Merchants Bancorp MBIN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net Income Loss by Business | ||||||
| Banking | $112.88M-43.8% | $122.01M-41.9% | $147.52M-27.6% | $162.95M-22.9% | $200.76M-0.4% | |
| Mortgage Warehousing | $110.19M+41.3% | $96.94M+17.1% | $86.35M+1.9% | $78.73M-11.3% | $78.01M-8.3% | |
| Multi Family Mortgage Banking | $47.76M+11.8% | $40.16M-28.2% | $46.94M+11.0% | $42.93M-12.2% | $42.7M-16.5% | |
| Income Tax Expense Benefit by Business | ||||||
| Banking | $19.18M-69.3% | $24.26M-62.9% | $41.58M-30.7% | $51.18M-17.5% | $62.43M+21.4% | |
| Mortgage Warehousing | $21.84M-12.6% | $19.49M-26.2% | $23.62M-7.2% | $24.79M-6.1% | $24.97M+29.8% | |
| Multi Family Mortgage Banking | $13.2M-20.0% | $11.84M-41.9% | $16.29M+3.1% | $16.47M-4.7% | $16.5M+16.0% | |
| Noninterest Income by Business | ||||||
| Mortgage Warehousing | $17.66M+1,796% | $12.6M+318% | $10.63M+41.4% | $4.03M-73.9% | -$1.04M-106% | |
| Multi Family Mortgage Banking | $179.07M+14.5% | $168.87M+0.5% | $179.04M+21.2% | $169.23M+13.2% | $156.46M+5.8% | |
| Interest Income Expense Net by Business | ||||||
| Banking | $351.52M-3.9% | $354.82M-4.2% | $358.98M-2.0% | $365.68M+2.2% | $365.83M+5.2% | |
| Mortgage Warehousing | $149.74M+15.8% | $139.63M+7.7% | $131.97M+7.1% | $129.25M+9.7% | $129.28M+21.8% | |
| Multi Family Mortgage Banking | $4.42M-3.9% | $4.53M-12.1% | $4.56M-20.6% | $4.6M-25.5% | $4.59M-26.9% | |
| Interest And Dividend Income Operating by Business | ||||||
| Banking | $736.9M-14.6% | $767.79M-13.9% | $796.88M-11.4% | $839M-4.5% | $863.25M+1.9% | |
| Mortgage Warehousing | $428.19M+9.0% | $413.66M+5.6% | $398.33M+6.4% | $392.57M+10.3% | $392.96M+23.2% | |
| Multi Family Mortgage Banking | $4.5M-3.8% | $4.61M-11.9% | $4.64M-20.3% | $4.68M-25.1% | $4.67M-26.5% | |
| Noninterest Expense by Business | ||||||
| Banking | $104.79M+62.7% | $94.35M+50.6% | $81.24M+42.3% | $72.78M+42.5% | $64.4M+33.6% | |
| Mortgage Warehousing | $32.63M+29.7% | $32.77M+49.4% | $29.68M+50.8% | $28.88M+68.8% | $25.16M+56.8% | |
| Multi Family Mortgage Banking | $122.89M+19.4% | $121.82M+24.4% | $121.04M+26.0% | $115.82M+29.4% | $102.9M+15.9% | |
| Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Banking | 13,205,700,000%-13,112,700,000pp | 14,626,400,000%-12,919,100,000pp | 18,910,100,000%-7,467,600,000pp | 21,413,000,000%-5,917,000,000pp | 26,318,400,000%+1,023,200,000pp | |
| Mortgage Warehousing | 13,202,900,000%+2,904,500,000pp | 11,643,300,000%+722,200,000pp | 10,997,200,000%-25,500,000pp | 10,351,800,000%-1,163,300,000pp | 10,298,400,000%-132,800,000pp | |
| Multi Family Mortgage Banking | 6,095,800,000%+175,900,000pp | 5,199,200,000%-2,428,500,000pp | 6,322,800,000%+513,100,000pp | 5,939,800,000%-678,500,000pp | 5,919,900,000%-613,500,000pp | |
| Total Assets by Business | ||||||
| Banking | $45.08B-5.5% | $46.24B-2.5% | $46.69B-1.6% | $47.2B+1.4% | $47.68B+4.9% | |
| Mortgage Warehousing | $29.79B+27.5% | $27.15B+18.9% | $25.9B+21.2% | $24.74B+22.0% | $23.37B+22.2% | |
| Multi Family Mortgage Banking | $2.05B+12.6% | $1.99B+11.9% | $1.94B+13.5% | $1.88B+14.1% | $1.82B+14.2% | |
| Interest Income Expense After Provision For Loan Loss by Business | ||||||
| Banking | $228.57M-32.3% | $239.69M-30.9% | $268.58M-20.6% | $294.84M-11.6% | $337.6M+8.2% | |
| Mortgage Warehousing | $147.01M+13.8% | $136.61M+6.6% | $129.03M+5.4% | $128.36M+9.9% | $129.18M+24.5% | |
| Multi Family Mortgage Banking | $4.78M-15.4% | $4.94M-19.9% | $5.22M-19.5% | $5.99M-2.8% | $5.64M-10.2% | |
| Interest Expense Operating by Business | ||||||
| Banking | $385.38M-22.5% | $412.96M-20.7% | $437.9M-17.9% | $473.32M-9.1% | $497.41M-0.3% | |
| Mortgage Warehousing | $278.44M+5.6% | $274.03M+4.5% | $266.36M+6.1% | $263.31M+10.6% | $263.68M+23.9% | |
| Multi Family Mortgage Banking | $80K0.0% | $80K0.0% | $80K0.0% | $80K+1.3% | $80K+11.1% | |
| Provision For Loan Lease And Other Losses by Business | ||||||
| Banking | $122.95M+336% | $115.14M+383% | $90.4M+220% | $70.85M+190% | $28.23M-21.0% | |
| Mortgage Warehousing | $2.74M+2,639% | $3.02M+106% | $2.94M— | $890K— | $100K— | |
| Multi Family Mortgage Banking | -$362K— | -$403K— | -$660K— | -$1.4M— | —— | |
| Fair Value Adjustment Of Servicing Assets by Business | ||||||
| Banking | $403K+70.8% | -$2.36M-206% | $411K+507% | -$802K-148% | $236K-81.8% | |
| Multi Family Mortgage Banking | $10.74M+38.5% | $3.81M-81.4% | $11.62M-14.2% | $3.98M-79.7% | $7.76M-51.8% |
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.