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MBIN · NASDAQ · Banks - Regional

Merchants Bancorp (MBIN)

Finances multifamily housing, mortgage lenders, and Indiana banking customers.

$51.64

vs last close−0.50 (−0.96%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	332	346	354	359	355	380	310	354	344	355	317	294
Cost of revenue	183	194	192	210	213	189	173	229	203	197	157	158
Gross profit	148	151	162	149	142	190	137	125	141	158	160	137
	42	52	48	49	60	62	61	76	76	84	76	82
	31	37	35	34	44	44	44	3	54	46	3	73
General & administrative	31	37	35	34	44	44	44	3	54	46	3	73
Other expenses	11	15	13	15	16	18	17	73	22	38	73	9
Operating income	107	99	114	99	81	128	76	49	65	74	84	54
	0	0	0	0	0	0	0	0	0	0	0	46
Interest income	297	312	314	328	339	321	287	304	302	307	271	294
Interest expense	179	187	187	200	206	187	165	176	174	169	142	158
Other non-operating income	0	0	0	0	0	0	0	0	0	0	0	−46
Income before tax	107	99	114	99	81	128	76	49	65	74	84	100
Income tax expense	25	22	27	23	20	32	18	11	10	6	17	21
Net income from continuing operations	82	77	87	76	61	96	58	38	55	68	68	78
Net income	82	77	87	76	61	96	58	38	55	68	68	78
EPS, basic	$1.68	$1.59	$1.81	$1.50	$1.17	$1.86	$0.93	$0.60	$0.97	$1.28	$1.25	$1.48
EPS, diluted	$1.68	$1.58	$1.80	$1.49	$1.17	$1.85	$0.93	$0.60	$0.97	$1.28	$1.25	$1.48
Weighted average shares, basic	43	43	43	45	46	46	46	46	46	46	46	46
Weighted average shares, diluted	43	43	43	45	46	46	46	46	46	46	46	46
EBITDA	107	100	115	100	82	129	77	50	65	75	86	100
Depreciation & amortization	1	1	1	1	1	1	1	1	1	1	1	0
EBIT	107	99	114	99	81	128	76	49	65	74	84	100