Merchants Bancorp MBIN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '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% | |
| Income Tax Expense Benefit by Business | ||||||
| Banking | $9.17M+429% | $1.73M-62.5% | $4.62M+26.4% | $3.65M-74.4% | $14.25M-25.2% | |
| Mortgage Warehousing | $7.06M+68.5% | $4.19M+5.4% | $3.98M-39.8% | $6.61M+40.1% | $4.72M-43.4% | |
| Multi Family Mortgage Banking | $3.5M+16.4% | $3M-9.7% | $3.33M-1.5% | $3.38M+58.5% | $2.13M-71.4% | |
| Noninterest Income by Business | ||||||
| Banking | $6.28M— | —— | $775K-76.4% | $3.28M+408% | -$1.07M+13.3% | |
| Mortgage Warehousing | $4.32M-27.9% | $5.99M+1,046% | $523K-92.3% | $6.82M+1,022% | -$740K-118% | |
| Multi Family Mortgage Banking | $39.09M-21.8% | $49.97M+10.4% | $45.26M+1.1% | $44.75M+54.9% | $28.9M-52.0% | |
| Interest Income Expense Net by Business | ||||||
| Banking | $84.63M-6.2% | $90.27M+4.1% | $86.72M-3.5% | $89.9M+2.2% | $87.94M-6.9% | |
| Mortgage Warehousing | $38.57M-9.2% | $42.47M+18.8% | $35.76M+8.5% | $32.95M+15.8% | $28.45M-18.3% | |
| Multi Family Mortgage Banking | $1.04M-9.6% | $1.15M+4.6% | $1.1M-1.4% | $1.12M-3.6% | $1.16M-1.6% | |
| Interest And Dividend Income Operating by Business | ||||||
| Banking | $165.16M-11.1% | $185.74M-0.9% | $187.46M-5.6% | $198.54M+1.3% | $196.04M-8.7% | |
| Mortgage Warehousing | $100.65M-14.1% | $117.23M+7.0% | $109.54M+8.7% | $100.77M+17.0% | $86.12M-15.5% | |
| Multi Family Mortgage Banking | $1.06M-9.5% | $1.17M+4.5% | $1.12M-1.4% | $1.14M-3.6% | $1.18M-1.6% | |
| Noninterest Expense by Business | ||||||
| Banking | $27.75M-1.8% | $28.26M+11.1% | $25.43M+8.8% | $23.36M+35.0% | $17.31M+14.3% | |
| Mortgage Warehousing | $7.89M-11.9% | $8.95M+21.0% | $7.4M-11.9% | $8.4M+4.7% | $8.02M+36.6% | |
| Multi Family Mortgage Banking | $25.63M-21.7% | $32.73M+5.7% | $30.96M-7.8% | $33.57M+36.7% | $24.56M-23.1% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Banking | 4,715,200,000%+1,464,600,000pp | 3,250,600,000%-166,500,000pp | 3,417,100,000%+1,594,300,000pp | 1,822,800,000%-4,313,100,000pp | 6,135,900,000%-1,398,400,000pp | |
| Mortgage Warehousing | 3,570,900,000%-347,800,000pp | 3,918,700,000%+1,164,500,000pp | 2,754,200,000%-204,900,000pp | 2,959,100,000%+947,800,000pp | 2,011,300,000%-1,261,300,000pp | |
| Multi Family Mortgage Banking | 1,451,000,000%-389,000,000pp | 1,840,000,000%+299,800,000pp | 1,540,200,000%+275,600,000pp | 1,264,600,000%+710,200,000pp | 554,400,000%-2,409,200,000pp | |
| Total Assets by Business | ||||||
| Banking | $10.85B-4.0% | $11.31B-1.9% | $11.52B+1.0% | $11.4B-5.0% | $12B+2.1% | |
| Mortgage Warehousing | $8.54B+17.8% | $7.25B+3.7% | $6.99B-0.1% | $7B+18.6% | $5.9B-1.6% | |
| Multi Family Mortgage Banking | $522.98M-0.7% | $526.42M+2.6% | $513.04M+5.2% | $487.85M+6.0% | $460.44M-3.9% | |
| Interest Income Expense After Provision For Loan Loss by Business | ||||||
| Banking | $68.62M+9.2% | $62.82M+6.8% | $58.82M+53.5% | $38.31M-52.0% | $79.74M-13.1% | |
| Mortgage Warehousing | $39.27M-6.8% | $42.15M+22.5% | $34.42M+10.4% | $31.17M+7.9% | $28.87M-16.5% | |
| Multi Family Mortgage Banking | $1.05M-9.4% | $1.16M+4.6% | $1.11M-24.3% | $1.46M+21.1% | $1.21M-16.2% | |
| Interest Expense Operating by Business | ||||||
| Banking | $80.53M-15.7% | $95.47M-5.2% | $100.74M-7.3% | $108.65M+0.5% | $108.11M-10.2% | |
| Mortgage Warehousing | $62.08M-17.0% | $74.77M+1.3% | $73.78M+8.8% | $67.82M+17.6% | $57.67M-14.1% | |
| Multi Family Mortgage Banking | $20K0.0% | $20K0.0% | $20K0.0% | $20K0.0% | $20K0.0% | |
| Other Miscellaneous Noninterest Expense by Business | ||||||
| Banking | $21M— | —— | —— | —— | $10.83M+0.2% | |
| Mortgage Warehousing | $5.92M— | —— | —— | —— | $6.04M+75.0% | |
| Multi Family Mortgage Banking | $4.65M— | —— | —— | —— | $3.63M-28.2% | |
| Labor And Related Expense by Business | ||||||
| Banking | $6.75M— | —— | —— | —— | $6.48M+33.3% | |
| Mortgage Warehousing | $1.97M— | —— | —— | —— | $1.98M-2.6% | |
| Multi Family Mortgage Banking | $20.98M— | —— | —— | —— | $20.93M+7.8% | |
| Provision For Loan Lease And Other Losses by Business | ||||||
| Banking | $16.01M-41.7% | $27.45M-1.6% | $27.9M-45.9% | $51.59M+529% | $8.2M+203% | |
| Mortgage Warehousing | -$707K-322% | $318K-76.3% | $1.34M-24.8% | $1.79M+519% | -$426K-278% | |
| Multi Family Mortgage Banking | -$7K-40.0% | -$5K0.0% | -$5K+98.6% | -$345K-619% | -$48K+81.7% | |
| Fair Value Adjustment Of Servicing Assets by Business | ||||||
| Banking | $1.56M+667% | -$275K+30.2% | -$394K+19.1% | -$487K+59.5% | -$1.2M-148% | |
| Multi Family Mortgage Banking | $7.38M+7,586% | $96K-96.2% | $2.52M+238% | $745K+65.9% | $449K-94.3% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.