Merchants Bancorp (MBIN)

Merchants Bancorp Revenue

Merchants Bancorp had revenue of $212.94M in the quarter ending September 30, 2026, with 50.13% growth. This brings the company's total for the last twelve months to $703.44M, up 17.78% year-over-year. In the year 2025, Merchants Bancorp had annual revenue of $563.69M, down -12.80%. That makes Merchants Bancorp the 9,356th largest company in the world by revenue and 2,050th in the United States.

• Revenue (ttm): $703.44M
• Revenue Growth: +17.78%
• P/S Ratio: 3.40
• Revenue / Employee: $957,067
• Employees: 735
• Market Cap: 2.39B

Revenue Chart

Chart

Chart

Revenue by Segment

Chart

• Banking 240.62M 42.7%
• Multi-Family Mortgage Banking 173.81M 30.8%
• Mortgage Warehousing 149.20M 26.5%
• Other 64.00K 0.0%

Fiscal year ended Dec 31, 2025 See the full Merchants Bancorp breakdown

Revenue History

Fiscal Year End	Revenue	Change	Growth
Dec 31, 2025	563.69M	-82.76M	-12.80%
Dec 31, 2024	646.45M	123.95M	23.72%
Dec 31, 2023	522.51M	95.32M	22.31%
Dec 31, 2022	427.19M	-3.12M	-0.73%
Dec 31, 2021	430.32M	90.53M	26.64%
Dec 31, 2020	339.78M	174.33M	105.37%
Dec 31, 2019	165.45M	165.31M	122,519.64%
Dec 31, 2018	134.93K	23.12K	20.68%
Dec 31, 2017	111.81K	-81.40M	-99.86%
Dec 31, 2016	81.52M	13.41M	19.69%
Dec 31, 2015	68.10M	-	-

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Oct 28, 2026

Revenue data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Oct 30, 2026

Data Sources Report a data error