Merchants Bancorp (MBIN) Net Income (2016 - 2026)
Merchants Bancorp's (MBIN) quarterly Net Income came in at $67.7 million in Q1 2026, up 16.3% year-on-year from $58.2 million in Q1 2025, and little changed quarter-over-quarter from $67.8 million in Q4 2025.
Merchants Bancorp (MBIN) Net Income (2016 - 2026) Analysis & Trends
Merchants Bancorp's Net Income history runs 11 years deep, the most recent figure standing at $67.7 million for Q1 2026.
- On a quarterly basis, Net Income rose 16.3% year-over-year to $67.7 million in Q1 2026; TTM through Mar 2026 was $228.3 million, a 38.91% decrease from a year earlier, with the FY2025 full-year figure at $218.8 million, down 45.64% from the prior year.
- Net Income steadied at $67.7 million in Q1 2026 per MBIN's latest filing, from $67.8 million in the prior quarter.
- Across five years, Net Income topped out at $177.7 million in Q4 2024 and bottomed at $38.0 million in Q2 2025.
- The 5-year median for Net Income is $61.3 million (2024), against an average of $69.7 million.
- Across the five-year window, Net Income surged 139.8% in 2024 and sank 61.82% in 2025, its largest moves.
- Year by year, Net Income stood at $57.2 million in 2022, then climbed by 29.67% to $74.1 million in 2023, then surged by 139.8% to $177.7 million in 2024, then sank by 61.82% to $67.8 million in 2025, then retreated by 0.17% to $67.7 million in 2026.
- Per Business Quant, the three latest MBIN Net Income figures stand at $67.7 million (Q1 2026), $67.8 million (Q4 2025), and $54.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | 1.77 Bn |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | -385.94 Mn |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | 428,428.00 |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | 3.45 Bn |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | 2.24 Bn |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | 3.36 Bn |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | 4.33 Mn |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 5.07 Mn |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 1.77 Bn |
| 10 | Merchants Bancorp | 2.14 Bn | 1.51 Bn | - | 67.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 67.73 Mn |
| Dec 31, 2025 | 67.85 Mn |
| Sep 30, 2025 | 54.70 Mn |
| Jun 30, 2025 | 37.98 Mn |
| Mar 31, 2025 | 58.24 Mn |
| Dec 31, 2024 | 177.72 Mn |
| Sep 30, 2024 | 61.27 Mn |
| Jun 30, 2024 | 76.39 Mn |
| Mar 31, 2024 | 87.05 Mn |
| Dec 31, 2023 | 74.11 Mn |
| Sep 30, 2023 | 81.50 Mn |
| Jun 30, 2023 | 65.30 Mn |
| Mar 31, 2023 | 54.96 Mn |
| Dec 31, 2022 | 57.16 Mn |
| Sep 30, 2022 | 58.49 Mn |
| Jun 30, 2022 | 53.94 Mn |
| Mar 31, 2022 | 50.14 Mn |
| Dec 31, 2021 | 55.20 Mn |
| Sep 30, 2021 | 58.50 Mn |
| Jun 30, 2021 | 51.42 Mn |