Merchants Bancorp (MBIN) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Merchants Bancorp (MBIN) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MBIN Income Statement

Merchants Bancorp (MBIN) annual income statement — 11-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Net Interest Income	144.17M	136.54M	128.65M	138.09M	128.06M	128.72M	122.2M	134.62M	132.82M	128.12M	127.06M	124.33M	117.44M	105.62M	100.69M	95.41M	85.39M	72.03M	65.72M	72.74M
NII Growth %	12.58%	6.07%	5.28%	2.57%	-3.59%	0.47%	-3.83%	8.28%	13.1%	21.31%	26.18%	30.31%	37.54%	46.63%	53.2%	31.16%	23.96%	11.84%	-8.67%	5.06%
Net Interest Margin %	0.69%	0.64%	0.63%	0.71%	0.66%	0.67%	0.65%	0.72%	0.71%	0.7%	0.71%	0.73%	0.71%	0.67%	0.71%	0.76%	0.71%	0.65%	0.68%	0.64%
Interest Income	311.19M	294.07M	270.51M	307.47M	301.78M	304.4M	287.2M	321.35M	338.93M	328.27M	314.17M	311.76M	296.68M	258.07M	211.29M	181.44M	134.11M	89.27M	76.01M	82.58M
Interest Expense	167.02M	157.54M	141.86M	169.38M	173.72M	175.68M	165.01M	186.72M	206.11M	200.15M	187.12M	187.43M	179.24M	152.45M	110.6M	86.03M	48.73M	17.24M	10.29M	9.84M
Loan Loss Provision	12M	0	15.3M	27.76M	29.24M	53.03M	7.73M	2.69M	6.9M	9.96M	4.73M	6.75M	4.01M	22.6M	6.87M	6.41M	2.23M	6.21M	2.45M	2.58M
Non-Interest Income	80.77M	0	46.6M	47.2M	41.75M	49.34M	22.89M	58.44M	15.63M	30.36M	39.92M	33.79M	35.03M	28.98M	13.46M	21.9M	27.96M	37.99M	33.39M	38.79M
Non-Interest Income %	35.91%	0%	26.59%	25.47%	24.59%	27.71%	15.78%	30.27%	10.53%	19.16%	23.91%	21.37%	22.98%	21.53%	11.79%	18.67%	24.67%	34.53%	33.69%	34.78%
Total Net Revenue	224.94M	136.54M	175.25M	185.29M	169.81M	178.06M	145.09M	193.06M	148.45M	158.48M	166.97M	158.12M	152.47M	134.59M	114.15M	117.31M	113.34M	110.02M	99.11M	111.53M
Revenue Growth %	32.47%	-23.32%	20.78%	-4.03%	14.39%	12.36%	-13.11%	22.1%	-2.63%	17.75%	46.27%	34.79%	34.52%	22.34%	15.18%	5.18%	5.52%	15.39%	-12.58%	2.3%
Non-Interest Expense	79.52M	82.43M	75.64M	83.64M	75.99M	76.19M	60.87M	62.5M	60.2M	49.39M	47.96M	51.92M	41.89M	43.41M	33.97M	36.03M	33.73M	31.77M	29.82M	36.17M
Efficiency Ratio	35.35%	60.37%	43.16%	45.14%	44.75%	42.79%	41.95%	32.37%	40.56%	31.16%	28.72%	32.84%	27.48%	32.26%	29.76%	30.71%	29.75%	28.88%	30.09%	32.43%
Operating Income	133.42M	54.1M	84.31M	73.88M	64.58M	48.84M	76.5M	127.88M	81.35M	99.13M	114.29M	99.45M	106.56M	68.58M	73.32M	74.88M	77.39M	72.03M	66.84M	72.78M
Operating Margin %	59.31%	39.63%	48.11%	39.88%	38.03%	27.43%	52.72%	66.24%	54.8%	62.55%	68.45%	62.9%	69.89%	50.95%	64.23%	63.83%	68.28%	65.47%	67.44%	65.26%
Operating Income Growth %	106.58%	10.79%	10.21%	-42.22%	-20.61%	-50.73%	-33.07%	28.58%	-23.66%	44.55%	55.89%	32.82%	37.68%	-4.8%	9.7%	2.88%	-1.53%	3.8%	-20.57%	-9.46%
Pretax Income	133.42M	99.78M	84.31M	73.88M	64.58M	48.84M	76.5M	127.88M	81.35M	99.13M	114.29M	99.45M	106.56M	68.58M	73.32M	74.88M	77.39M	72.03M	66.84M	72.78M
Pretax Margin %	59.31%	73.08%	48.11%	39.88%	38.03%	27.43%	52.72%	66.24%	54.8%	62.55%	68.45%	62.9%	69.89%	50.95%	64.23%	63.83%	68.28%	65.47%	67.44%	65.26%
Income Tax	28.24M	21.48M	16.57M	6.04M	9.88M	10.85M	18.26M	32.21M	20.07M	22.73M	27.24M	21.98M	25.06M	3.27M	18.36M	17.72M	18.91M	18.1M	16.7M	17.58M
Effective Tax Rate %	21.16%	21.53%	19.66%	8.17%	15.3%	22.23%	23.87%	25.19%	24.68%	22.93%	23.83%	22.1%	23.51%	4.77%	25.05%	23.67%	24.43%	25.12%	24.98%	24.16%
Net Income	105.18M	78.3M	67.73M	67.85M	54.7M	37.98M	58.24M	95.67M	61.27M	76.39M	87.05M	77.47M	81.5M	65.3M	54.95M	57.16M	58.49M	53.94M	50.14M	55.2M
Net Margin %	46.76%	57.35%	38.65%	36.62%	32.21%	21.33%	40.14%	49.55%	41.28%	48.2%	52.14%	49%	53.46%	48.52%	48.14%	48.72%	51.6%	49.02%	50.59%	49.49%
Net Income Growth %	92.28%	106.16%	16.3%	-29.08%	-10.73%	-50.28%	-33.1%	23.48%	-24.82%	16.98%	58.41%	35.55%	39.35%	21.08%	9.6%	3.54%	-0.03%	4.9%	-19.1%	-7.67%
Net Income (Continuing)	105.18M	78.3M	67.73M	67.85M	54.7M	37.98M	58.24M	95.67M	61.27M	76.39M	87.05M	77.47M	81.5M	65.3M	54.95M	57.16M	58.49M	53.94M	50.14M	55.2M
EPS (Diluted)	2.06	1.48	1.25	1.28	0.97	0.60	0.93	1.85	1.17	1.49	1.80	1.58	1.68	1.31	1.07	1.12	1.22	1.11	1.02	1.14
EPS Growth %	112.37%	146.67%	34.41%	-30.81%	-17.09%	-59.73%	-48.33%	17.09%	-30.36%	13.74%	68.22%	41.07%	37.7%	18.02%	4.9%	-1.75%	0%	4.72%	-24.44%	-12.31%
EPS (Basic)	2.07	1.48	1.25	1.28	0.97	0.60	0.93	1.86	1.17	1.50	1.81	1.59	1.68	1.31	1.07	1.12	1.22	1.12	1.03	1.14
Diluted Shares Outstanding	46.03M	46.01M	46M	45.98M	45.93M	45.93M	45.91M	45.92M	45.91M	44.7M	43.47M	43.43M	43.35M	43.31M	43.29M	43.27M	43.26M	43.34M	43.36M	43.4M