Merchants Bancorp

Financial Services · Banks - Regional

52.10$ +0.6% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

Merchants Bancorp (MBIN) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (Q2 26), "Revenue" came in at 294 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

Tick rows to compare them in a chart (up to 4)

Income Statement MBIN
Line item	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	LTM
Revenue	332	346	354	359	355	380	310	354	344	355	317	294	1,309
Cost of Revenue	183	194	192	210	213	189	173	229	203	197	157	158	715
Gross Profit	148	151	162	149	142	190	137	125	141	158	160	137	595
Selling, General & Administrative	31	37	35	34	44	44	44	3.2	54	46	2.8	73	175
Total Operating Expenses	42	52	48	49	60	62	61	76	76	84	76	82	318
Operating Income	107	99	114	99	81	128	76	49	65	74	84	54	277
Interest Expense	179	187	187	200	206	187	165	176	174	169	142	158	643
Pre-Tax Income	107	99	114	99	81	128	76	49	65	74	84	100	323
Income Tax Expense	25	22	27	23	20	32	18	11	9.9	6.0	17	21	54
Net Income	82	77	87	76	61	96	58	38	55	68	68	78	269
EBITDA	107	100	115	100	82	129	77	50	65	75	86	100	326

LTM = last twelve months (sum of the four most recent quarters).

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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