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Merchants Bancorp MBIN Share Buybacks

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Other financials

Income statement

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Revenue$182.2M+1.7%
Net income$78.3M+106%
EPS (diluted)$1.48+147%

Balance sheet

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Cash & equivalents$314.7M-51.4%
Total debt$4.3B+7.0%
Total equity$2.4B+9.6%
Total assets$21.2B+10.9%

Cash flow

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Operating cash flow-$597.3M-503%
CapEx$2.4M-45.8%
Free cash flow-$598.5M-524%

Valuation

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Market cap$2.49B+75.8%
Enterprise value$6.48B+35.2%
P/E9.3×+3.7×
P/S3.5×+1.4×

Profitability

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Net margin37.6%-0.2pp
FCF margin-155%-376pp

Returns & leverage

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Return on equity11.7%-0.7pp
Debt / equity1.8×0.0×

Where this comes from

Reported directly by Merchants Bancorp in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfCommonStock.

The source filing: Merchants Bancorp’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-057107
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Proceeds from borrowings69,470,00058,640,042
Repayment of borrowings(68,539,101)(59,014,014)
Payment of credit linked notes(10,605)
Repurchase of common stock(3,002)
Dividends(15,319)(14,854)
Net cash provided by (used in) financing activities803,594(102,449)
Net Change in Cash and Cash Equivalents(128,987)44,686
Cash and Cash Equivalents, Beginning of Period212,202476,610

Item 1. Interim Financial Statements (Unaudited)

FAQ

What is Merchants Bancorp's share buybacks?
Merchants Bancorp (MBIN) reported share buybacks of $3M in Q1 2026.
What does share buybacks mean?
Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

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