Company research
Merchants Bancorp
CIK 1629019Updated Sep 27, 2026
MBIN price & chart
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NASDAQ:MBIN on TradingView ↗About the company
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that primarily offers multi-family housing and healthcare facility financing and servicing (through this segment it also serves as a syndicator of low-income housing tax credit and debt funds); Mortgage Warehousing that offers mortgage warehouse financing, commercial loans, and deposit services; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $21.2 billion in assets and $14.3 billion in deposits as of June 30, 2026, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Investment Partners, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants’ Investor Relations page at investors.merchantsbancorp.com.
In the news
Merchants Bancorp Reports Second Quarter of 2026 Results ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Merchants Bancorp - MBIN ↗
Recent filings
4 filing
4 filing
Other Events
Items 8.01, 9.01
4 filing
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 19,448,943,000Source | 18,805,732,000Source | 16,952,516,000Source | 12,615,227,000Source |
| Property, Plant and Equipment, NetUSD | 73,929,000Source | 58,617,000Source | 42,342,000Source | 35,438,000Source |
| GoodwillUSD | 8,014,000Source | 8,014,000Source | 15,845,000Source | 15,845,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 742,000Source | 1,186,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | 226,164,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,006,000Source | 8,332,000Source | 10,060,000Source | 10,969,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 17,168,184,000Source | 16,562,422,000Source | 15,251,432,000Source | 11,155,488,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 243,310,000Source | 240,313,000Source | 140,365,000Source | 137,781,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,486,191,000Source | 1,330,995,000Source | 1,063,599,000Source | 832,871,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -33,000Source | -133,000Source | -2,488,000Source | -10,521,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,280,759,000Source | 2,243,310,000Source | 1,701,084,000Source | 1,459,739,000Source |
| Liabilities and EquityUSD | 19,448,943,000Source | 18,805,732,000Source | 16,952,516,000Source | 12,615,227,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 33,099,000Source | 25,289,000Source | 19,923,000Source | 19,613,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 279,234,000Source | 219,721,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Deferred Income Tax Expense (Benefit)USD | 7,778,000Source | 4,630,000Source | -2,442,000Source | 4,731,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -341,248,000Source | -835,278,000Source | -356,402,000Source | 975,774,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -195,671,000Source | -874,275,000Source | -3,260,081,000Source | -2,862,851,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | -7,903,000Source | -10,239,000Source | -1,937,000Source | -4,395,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 20,941,000Source | 18,391,000Source | 7,528,000Source | 6,761,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | — | 3,935,333Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 272,511,000Source | 1,601,741,000Source | 3,974,741,000Source | 1,080,627,000Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -264,408,000Source | -107,812,000Source | 358,258,000Source | -806,450,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 212,202,000Source | 476,610,000Source | 584,422,000Source | 226,164,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 692,922,000Source | 789,047,000Source | 609,689,000Source | 140,365,000Source |
| Income Taxes Paid, NetUSD | 47,636,000Source | 79,578,000Source | 67,388,000Source | 66,508,000Source |
| Additional Financial Items | ||||
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | -108,000Source | — | — |
| DepreciationUSD | 3,465,000Source | 3,014,000Source | 2,852,000Source | 2,485,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 12,204,000Source | 132,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 122,904,000Source | 23,678,000Source | 37,488,000Source | — |
| Gain (Loss) on Sales of Loans, NetUSD | 85,362,000Source | 62,275,000Source | 48,183,000Source | 64,150,000Source |
| GoodwillUSD | 8,014,000Source | 8,014,000Source | 15,845,000Source | 15,845,000Source |
| Income Tax Expense (Benefit)USD | 45,030,000Source | 102,256,000Source | 68,673,000Source | 71,421,000Source |
| Net Income (Loss) Attributable to ParentUSD | 218,770,000Source | 320,386,000Source | 279,234,000Source | 219,721,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 173,552,000Source | 283,654,000Source | 244,564,000Source | 193,738,000Source |
| Proceeds from Issuance of Common StockUSD | — | 97,655,000Source | — | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 870,940,000Source | 897,336,000Source | 489,602,000Source | 13,988,000Source |
| Provision for Loan, Lease, and Other LossesUSD | 117,754,000Source | 24,278,000Source | 40,231,000Source | 17,295,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 122,900,000Source | 23,700,000Source | 37,500,000Source | 13,473,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 5,496,000Source | -2,533,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 263,800,000Source | 422,642,000Source | 347,907,000Source | 291,142,000Source |
| Income Tax Expense (Benefit)USD | 45,030,000Source | 102,256,000Source | 68,673,000Source | 71,421,000Source |
| Net Income (Loss) Attributable to ParentUSD | 218,770,000Source | 320,386,000Source | 279,234,000Source | 219,721,000Source |
| Earnings Per Share, BasicUSD per share | 3.78Source | 6.32Source | 5.66Source | 4.49Source |
| Earnings Per Share, DilutedUSD per share | 3.78Source | 6.3Source | 5.64Source | 4.47Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 45,871,698Source | 44,855,100Source | 43,224,042Source | 43,164,477Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 45,942,730Source | 45,004,786Source | 43,345,799Source | 43,316,904Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.4Source | 0.36Source | 0.32Source | 0.28Source |
| Current Income Tax Expense (Benefit)USD | 37,252,000Source | — | — | — |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | 122,904,000Source | 23,678,000Source | 37,488,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 263,800,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 629,727,000Source | 162,282,000Source |
| InterestExpenseOperatingUSD | 683,792,000Source | 780,100,000Source | — | — |
| Interest Income (Expense), NetUSD | 517,059,000Source | 522,620,000Source | 448,071,000Source | 318,551,000Source |
| Interest Income, OtherUSD | 14,020,000Source | 17,908,000Source | 11,623,000Source | 4,044,000Source |
| Labor and Related ExpenseUSD | 166,512,000Source | 130,723,000Source | 108,181,000Source | 89,085,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 173,552,000Source | 283,654,000Source | 244,564,000Source | 193,738,000Source |
| Preferred Stock Dividends, Income Statement ImpactUSD | 41,062,000Source | 34,909,000Source | 34,670,000Source | 25,983,000Source |
Filing attachments
tm2623704d1_ex99-1.htm · 8-K · 2026-08-20
EX-99.1 2 tm2623704d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Merchants Bancorp Declares Quarterly Common and Preferred Dividends For Release August 20, 2026 CARMEL, Indiana - Merchants Bancorp (“Merchants”) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants Bank”), today announced that its Board of Directors declared the following quarterly cash dividends for the third quarter of 2026, in each case to shareholders of re…
Read attachment ↗tm2621390d1_ex99-1.htm · 8-K · 2026-07-28
EX-99.1 2 tm2621390d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Merchants Bancorp Reports Second Quarter of 2026 Results For Release July 28, 2026 Net income of $78.3 million in the second quarter of 2026 increased $40.3 million, or 106%, compared to the second quarter of 2025, and increased $10.6 million, or 16%, compared to the first quarter of 2026. Diluted earnings per common share of $1.48 in the second quarter of 2026 increased 147% compared to the second qu…
Read attachment ↗tm2615368d1_ex99-1.htm · 8-K · 2026-05-21
EX-99.1 2 tm2615368d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Merchants Bancorp Declares Quarterly Common and Preferred Dividends For Release May 21, 2026 CARMEL, Indiana - Merchants Bancorp (“Merchants”) (Nasdaq: MBIN), parent company and registered bank holding company of Merchants Bank of Indiana (“Merchants Bank”), today announced that its Board of Directors declared the following quarterly cash dividends for the second quarter of 2026, in each case to shareholders of reco…
Read attachment ↗tm2612857d1_ex99-1.htm · 8-K · 2026-04-28
EX-99.1 2 tm2612857d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE Merchants Bancorp Reports First Quarter 2026 Results For Release April 28, 2026 First quarter 2026 net income of $67.7 million, increased $9.5 million, or 16%, compared to first quarter of 2025 and was relatively stable compared to the fourth quarter 2025. First quarter 2026 diluted earnings per common share of $1.25 increased 34% compared to the first quarter of 2025 and decreased 2% compared to the fourth…
Read attachment ↗