorp's net margin changed year-over-year?: Merchants Bancorp's net margin decreased by 28.6% year-over-year, from 44.9% to 32.1%.
What is the long-term trend for Merchants Bancorp's net margin?: Over 5 years (2020 to 2025), Merchants Bancorp's net margin has grown at a -9.0% compound annual growth rate (CAGR), from 51.3% to 32.1%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.