Merchants Bancorp (MBIN) Net Margin (2016 - 2026)

Merchants Bancorp's Net Margin history runs 11 years deep, the most recent figure standing at 32.79% for Q1 2026.

• In Q1 2026, Net Margin rose 359.0% year-over-year to 32.79%; the TTM figure through Mar 2026 stood at 26.51% (down 1170.0% YoY), while the FY2025 annual figure was 25.47%, down 1682.0% from the prior year.
• Net Margin was 32.79% for Q1 2026 at Merchants Bancorp, up from 31.73% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 47.45% in Q3 2023 to a low of 15.47% in Q2 2025.
• Historically, Net Margin has averaged 38.28% across 5 years, with a median of 41.8% in 2023.
• The sharpest annual moves came in 2024 and 2025: Net Margin surged 641 bps in 2024, then plunged 2643 bps in 2025.
• A 5-year view of Net Margin shows it stood at 40.85% in 2022, then rose by 6 bps to 43.33% in 2023, then increased by 1 bps to 43.83% in 2024, then retreated by 28 bps to 31.73% in 2025, then grew by 3 bps to 32.79% in 2026.
• The last three Net Margin figures came in at 32.79% (Q1 2026), 31.73% (Q4 2025), and 25.98% (Q3 2025), per Business Quant data.