stockrowMerchants Bancorp
MBIN Financial Banks Regional
Merchants Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 5.90% from fiscal 2024.
- Revenue
- +13.7%
- EPS
- +136.0%
- Free cash flow
- +267.7%
- Total debt
- +3.96%
Quarter to September 2026, against a year earlier
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Merchants Bancorp (MBIN) Gross margin
Merchants Bancorp's gross margin over the twelve months to 30 September 2026 was 54.7%, up 4.8 percentage points from fiscal 2025 (49.9%). Over the past ten years it has ranged from 46.2% (fiscal 2024) to 92.8% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Banks Regional industry median of 69.8% and below the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 49.9% | 3.68 |
| FY2024 | 46.2% | (0.96) |
| FY2023 | 47.2% | (26.06) |
| FY2022 | 73.3% | (19.53) |
| FY2021 | 92.8% | 7.07 |
| FY2020 | 85.7% | 20.33 |
| FY2019 | 65.4% | (8.01) |
| FY2018 | 73.4% | (7.05) |
| FY2017 | 80.4% | (0.86) |
| FY2016 | 81.3% | (1.56) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 57.4% | 3.76 |
| Jun 2026 | 53.6% | (1.63) |
| Mar 2026 | 55.3% | 3.02 |
| Dec 2025 | 52.2% | 2.62 |
| 36 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| OFG OFG Bancorp compare | 81.7% |
| BANR Banner Corporation compare | 77.3% |
| EFSC Enterprise Financial Services Corporation compare | 75.2% |
| NWBI Northwest Bancshares, Inc. compare | 75.1% |
| SYBT Stock Yards Bancorp, Inc. compare | 73.0% |
| BUSE First Busey Corporation compare | 72.4% |
| WAFD WaFd, Inc. compare | 57.5% |
| BBAR BBVA Banco Frances S.A. compare | 56.7% |
| MBIN Merchants Bancorp | 54.7% |
| Banks Regional industry median | 69.8% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MBIN
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement