Merchants Bancorp (MBIN) Net Income (2016 - 2026)
Merchants Bancorp's Net Income was $78.3 million in Q2 2026, up 106.2% from $37.98 million a year earlier and up 15.6% from the prior quarter.
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Analysis
Merchants Bancorp (MBIN) Net Income (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Merchants Bancorp's Net Income was $268.59 million through Jun 30, 2026, up 6.1% year-over-year; for FY2025, it came in at $218.77 million, down 31.7% from FY2024.
- Net Income shows a five-year compound annual growth rate of 3.9% (FY2020 to FY2025).
- In earlier years, Net Income was $320.39 million in FY2024 (+14.7%), $279.23 million in FY2023 (+27.1%), $219.72 million in FY2022 (-3.3%) and $227.1 million in FY2021 (+25.8%).
- The Q2 2026 figure marks the highest quarterly Net Income since Q4 2024.
- Compared with a year earlier, Net Income was higher in three of the last eight quarters, with an average decline of 0.3%.
- The best year-over-year quarter for Net Income over five years was Q2 2026 (growth of 106.2%); the worst was Q2 2025 (a decline of 50.3%).
- Per Business Quant data, MBIN's Net Income in the three quarters before Q2 2026 was $67.73 million (Q1 2026), $67.85 million (Q4 2025) and $54.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - | 21.16 Bn |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - | 228.63 Bn |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - | 9.07 Bn |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - | 5.65 Bn |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - | 4.32 Bn |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn | 5.85 Bn |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - | 6.63 Bn |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - | 6.65 Bn |
| 10 | Merchants Bancorp | 2.25 Bn | -1.25 Bn | - | 78.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.30 Mn |
| 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 | 95.67 Mn |
| Sep 30, 2024 | 61.27 Mn |
| Jun 30, 2024 | 76.39 Mn |
| Mar 31, 2024 | 87.05 Mn |
| Dec 31, 2023 | 77.47 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 |
API Access
Merchants Bancorp Net Income 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=net-income&ticker=MBIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-income", "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=net-income&ticker=MBIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();