Merchants Bancorp

MBINNASDAQFinancial Services● Active

$48.17

+$0.66(+1.39%)

Market Cap$2.2B

P/E Ratio—

52W High$50.255

52W Low$28.75

Avg Volume176K

Open$47.33

Beta1.16

Net Income Financials Revenue

Merchants Bancorp (MBIN) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

MBIN · net income · updated Jun 8, 2026

Core profitability metrics

MBIN · net income · margin · TTM · CAGR

Net income was $218.8M for FY2025 (fiscal year ending 2025-12-31), down 31.7% year-over-year. Net profit margin was 16.0%. Based on available data, Merchants Bancorp has been profitable since at least 2015.

FY2025 Net Income$218.8M▼ -31.7% YoY

Trailing 12M (TTM)$228.3Mtrailing 4 quarters sum

Net Profit Margin16.0%$218.8M ÷ $1.37B

YoY Change-31.7%—

5-Year CAGR+3.9%FY2020 → FY2025

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 8, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2015

▸ FMP /income-statement · Annual · MBIN net income history · MBIN profit margin

Annual net income data

MBIN · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2025$218.8M▼ 31.7%16.0%$1.37B

FY2024$320.4M▲ +14.7%22.1%$1.45B

FY2023$279.2M▲ +27.1%23.5%$1.19B

FY2022$219.7M▼ 3.3%36.5%$602.1M

FY2021$227.1M▲ +25.8%49.2%$461.6M

Net income vs peers (Financial Services)

MBIN vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Merchants BancorpYOU

MBIN

$218.8M-31.7%16.0%

Berkshire Hathaway Inc.

BRK-B

$66.97B-24.8%18.0%

100%

Berkshire Hathaway Inc.

Mastercard Incorporated

$14.97B+16.3%45.6%

22%

Financial Services · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Merchants Bancorp (MBIN) reported net income of $218.8M for FY2025 (fiscal year ending 2025-12-31), down 31.7% year-over-year. The net profit margin was 16.0% — meaning the company kept $0.16 of every dollar of revenue as profit.

Based on available data, Merchants Bancorp has been profitable since at least 2015. Net income reached a peak of $320.4M in FY2024. Data available for 11 fiscal years.

Merchants Bancorp's net profit margin was 16.0% for FY2025, based on the latest annual results.

Investors sometimes search for "Merchants Bancorp net worth" — the company's market capitalization is a separate figure from MBIN net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

MBIN net income · 5 questions

Merchants Bancorp is profitable. The company reported net income of $218.8M for FY2025, a net profit margin of 16.0%. Net income was down 31.7% year-over-year. Based on available data, Merchants Bancorp has been profitable since at least 2015.

is MBIN profitabledoes MBIN make a profitMBIN profitabilityMBIN profitable company

▸ Source: FMP /income-statement · GAAP · Merchants Bancorp · Merchants Bancorp SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026