Merchants Bancorp (MBIN) Interest Coverage Ratio (2016 - 2026)
Merchants Bancorp's Interest Coverage Ratio came in at 1.63 for Q2 2026, up 27.8% from 1.28 a year earlier and up 2.5% from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Merchants Bancorp reported Interest Coverage Ratio of 1.50, up 3.2% year-over-year; for FY2025, it came in at 1.39, down 10.1% from FY2024.
- Interest Coverage Ratio has declined in each of the last four years.
- Going back by year, Interest Coverage Ratio was 1.54 in FY2024 (-0.7%), 1.55 in FY2023 (-44.4%), 2.79 in FY2022 (-72.1%) and 10.00 in FY2021 (+94.1%).
- The Q2 2026 figure represents the highest quarterly Interest Coverage Ratio since Q4 2024.
- Year-over-year, Interest Coverage Ratio increased in three of the last eight quarters, with an average decline of 0.7%.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q3 2021 (growth of 31.9%), and the weakest in Q1 2023 (a decline of 77.8%).
- Business Quant data shows MBIN's Interest Coverage Ratio at 1.59 (Q1 2026), 1.44 (Q4 2025) and 1.37 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 890.60 Bn | 920.07 Bn | - | 2.10 |
| 2 | Banco Santander Chile | 421.74 Bn | 541.68 Bn | - | -2.12 |
| 3 | Bank Of America | 385.85 Bn | -1,990.22 Bn | - | 1.65 |
| 4 | Hsbc Holdings | 345.94 Bn | 345.99 Bn | - | - |
| 5 | Morgan Stanley | 303.15 Bn | -205.95 Bn | - | 1.56 |
| 6 | Royal Bank Of Canada | 279.82 Bn | 130.57 Bn | - | 1.43 |
| 7 | Mitsubishi Ufj Financial | 274.62 Bn | -1,313.87 Bn | 10.89 Bn | 0.56 |
| 8 | Goldman Sachs | 267.07 Bn | -3,290.04 Bn | - | 1.47 |
| 9 | Wells Fargo & Company | 243.79 Bn | 245.93 Bn | - | 1.73 |
| 10 | Merchants Bancorp | 2.28 Bn | -1.22 Bn | - | 1.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.63 |
| Mar 31, 2026 | 1.59 |
| Dec 31, 2025 | 1.44 |
| Sep 30, 2025 | 1.37 |
| Jun 30, 2025 | 1.28 |
| Mar 31, 2025 | 1.46 |
| Dec 31, 2024 | 1.68 |
| Sep 30, 2024 | 1.39 |
| Jun 30, 2024 | 1.50 |
| Mar 31, 2024 | 1.61 |
| Dec 31, 2023 | 1.53 |
| Sep 30, 2023 | 1.59 |
| Jun 30, 2023 | 1.45 |
| Mar 31, 2023 | 1.66 |
| Dec 31, 2022 | 1.87 |
| Sep 30, 2022 | 2.59 |
| Jun 30, 2022 | 5.18 |
| Mar 31, 2022 | 7.50 |
| Dec 31, 2021 | 8.40 |
| Sep 30, 2021 | 10.32 |
API Access
Merchants Bancorp Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "MBIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();