Where do Merchants Bancorp's ratios come from?

Every ratio is computed from Merchants Bancorp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Merchants Bancorp MBIN Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	32.1%0.0pp	32.1%-3.6pp	35.7%-2.1pp	37.9%-7.1pp	44.9%-2.8pp
Returns
Return on equity	10.2%+0.5pp	9.7%-2.2pp	11.8%-0.6pp	12.4%-2.4pp	14.8%-1.4pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	2.1×+0.4×	1.7×+0.4×	1.3×-0.5×	1.8×0.0×	1.9×-0.1×
Per Share
Book value per share	$50.66+2.1%	$49.64+2.5%	$48.43+1.8%	$47.56+1.1%	$47.06-5.6%
Valuation
Market capitalization	$1.97B+26.2%	$1.56B+7.1%	$1.46B-3.2%	$1.51B-11.1%	$1.7B+1.6%
Price / earnings	8.6×+1.5×	7.1×+1.2×	5.9×0.0×	6×+0.1×	5.8×+0.6×
Price / sales	2.8×+0.5×	2.3×+0.2×	2.1×-0.1×	2.3×-0.4×	2.6×+0.1×
Price / book	0.8×+0.2×	0.7×0.0×	0.7×0.0×	0.7×-0.1×	0.8×0.0×
Dividend yield	3%-0.8pp	3.8%-0.3pp	4.1%+0.3pp	3.7%+0.6pp	3.2%+0.1pp

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Where do Merchants Bancorp's ratios come from?: Every ratio is computed from Merchants Bancorp's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.