Merchants Bancorp (MBIN) Earnings History
Annual and quarterly earnings data from 2015 to 2025
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MBIN EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MBIN Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 41.3% | 19.3% | 16.0% |
| 2024 | 44.4% | 29.2% | 22.1% |
| 2023 | 43.7% | 29.3% | 23.5% |
| 2022 | 70.2% | 48.4% | 36.5% |
| 2021 | 91.6% | 66.1% | 49.2% |
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Merchants Bancorp (MBIN) Earnings Overview
As of May 8, 2026, Merchants Bancorp (MBIN) reported trailing twelve-month net income of $219M, reflecting -40.0% year-over-year growth. The company earned $4.76 per diluted share over the past four quarters, with a net profit margin of 16.0%.
Looking at the long-term picture, MBIN's 5-year EPS compound annual growth rate (CAGR) stands at -0.4%, signaling declining earnings. The company achieved its highest annual net income of $320M in fiscal 2024.
Merchants Bancorp maintains industry-leading profitability with a gross margin of 41.3%, operating margin of 19.3%, and net margin of 16.0%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WAFD ($243M net income, 16.0% margin), CUBI ($224M net income, 15.8% margin), FFBC ($256M net income, 20.3% margin), MBIN has room to improve margins relative to the peer group. Compare MBIN vs WAFD →
MBIN Earnings vs Peers
Earnings metrics vs comparable public companies
MBIN Historical Earnings Data (2015–2025)
11 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $219M | -31.7% | $264M | $3.78 | 16.0% | 19.3% |
| 2024 | $320M | +14.7% | $423M | $6.30 | 22.1% | 29.2% |
| 2023 | $279M | +27.1% | $348M | $5.64 | 23.5% | 29.3% |
| 2022 | $220M | -3.3% | $291M | $4.47 | 36.5% | 48.4% |
| 2021 | $227M | +25.8% | $305M | $4.76 | 49.2% | 66.1% |
| 2020 | $181M | +133.5% | $243M | $3.85 | 45.0% | 60.7% |
| 2019 | $77M | +23.0% | $102M | $1.58 | 30.4% | 40.1% |
| 2018 | $63M | +15.0% | $84M | $1.38 | 33.9% | 45.3% |
| 2017 | $55M | +65.1% | $77M | $1.52 | 39.6% | 55.9% |
| 2016 | $33M | +16.7% | $55M | $0.98 | 34.1% | 56.4% |
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Start ComparisonMBIN — Frequently Asked Questions
Quick answers to the most common questions about buying MBIN stock.
Is MBIN growing earnings?
MBIN EPS fell to $4.76, with earnings declining -40.0%. This contrasts with the 5-year CAGR of -0.4%. TTM net income dropped to $219M.
What are MBIN's profit margins?
Merchants Bancorp net margin is +16.0%, with operating margin at +19.3%. Above-average margins indicate pricing power.
How consistent are MBIN's earnings?
MBIN earnings data spans 2015-2025. The declining earnings trend is -40.0% YoY. Historical data enables comparison across business cycles.