Merchants Bancorp (MBIN) Net Margin (2016 - 2026)
Merchants Bancorp's quarterly Net Margin came in at 32.79% in Q1 2026, up 359.0% year-on-year from 7.14% in Q1 2025, and up 3.34% quarter-over-quarter from 31.73% in Q4 2025.
Merchants Bancorp has reported Net Margin for 11 years, with the latest figure at 32.79% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 359.0% year-over-year to 32.79%; the trailing twelve-month figure through Mar 2026 stood at 26.51% (down 1170.0% YoY), and the FY2025 full-year result was 25.47%, down 1682.0% from the prior year.
- Net Margin for Q1 2026 stood at 32.79%, up from 31.73% in the prior quarter.
- The five-year high for Net Margin was 47.45% in Q3 2023, with the low at 15.47% in Q2 2025.
- Average Net Margin over 5 years is 38.28%, with a median of 41.8% recorded in 2023.
- Year-over-year, Net Margin jumped 641 bps in 2024 and plunged 2643 bps in 2025.
- Tracing MBIN's Net Margin over 5 years: stood at 40.85% in 2022, then gained by 6 bps to 43.33% in 2023, then rose by 1 bps to 43.83% in 2024, then decreased by 28 bps to 31.73% in 2025, then increased 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 251.45% |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 26.97% |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | -0.97% |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 27.35% |
| 10 | Merchants Bancorp | 2.11 Bn | 1.48 Bn | - | 32.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.79% |
| Dec 31, 2025 | 31.73% |
| Sep 30, 2025 | 25.98% |
| Jun 30, 2025 | 15.47% |
| Mar 31, 2025 | 29.20% |
| Dec 31, 2024 | 43.83% |
| Sep 30, 2024 | 35.78% |
| Jun 30, 2024 | 41.90% |
| Mar 31, 2024 | 46.68% |
| Dec 31, 2023 | 43.33% |
| Sep 30, 2023 | 47.45% |
| Jun 30, 2023 | 41.80% |
| Mar 31, 2023 | 40.27% |
| 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% |
| Jun 30, 2021 | 47.05% |
| Mar 31, 2021 | 50.24% |
| Dec 31, 2020 | 50.17% |
| Sep 30, 2020 | 49.42% |
| Jun 30, 2020 | 48.49% |
| Mar 31, 2020 | 35.99% |
| Dec 31, 2019 | 43.83% |
| Sep 30, 2019 | 39.65% |
| Jun 30, 2019 | 38.89% |
| Mar 31, 2019 | 35.03% |
| Dec 31, 2018 | 37.50% |
| Sep 30, 2018 | 44.95% |
| Jun 30, 2018 | 43.80% |
| Mar 31, 2018 | 45.28% |
| Dec 31, 2017 | 57.58% |
| Sep 30, 2017 | 36.43% |
| Jun 30, 2017 | 43.05% |
| Mar 31, 2017 | 38.38% |
| Dec 31, 2016 | 35.83% |
| Sep 30, 2016 | 40.74% |
| Jun 30, 2016 | 38.61% |
| Mar 31, 2016 | 34.00% |