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) Return on equity

Alert me on Return on equity

Merchants Bancorp's return on equity over the twelve months to 30 September 2026 was 15.5%, up 5.0 percentage points from fiscal 2025 (10.5%). Over the past ten years it has ranged from 10.5% (fiscal 2025) to 32.0% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Banks Regional industry median of 10.3% and above the Financial sector median of 9.01%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 10.5% (9.94)
FY2024 20.5% (2.17)
FY2023 22.6% 0.53
FY2022 22.1% (7.55)
FY2021 29.7% (2.31)
FY2020 32.0% 15.36
FY2019 16.6% (0.28)
FY2018 16.9% (4.06)
FY2017 20.9% 0.39
FY2016 20.6% 1.81

Against its own ten years

Low 10.5% High 32.0%
Ten-year median 20.6%
Current reading's percentile 9

Return on equity against peers

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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