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Merchants Bancorp (MBIN) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Financial Services · Banks - Regional · DATA UPDATED 2026-07-21

Merchants Bancorp (MBIN) operates in the Banks - Regional industry and is headquartered in Carmel, United States with about 735 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, MBIN reported $677M in revenue and $219M in net income.

Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.

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MBIN Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$677M$667M$559M$440M
Net Income$219M$320M$279M$220M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MBIN Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Total Revenue$174M$184M$170M$178M$145M
Net Income$68M$68M$55M$38M$58M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MBIN Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid($59M)($51M)($48M)($38M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MBIN Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-31
Dividends Paid($15M)($15M)($15M)($15M)($15M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MBIN Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$19.4B$18.8B$17.0B$12.6B
Total Liabilities$17.2B$16.6B$15.3B$11.2B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MBIN viewer.

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