Merchants Bancorp (MBIN)
NASDAQ: MBIN · Real-Time Price · USD
54.03
-0.10 (-0.18%)
Aug 21, 2026, 10:14 AM EDT - Market open
Merchants Bancorp Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 632.34 | 563.69 | 646.45 | 522.51 | 427.19 | 430.32 |
Revenue Growth | 5.73% | -12.80% | 23.72% | 22.31% | -0.73% | 26.65% |
Net Income Net Income Growth | 228.74 | 173.55 | 283.65 | 244.56 | 193.74 | 206.23 |
Earnings Per Share EPS Growth | 4.98 | 3.78 | 6.30 | 5.64 | 4.47 | 4.76 |
EPS Growth | 9.55% | -40.00% | 11.70% | 26.17% | -6.09% | 23.64% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Other Other Growth | 1.33 | 0.06 | 3 | 1.98 | 2.15 | 4.03 |
Mortgage Warehousing Mortgage Warehousing Growth | 173.7 | 149.2 | 131.14 | 103.41 | 73.15 | 138.61 |
Multi-Family Mortgage Banking Multi-Family Mortgage Banking Growth | 181.57 | 173.81 | 174.19 | 129.65 | 156.97 | 142.56 |
Banking Banking Growth | 275.74 | 240.62 | 338.12 | 287.47 | 194.92 | 145.11 |
Total Total Growth | 632.34 | 563.69 | 646.45 | 522.51 | 427.19 | 430.32 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 791.88 | 890.8 | 958.96 | 746 | 389.97 | 1,609 |
Total Debt Total Debt Growth | 4,299 | 3,858 | 4,396 | 988.2 | 945.5 | 1,035 |
Net Cash (Debt) Net Cash Growth | -3,507 | -2,967 | -3,437 | -242.2 | -555.53 | 573.98 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | -76.27 | -64.58 | -76.37 | -5.59 | -12.82 | 13.25 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | -752.15 | -341.25 | -835.28 | -356.4 | 975.77 | -49.22 |
Capital Expenditures CapEx Growth | -13.17 | -20.94 | -18.39 | -7.53 | -6.76 | -3.65 |
Free Cash Flow Free Cash Flow Growth | -765.32 | -362.19 | -853.67 | -363.93 | 969.01 | -52.86 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Profit Margin | 36.17% | 30.79% | 43.88% | 46.81% | 45.35% | 47.93% |
FCF Margin | -121.03% | -64.25% | -132.05% | -69.65% | 226.83% | -12.28% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 21, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Dividend Per Share Dividend Per Share Growth | 0.440 | 0.400 | 0.360 | 0.320 | 0.280 | 0.240 |
Dividend Per Share Growth | 10.53% | 11.11% | 12.50% | 14.29% | 16.67% | 14.29% |
Dividend Yield | 0.81% | 1.18% | 1.00% | 0.77% | 1.19% | 0.80% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 21, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PE Ratio | 10.87 | 9.01 | 5.88 | 7.53 | 5.41 | 6.61 |
Forward PE | 9.37 | 7.50 | 6.86 | 7.71 | 5.73 | 7.98 |
P/FCF Ratio | - | - | - | - | 1.08 | - |
PS Ratio | 3.93 | 2.77 | 2.58 | 3.52 | 2.45 | 3.17 |