Merchants Bancorp (MBIN) Net Margin (2016 - 2026)
Merchants Bancorp (MBIN) posted quarterly Net Margin of 40.75% for Q1 2026, up 1061.0% year-over-year from 3.51% in Q1 2025, and up 5.82% quarter-over-quarter from 38.51% in Q4 2025.
Merchants Bancorp (MBIN) Net Margin (2016 - 2026) Analysis & Trends
Merchants Bancorp's Net Margin history runs 11 years deep, the most recent figure standing at 40.75% for Q1 2026.
- In Q1 2026, Net Margin rose 1061.0% year-over-year to 40.75%; the TTM figure through Mar 2026 stood at 30.85% (down 1244.0% YoY), while the FY2025 annual figure was 31.51%, down 2126.0% from the prior year.
- Net Margin for Q1 2026 stood at 40.75%, up from 38.51% in the prior quarter.
- The five-year high for Net Margin was 63.98% in Q4 2024, with the low at 15.47% in Q2 2025.
- The 5-year median for Net Margin is 43.35% (2022), against an average of 42.19%.
- The sharpest annual moves came in 2024 and 2025: Net Margin surged 1201 bps in 2024, then tumbled 2643 bps in 2025.
- Merchants Bancorp's Net Margin stood at 40.85% in 2022, then increased by 27 bps to 51.97% in 2023, then climbed by 23 bps to 63.98% in 2024, then slumped by 40 bps to 38.51% in 2025, then advanced by 6 bps to 40.75% in 2026.
- Business Quant data shows MBIN's Net Margin at 40.75% in Q1 2026, 38.51% in Q4 2025, and 32.23% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.45 Bn | 84.26 Bn | - | - |
| 2 | Pnc Financial Services | 97.88 Bn | 97.88 Bn | - | 28.41% |
| 3 | Us Bancorp | 96.36 Bn | 96.36 Bn | - | 27.30% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.74 Bn | -144.35 Bn | - | 38.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 71.96 Bn | -81.35 Bn | - | 25.60% |
| 7 | Nu Holdings | 69.50 Bn | 55.81 Bn | 2.35 Bn | 25.60% |
| 8 | Truist Financial | 61.84 Bn | 61.84 Bn | - | 28.85% |
| 9 | Fifth Third Bancorp | 50.07 Bn | 26.34 Bn | - | 23.30% |
| 10 | Merchants Bancorp | 2.51 Bn | 1.67 Bn | - | 37.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 37.34% |
| Mar 31, 2026 | 40.75% |
| Dec 31, 2025 | 38.51% |
| Sep 30, 2025 | 32.23% |
| Jun 30, 2025 | 15.47% |
| Mar 31, 2025 | 30.14% |
| Dec 31, 2024 | 63.98% |
| Sep 30, 2024 | 38.50% |
| Jun 30, 2024 | 41.90% |
| Mar 31, 2024 | 46.68% |
| Dec 31, 2023 | 51.97% |
| Sep 30, 2023 | 47.45% |
| Jun 30, 2023 | 50.68% |
| Mar 31, 2023 | 44.40% |
| Dec 31, 2022 | 40.85% |
| Sep 30, 2022 | 46.05% |
| Jun 30, 2022 | 43.35% |
| Mar 31, 2022 | 44.27% |
| Dec 31, 2021 | 43.78% |
| Sep 30, 2021 | 48.35% |