MBINNasdaqState Commercial BanksFiscal year ends December 31Also trades as MBINL, MBINM, MBINN

Merchants Bancorp

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026

$47.61−1.16 (-2.38%)

Close on Oct 19, 2026

Market cap: $2.19B
P/E (TTM): 9.6
Dividend yield: 0.84%

Merchants Bancorp income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31
Revenue	681	671	563	444	435	352	169	140	114	82	69
Interest Expense	–	–	630	162	34	59	90	51	28	19	14
Interest & Investment Income	14	18	12	4.04	0.82	2.93	11	9.26	4.43	2.29	1.09
Pretax Income	264	423	348	291	305	243	102	84	77	55	47
Income Tax Expense	45	102	69	71	78	63	25	21	22	22	19
Net Income incl. Noncontrolling Interests	–	–	279	220	227	181	77	63	55	33	28
Net Income	219	320	279	220	227	181	77	63	55	33	28
Preferred Dividends	41	35	35	26	21	14	9.22	3.33	3.33	2.00	0
Net Income to Common	174	284	245	194	206	166	68	60	51	31	28
EPS (Basic)(per share)	3.78	6.32	5.66	4.49	4.78	3.85	1.58	1.39	1.52	0.98	0.90
EPS (Diluted)(per share)	3.78	6.30	5.64	4.47	4.76	3.85	1.58	1.38	1.52	0.98	0.90
Shares Outstanding (Basic, Weighted)(shares)	46	45	43	43	43	43	43	43	34	32	32
Shares Outstanding (Diluted, Weighted)(shares)	46	45	43	43	43	43	43	43	34	32	32
Dividend per Share(per share)	0.40	0.36	0.32	0.28	0.24	0.21	0.19	0.16	0.13	0.13	0.13
Total Interest Income	1,201	1,303	1,078	481	312	283	212	141	94	73	56
Net Interest Income	517	523	448	319	278	224	122	90	67	54	42
Non-Interest Income	164	148	115	126	157	127	47	50	48	29	27
Provision for Credit Losses	118	24	40	17	5.01	12	-3.94	-4.63	-2.47	-0.96	-0.96
Non-Interest Expense	300	224	175	136	125	96	63	51	35	27	21

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 37.6%
Return on equity, FY2025: 9.7%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 9.6
Price to sales: 3.07
Price to book: 0.92
Dividend yield: 0.84%