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

Merchants Bancorp's Net Margin history runs 11 years deep, the most recent figure standing at 40.75% for Q1 2026.

• On a quarterly basis, Net Margin rose 1061.0% year-over-year to 40.75% in Q1 2026; TTM through Mar 2026 was 31.32%, a 1215.0% decrease from a year earlier, with the FY2025 full-year figure at 31.51%, down 2126.0% from the prior year.
• Net Margin retreated to 40.75% in Q1 2026 per MBIN's latest filing, from 40.96% in the prior quarter.
• Across five years, Net Margin topped out at 65.13% in Q4 2024 and bottomed at 15.47% in Q2 2025.
• The 5-year median for Net Margin is 41.9% (2024), against an average of 41.42%.
• Across the five-year window, Net Margin surged 2665 bps in 2024 and plunged 2643 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 37.79% in 2022, then advanced by 2 bps to 38.48% in 2023, then soared by 69 bps to 65.13% in 2024, then tumbled by 37 bps to 40.96% in 2025, then fell by 1 bps to 40.75% in 2026.
• Per Business Quant, the three latest MBIN Net Margin figures stand at 40.75% (Q1 2026), 40.96% (Q4 2025), and 32.23% (Q3 2025).