Merchants Bancorp income statement MBINL

Net income was $218.8 million. Diluted earnings per share were $3.78.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line
FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
Pretax income
323
-3.6%
264
-37.6%
423
+21.5%
348
+19.5%
291
-4.5%
305
+25.3%
243
+138.3%
102
+21.5%
84
+8.9%
77
Income tax
54
-33.7%
45
-56.0%
102
+48.9%
69
-3.8%
71
-8.2%
78
+23.9%
63
+153.3%
25
+17.3%
21
-5.9%
22
Net income
269
+6.1%
219
-31.7%
320
+14.7%
279
+27.1%
220
-3.3%
227
+25.8%
181
+133.5%
77
+23.0%
63
+15.0%
55
Net income to common
229
+9.6%
174
-38.8%
284
+16.0%
245
+26.2%
194
-6.1%
206
+24.2%
166
+143.8%
68
+14.4%
60
+15.9%
51
Basic EPS
4.98
+9.3%
3.78
-40.2%
6.32
+11.7%
5.66
+26.1%
4.49
-6.1%
4.78
+24.2%
3.85
+143.7%
1.58
-24.0%
2.08
-8.8%
2.28
Diluted EPS
4.97
+9.4%
3.78
-40.0%
6.30
+11.7%
5.64
+26.2%
4.47
-6.1%
4.76
+23.6%
3.85
+143.7%
1.58
-23.7%
2.07
-9.2%
2.28
Weighted average shares, basic
46
+0.2%
46
+2.3%
45
+3.8%
43
+0.1%
43
-0.0%
43
+0.1%
43
+0.1%
43
+50.1%
29
+27.2%
23
Weighted average shares, diluted
46
+0.1%
46
+2.1%
45
+3.8%
43
+0.1%
43
-0.0%
43
+0.4%
43
+0.1%
43
+50.1%
29
+27.3%
23
Other measures
Depreciation and amortization
5
+52.2%
3
+15.0%
3
+5.7%
3
+14.8%
2
+13.4%
2
+15.6%
2
+122.5%
1
+84.8%
0
+55.7%
0
Margins
Effective tax rate
16.73%
17.07%
24.19%
19.74%
24.53%
25.52%
25.82%
24.29%
25.17%
29.13%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

Company profile

Industry
State Commercial Banks (SIC 6022)
Listed as
MBIN (Nasdaq), MBINL (Nasdaq), MBINM (Nasdaq), MBINN (Nasdaq)
Fiscal year ends
December 31
Incorporated in
IN
Headquarters
Carmel, IN
SEC filer status
Large accelerated filer
SEC CIK
1629019

Other State Commercial Banks companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.