Merchants 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

52.14 1.29 −2.41%
Market cap
$2.4B
P/E
8.3×
Fwd P/E
8.4×
Dividend yield
0.82%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Merchants Bancorp (MBIN) Net income

Alert me on Net income

Merchants Bancorp's net income for fiscal 2025 was $218.8M, down 31.7% from $320.4M in fiscal 2024. Over the twelve months to 30 June 2026 it was $268.6M. Over the past ten years it has ranged from $28.4M (fiscal 2015) to $320.4M (fiscal 2024); the current reading is higher than 64% of that period. Merchants Bancorp ranks 79th of 324 Banks Regional companies by net income.

Net income, annual

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Annual newest first

Period Net income Change
FY2025 $218.8M (31.72%)
FY2024 $320.4M 14.74%
FY2023 $279.2M 27.09%
FY2022 $219.7M (3.25%)
FY2021 $227.1M 25.80%
FY2020 $180.5M 133.46%
FY2019 $77.3M 22.99%
FY2018 $62.9M 14.98%
FY2017 $54.7M 65.07%
FY2016 $33.1M 16.71%

Quarterly newest first

Period Net income Change
Jun 2026 $78.3M 15.61%
Mar 2026 $67.7M (0.17%)
Dec 2025 $67.8M 24.04%
Sep 2025 $54.7M 44.02%
37 more quarters

Against its own ten years

Low $28.4M High $320.4M
Ten-year median $180.5M
Current reading's percentile 64

Net income against peers

What Net income is

Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.

Reported line item

The full definition of Net income →

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