Merchants Bancorp
Merchants Bancorp
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Preferred Stock Series C6 Percent | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Series D8.25 Percent | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Series E7.625 Percent | - | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |||||
Assets | |||||||||||||||||
Cash And Due From Banks | 18 | 20 | 16 | 12 | 15 | 16 | 11 | 12 | 10 | 18 | 16 | 11 | |||||
Interest Bearing Deposits In Banks | 297 | 64 | 196 | 586 | 632 | 506 | 466 | 590 | 531 | 491 | 569 | 397 | |||||
Cash And Cash Equivalents At Carrying Value | 315 | 83 | 212 | 598 | 647 | 521 | 477 | 602 | 541 | 509 | 584 | 407 | |||||
Securities Purchased Under Agreements To Resell | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | |||||
Trading Securities | 407 | 437 | 620 | 415 | 402 | 390 | 428 | 431 | 209 | 143 | 111 | 476 | |||||
Debt Securities Available For Sale Excluding Accru… | 820 | 844 | 865 | 885 | 936 | 961 | 980 | 953 | 1,017 | 1,061 | 1,114 | 625 | |||||
Debt Securities Held To Maturity Excluding Accrued… | 1,355 | 1,426 | 1,544 | 1,671 | 1,548 | 1,606 | 1,665 | 1,755 | 1,291 | 1,175 | 1,204 | 1,013 | |||||
Federal Home Loan Bank Stock | - | 228 | - | - | - | 218 | - | - | 67 | 64 | 49 | 48 | |||||
Loans Receivable Held For Sale Net Not Part Of Dis… | 4,616 | 4,710 | 3,873 | 4,129 | 4,106 | 3,983 | 3,772 | 3,808 | 3,483 | 3,503 | 3,145 | 3,477 | |||||
Financing Receivable Excluding Accrued Interest Af… | - | 11,400 | 10,951 | 10,515 | 10,432 | 10,344 | 10,354 | 10,262 | 10,933 | 10,691 | 10,128 | 9,911 | |||||
Property Plant And Equipment Net | 75 | 74 | 74 | 75 | 71 | 68 | 59 | 53 | 47 | 42 | 42 | 37 | |||||
Servicing Asset At Fair Value Amount | 237 | 230 | 217 | 213 | 193 | 190 | 190 | 177 | 179 | 172 | 158 | 162 | |||||
Interest Receivable | 82 | 77 | 82 | 82 | 82 | 83 | 83 | 87 | 90 | 90 | 91 | 78 | |||||
Goodwill | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 16 | 16 | |||||
Intangible Assets Net Excluding Goodwill | - | - | - | - | - | - | - | - | - | 0 | 1 | 1 | |||||
Other Real Estate | 72 | 60 | 60 | - | - | - | 8 | - | - | - | - | - | |||||
Assets | 21,230 | 20,322 | 19,449 | 19,355 | 19,141 | 18,798 | 18,806 | 18,653 | 18,212 | 17,823 | 16,953 | 16,495 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Deposits Interest Bearing… | |||||||||||||||||
Noninterest Bearing Deposit Liabilities | 607 | 502 | 604 | 400 | 316 | 313 | 239 | 311 | 383 | 320 | 520 | 288 | |||||
Interest Bearing Deposit Liabilities | 13,648 | 12,450 | 12,437 | 13,535 | 12,371 | 12,093 | 11,681 | 12,581 | 14,534 | 13,656 | 13,541 | 12,719 | |||||
Deposits | 14,254 | 12,952 | 13,041 | 13,935 | 12,687 | 12,406 | 11,920 | 12,892 | 14,917 | 13,976 | 14,061 | 13,007 | |||||
Debt Longterm And Shortterm Combined Amount | 4,283 | 4,773 | 3,843 | 2,903 | 4,009 | 4,002 | 4,386 | 3,569 | 1,159 | 1,836 | 964 | 1,654 | |||||
Other Liabilities | 249 | 220 | 251 | 263 | 231 | 193 | 231 | 234 | 223 | 191 | 206 | 183 | |||||
Liabilities | 18,836 | 17,991 | 17,168 | 17,129 | 16,957 | 16,637 | 16,562 | 16,714 | 16,324 | 16,046 | 15,251 | 14,863 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 244 | 243 | 243 | 242 | 241 | 241 | 240 | 239 | 238 | 140 | 140 | 140 | |||||
Retained Earnings Accumulated Deficit | 1,599 | 1,536 | 1,486 | 1,432 | 1,392 | 1,369 | 1,331 | 1,250 | 1,201 | 1,138 | 1,064 | 998 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -1 | -1 | -0 | -0 | -0 | -0 | -0 | 0 | -1 | -1 | -2 | -5 | |||||
Stockholders Equity | 2,394 | 2,330 | 2,281 | 2,225 | 2,185 | 2,161 | 2,243 | 1,939 | 1,888 | 1,776 | 1,701 | 1,633 | |||||
Liabilities And Stockholders Equity | 21,230 | 20,322 | 19,449 | 19,355 | 19,141 | 18,798 | 18,806 | 18,653 | 18,212 | 17,823 | 16,953 | 16,495 | |||||
Preferred Stock7 | - | - | - | - | - | - | 0 | 0 | -2 | 2 | 2 | 0 | |||||
Preferred Stock Series B6 Percent | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Debt Securities Available For Sale Excluding Accru… | 528 | 550 | 571 | 591 | 603 | 626 | 636 | 683 | 683 | 701 | 722 | - | |||||
Held To Maturity Securities Fair Value | 1,354 | 1,426 | 1,544 | 1,670 | 1,548 | 1,605 | 1,665 | 1,756 | 1,292 | 1,176 | 1,204 | 1,011 | |||||
Loans Held For Sale Fair Value Disclosure | 148 | 163 | 77 | 113 | 92 | 76 | 78 | 91 | 103 | 85 | 87 | 91 | |||||
Loans Receivable Fair Value Disclosure | 46 | 46 | 47 | - | - | - | 0 | - | - | - | - | - | |||||
Financing Receivable Allowance For Credit Loss Exc… | - | 77 | 83 | 93 | 92 | 83 | 84 | 85 | 81 | 76 | 72 | 67 | |||||
Stockholders Equity Numbe… | |||||||||||||||||
Common Stock Shares Authorized | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | 75 | |||||
Common Stock Shares Issued | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 43 | 43 | 43 | |||||
Shares Outstanding | - | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 46 | 43 | 43 | 43 | |||||
Preferred Stock Dividend Rate Percentage | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables
Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables
Custom Table
Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals
Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals
Interactive Financial Visualizations
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.75% | 7.12% | 2.15% | - | - | - | - | - | - | - | - | - |
| 2025 | 1.75% | 6.46% | 10.57% | 6.25% | 4.46% | 1.28% | 3.71% | 7.28% | 10.90% | -2.32% | 15.98% | 5.22% |
| 2024 | -15.58% | -14.36% | 11.10% | 14.57% | 11.48% | 7.57% | 4.88% | -7.46% | -0.68% | -5.88% | -19.92% | -17.83% |
| 2023 | - | - | - | -6.04% | -11.63% | -6.56% | 9.00% | 35.67% | 38.60% | -3.65% | 6.80% | -6.75% |
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial | ||||||||||||
Subscribe to unlock 17+ years of financial data and 90+ calculated metrics
Subscribe to unlock 17+ years of data and 90+ calculated metrics
Performance and Valuation Metrics
Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.
Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 14.56 | 10.59 | 9.27 | 10.98 | 11.33 | 12.36 | 2.98 | 1.94 | 1.70 | 1.51 | 1.50 | 1.57 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.61 | 4.74 | 4.76 | 5.30 | 5.50 | 6.35 | 7.12 | 6.02 | 6.61 | 6.56 | 5.64 | 5.50 | |||||
| Free Cash Flow Per Share TTM | -0.56 | -24.09 | -8.00 | -2.67 | -14.03 | -7.12 | -19.03 | -2.30 | -3.55 | -10.33 | -8.42 | -45.21 | |||||
| Dividend Per Share TTM | 1.30 | 1.30 | 1.30 | 0.97 | 0.91 | 1.17 | 1.14 | 1.06 | 1.09 | 1.13 | 1.12 | 1.11 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 45.26% | 44.21% | 43.06% | 42.28% | 41.41% | 40.58% | 40.12% | 31.07% | 30.89% | 30.82% | 31.31% | 44.24% | |||||
| Operating Profit Margin TTM | 27.48% | 22.94% | 21.97% | 26.16% | 26.72% | 30.17% | 32.44% | 30.49% | 33.53% | 32.94% | 32.28% | 34.13% | |||||
| Net Profit Margin TTM | 22.01% | 18.41% | 18.22% | 20.04% | 20.17% | 22.85% | 24.59% | 21.36% | 23.62% | 24.17% | 22.69% | 25.19% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -6.23% | -7.18% | -7.82% | -6.06% | 0.08% | 8.05% | 20.87% | 36.48% | 59.37% | 91.63% | 124.15% | 148.04% | |||||
| Net Income Growth (1Y) | 2.32% | -25.23% | -31.72% | -11.87% | -14.56% | 2.19% | 31.00% | 15.73% | 31.75% | 28.76% | 11.31% | 21.25% | |||||
| EPS Growth (1Y) | 2.20% | -25.41% | -33.23% | -12.12% | -17.01% | -3.43% | 26.24% | 9.36% | 27.81% | 28.39% | 11.15% | 20.88% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 8.89 | 9.02 | 7.11 | 5.95 | 5.95 | 5.74 | 5.02 | 7.31 | 5.99 | 6.40 | 7.34 | 4.89 | |||||
| P/B TTM | 0.96 | 0.84 | 0.68 | 0.65 | 0.69 | 0.77 | 0.72 | 1.04 | 0.94 | 1.03 | 1.05 | 0.71 | |||||
| P/S TTM | 1.96 | 1.66 | 1.29 | 1.19 | 1.20 | 1.31 | 1.24 | 1.56 | 1.41 | 1.55 | 1.66 | 1.23 | |||||
| Market Cap | 2.30B | 1.97B | 1.55B | 1.45B | 1.50B | 1.67B | 1.61B | 2.02B | 1.77B | 1.83B | 1.79B | 1.17B | |||||
| Enterprise Value | 1.98B | 1.88B | 1.34B | 850.17M | 854.15M | 1.15B | 1.13B | 1.42B | 1.23B | 1.32B | 1.21B | 759.03M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -25.67M | -1.11B | -366.91M | -122.64M | -643.80M | -326.41M | -853.67M | -105.15M | -158.21M | -447.43M | -363.93M | -1.95B | |||||
| Net Debt | -314.70M | -83.22M | -212.20M | -598.04M | -647.17M | -521.30M | -476.61M | -601.91M | -540.88M | -508.76M | -584.42M | -407.24M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Insider Transactions
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Institutional Ownership
Merchants Bancorp (MBIN) — SEC Financial Statements & Analysis
Merchants Bancorp (MBIN) is a state commercial banks company, incorporated in IN. Merchants Bancorp trades on Nasdaq as: MBIN, MBINL, MBINM, MBINN. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Merchants Bancorp reported a -6.23% year-over-year revenue growth, a Gross Profit Margin of 45.26% (TTM), a Price-to-Sales (P/S) ratio of 1.96x (TTM), a Price-to-Book (P/B) ratio of 0.96x (TTM), at a market cap of $2.30B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -6.23%
- Gross Profit Margin TTM
- 45.26%
- P/S TTM
- 1.96x
- P/B TTM
- 0.96x
- Market Cap
- $2.30B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Merchants Bancorp in?
Merchants Bancorp (MBIN) operates in the State Commercial Banks industry.
What is MBIN's market cap?
Merchants Bancorp (MBIN) has a market capitalization of $2.30B as of 2026-06-30.
What is MBIN's P/E ratio?
Merchants Bancorp (MBIN)'s trailing twelve month P/E ratio is 8.89x as of 2026-06-30.
What exchange does MBIN trade on?
Merchants Bancorp (MBIN) trades on the Nasdaq.
Where is Merchants Bancorp incorporated?
Merchants Bancorp is incorporated in IN.