Merchants Bancorp MBIN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Income Loss by Business | ||||||
| Banking | $37.98M-19.4% | $30.77M-45.3% | $29.55M-34.3% | $14.57M-72.2% | $47.11M-16.5% | |
| Mortgage Warehousing | $28.65M+86.1% | $35M+43.4% | $23.56M+47.8% | $22.99M+3.2% | $15.4M-23.7% | |
| Multi Family Mortgage Banking | $11.01M+223% | $15.4M-30.6% | $12.08M+49.7% | $9.27M+2.6% | $3.41M-79.5% | |
| Income Tax Expense Benefit by Business | ||||||
| Banking | $9.17M-35.6% | $1.73M-90.9% | $4.62M-67.5% | $3.65M-75.5% | $14.25M-17.2% | |
| Mortgage Warehousing | $7.06M+49.8% | $4.19M-49.7% | $3.98M-22.7% | $6.61M-2.7% | $4.72M-23.3% | |
| Multi Family Mortgage Banking | $3.5M+64.1% | $3M-59.7% | $3.33M-5.1% | $3.38M-1.0% | $2.13M-64.6% | |
| Noninterest Income by Business | ||||||
| Banking | $6.28M+689% | —— | $775K+109% | $3.28M+175% | -$1.07M-349% | |
| Mortgage Warehousing | $4.32M+684% | $5.99M+48.9% | $523K+109% | $6.82M+291% | -$740K-122% | |
| Multi Family Mortgage Banking | $39.09M+35.3% | $49.97M-16.9% | $45.26M+27.7% | $44.75M+39.9% | $28.9M-28.6% | |
| Interest Income Expense Net by Business | ||||||
| Banking | $84.63M-3.8% | $90.27M-4.4% | $86.72M-7.2% | $89.9M-0.2% | $87.94M-5.0% | |
| Mortgage Warehousing | $38.57M+35.6% | $42.47M+22.0% | $35.76M+8.2% | $32.95M-0.1% | $28.45M-1.1% | |
| Multi Family Mortgage Banking | $1.04M-10.2% | $1.15M-2.2% | $1.1M-3.2% | $1.12M+0.3% | $1.16M-32.8% | |
| Interest And Dividend Income Operating by Business | ||||||
| Banking | $165.16M-15.8% | $185.74M-13.5% | $187.46M-18.3% | $198.54M-10.9% | $196.04M-12.6% | |
| Mortgage Warehousing | $100.65M+16.9% | $117.23M+15.0% | $109.54M+5.6% | $100.77M-0.4% | $86.12M+1.4% | |
| Multi Family Mortgage Banking | $1.06M-10.0% | $1.17M-2.2% | $1.12M-3.2% | $1.14M+0.3% | $1.18M-32.4% | |
| Noninterest Expense by Business | ||||||
| Banking | $27.75M+60.3% | $28.26M+86.6% | $25.43M+49.9% | $23.36M+55.9% | $17.31M+11.1% | |
| Mortgage Warehousing | $7.89M-1.7% | $8.95M+52.5% | $7.4M+12.2% | $8.4M+79.6% | $8.02M+67.2% | |
| Multi Family Mortgage Banking | $25.63M+4.3% | $32.73M+2.5% | $30.96M+20.3% | $33.57M+62.6% | $24.56M+25.5% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Banking | 4,715,200,000%-1,420,700,000pp | 3,250,600,000%-4,283,700,000pp | 3,417,100,000%-2,502,900,000pp | 1,822,800,000%-4,905,400,000pp | 6,135,900,000%-1,227,100,000pp | |
| Mortgage Warehousing | 3,570,900,000%+1,559,600,000pp | 3,918,700,000%+646,100,000pp | 2,754,200,000%+645,400,000pp | 2,959,100,000%+53,400,000pp | 2,011,300,000%-622,700,000pp | |
| Multi Family Mortgage Banking | 1,451,000,000%+896,600,000pp | 1,840,000,000%-1,123,600,000pp | 1,540,200,000%+383,000,000pp | 1,264,600,000%+19,900,000pp | 554,400,000%-1,707,800,000pp | |
| Total Assets by Business | ||||||
| Banking | $10.85B-9.6% | $11.31B-3.9% | $11.52B-4.3% | $11.4B-4.0% | $12B+2.1% | |
| Mortgage Warehousing | $8.54B+44.8% | $7.25B+20.8% | $6.99B+19.7% | $7B+24.4% | $5.9B+9.9% | |
| Multi Family Mortgage Banking | $522.98M+13.6% | $526.42M+9.9% | $513.04M+13.2% | $487.85M+13.9% | $460.44M+10.6% | |
| Interest Income Expense After Provision For Loan Loss by Business | ||||||
| Banking | $68.62M-13.9% | $62.82M-31.5% | $58.82M-30.9% | $38.31M-52.7% | $79.74M-10.2% | |
| Mortgage Warehousing | $39.27M+36.0% | $42.15M+21.9% | $34.42M+2.0% | $31.17M-2.6% | $28.87M+3.8% | |
| Multi Family Mortgage Banking | $1.05M-13.2% | $1.16M-19.6% | $1.11M-41.1% | $1.46M+31.2% | $1.21M-30.0% | |
| Interest Expense Operating by Business | ||||||
| Banking | $80.53M-25.5% | $95.47M-20.7% | $100.74M-26.0% | $108.65M-18.2% | $108.11M-17.9% | |
| Mortgage Warehousing | $62.08M+7.6% | $74.77M+11.4% | $73.78M+4.3% | $67.82M-0.5% | $57.67M+2.7% | |
| Multi Family Mortgage Banking | $20K0.0% | $20K0.0% | $20K0.0% | $20K0.0% | $20K0.0% | |
| Other Miscellaneous Noninterest Expense by Business | ||||||
| Banking | $21M+93.9% | —— | —— | —— | $10.83M+0.2% | |
| Mortgage Warehousing | $5.92M-2.1% | —— | —— | —— | $6.04M+75.0% | |
| Multi Family Mortgage Banking | $4.65M+28.1% | —— | —— | —— | $3.63M-28.2% | |
| Labor And Related Expense by Business | ||||||
| Banking | $6.75M+4.2% | —— | —— | —— | $6.48M+33.3% | |
| Mortgage Warehousing | $1.97M-0.5% | —— | —— | —— | $1.98M-2.6% | |
| Multi Family Mortgage Banking | $20.98M+0.2% | —— | —— | —— | $20.93M+7.8% | |
| Provision For Loan Lease And Other Losses by Business | ||||||
| Banking | $16.01M+95.3% | $27.45M+912% | $27.9M+234% | $51.59M+475% | $8.2M+117% | |
| Mortgage Warehousing | -$707K-66.0% | $318K+32.5% | $1.34M+289% | $1.79M+79.4% | -$426K-145% | |
| Multi Family Mortgage Banking | -$7K+85.4% | -$5K+98.1% | -$5K+99.3% | -$345K— | -$48K— | |
| Fair Value Adjustment Of Servicing Assets by Business | ||||||
| Banking | $1.56M+230% | -$275K-111% | -$394K+75.5% | -$487K-188% | -$1.2M-254% | |
| Multi Family Mortgage Banking | $7.38M+1,543% | $96K-98.8% | $2.52M+149% | $745K-83.5% | $449K-96.6% |
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.
