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Merchants Bancorp MBIN Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Net Income Loss by Business
Banking$37.98M+23.4%$30.77M+4.1%$29.55M+103%$14.57M-69.1%$47.11M-16.3%
Mortgage Warehousing$28.65M-18.1%$35M+48.5%$23.56M+2.5%$22.99M+49.3%$15.4M-36.9%
Multi Family Mortgage Banking$11.01M-28.5%$15.4M+27.5%$12.08M+30.3%$9.27M+172%$3.41M-84.6%

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Questions, answered.

How does Merchants Bancorp break its business down?
Merchants Bancorp (MBIN) reports net income loss by business across 3 parts — Banking, Mortgage Warehousing and Multi Family Mortgage Banking. Each is extracted from the segment footnotes and tracked over time.
Where does Merchants Bancorp's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Merchants Bancorp's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.