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) Revenue

Alert me on Revenue

Merchants Bancorp's revenue for fiscal 2025 was $1.4B, down 5.90% from $1.5B in fiscal 2024. Over the twelve months to 30 September 2026 it was $1.4B. Over the past ten years it has ranged from $83.4M (fiscal 2015) to $1.5B (fiscal 2024); the current reading is higher than 91% of that period. Merchants Bancorp ranks 77th of 323 Banks Regional companies by revenue.

Revenue, annual

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Annual newest first

Period Revenue Change
FY2025 $1.4B (5.90%)
FY2024 $1.5B 21.67%
FY2023 $1.2B 96.53%
FY2022 $606.8M 29.31%
FY2021 $469.2M 14.37%
FY2020 $410.3M 58.35%
FY2019 $259.1M 36.25%
FY2018 $190.1M 33.84%
FY2017 $142.1M 40.05%
FY2016 $101.4M 21.70%

Quarterly newest first

Period Revenue Change
Sep 2026 $392.0M 15.37%
Jun 2026 $339.8M 7.14%
Mar 2026 $317.1M (10.59%)
Dec 2025 $354.7M 2.86%
36 more quarters

Against its own ten years

Low $83.4M High $1.5B
Ten-year median $410.3M
Current reading's percentile 91

Revenue against peers

What Revenue is

Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.

Reported line item

The full definition of Revenue →

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