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Merchants Bancorp (MBIN)

Nasdaq Financials Regional Banks S&P SmallCap 600
$51.76
-0.38 (-0.73%)
Close of Nov 06, 2026 · end-of-day data
Source: Merchants Bancorp's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Interest expense$18.97M$27.79M$50.59M$89.70M$58.64M$33.89M$162.28M$629.73M——
Pre-tax income$54.80M$77.16M$84.03M$102.13M$243.36M$304.93M$291.14M$347.91M$422.64M$263.80M
Income tax$21.67M$22.48M$21.15M$24.80M$62.82M$77.83M$71.42M$68.67M$102.26M$45.03M
Net income$33.13M$54.68M$62.87M$77.33M$180.53M$227.10M$219.72M$279.23M$320.39M$218.77M
EPS (basic)$1.47$2.28$2.08$1.58$3.85$4.78$4.49$5.66$6.32$3.78
EPS (diluted)$1.47$2.28$2.07$1.58$3.85$4.76$4.47$5.64$6.30$3.78
Diluted shares21.11M22.57M28.72M43.12M43.17M43.33M43.32M43.35M45.00M45.94M

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$445.70M$359.52M$336.52M$506.71M$179.73M$1.03B$226.16M$584.42M$476.61M$212.20M
Goodwill$523.00K$3.90M$17.48M$15.85M$15.85M$15.85M$15.85M$15.85M$8.01M$8.01M
Total assets$2.72B$3.39B$3.88B$6.37B$9.65B$11.28B$12.62B$16.95B$18.81B$19.45B
Long-term debt$57.01M$56.61M$195.45M$181.44M$1.35B$1.03B————
Total debt$57.01M$56.61M$195.45M$181.44M$1.35B$1.03B————
Total liabilities$2.51B$3.03B$3.46B$5.72B$8.83B$10.12B$11.16B$15.25B$16.56B$17.17B
Shareholders' equity$206.29M$367.47M$421.24M$653.73M$810.62M$1.16B$1.46B$1.70B$2.24B$2.28B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$149.77M-$175.89M$204.34M-$1.26B-$874.89M-$49.22M$975.77M-$356.40M-$835.28M-$341.25M
Capital expenditures$1.20M$788.00K$9.20M$13.98M$3.62M$3.65M$6.76M$7.53M$18.39M$20.94M
Free cash flow-$150.97M-$176.67M$195.14M-$1.27B-$878.51M-$52.86M$969.01M-$363.93M-$853.67M-$362.19M
Investing cash flow-$265.30M-$523.14M-$509.07M-$957.67M-$2.53B-$474.26M-$2.86B-$3.26B-$874.27M-$195.67M
Financing cash flow$413.97M$612.84M$281.74M$2.38B$3.08B$1.38B$1.08B$3.97B$1.60B$272.51M
Dividends paid$6.22M$7.95M$10.22M$17.25M$23.67M$31.23M$38.07M$48.51M$51.17M$59.42M
Share buybacks——————$3.94M———
Depreciation & amortization$278.00K$296.00K$461.00K$852.00K$1.90M$2.19M$2.48M$2.85M$3.01M$3.46M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.