Merchants Bancorp
Merchants Bancorp (Nasdaq: MBIN) is a diversified bank holding company whose businesses provide mortgage financing, banking, loan servicing and investment services to financial institutions, property owners, homebuyers, businesses, farmers and institutional investors. Its three reportable segments are Multi-family… From the company’s description.
Over the twelve months to Sep 30, 2026, Merchants Bancorp reported revenue of $767.69M, up 11.3% from a year earlier, and net income of $319.06M. Its pre-tax margin was 51.0%. In fiscal 2025, it reported revenue of $681.45M, up 1.6% from fiscal 2024, and net income of $218.77M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Merchants Bancorp does
In the company’s own words
Merchants Bancorp (Nasdaq: MBIN) is a diversified bank holding company whose businesses provide mortgage financing, banking, loan servicing and investment services to financial institutions, property owners, homebuyers, businesses, farmers and institutional investors. Its three reportable segments are Multi-family Mortgage Banking, which originates and services financing for affordable rental housing and healthcare facilities and syndicates tax-credit funds; Mortgage Warehousing, which provides asset-based credit facilities to mortgage lenders; and Banking, which offers community and commercial banking, agricultural and SBA lending, and residential mortgage origination and servicing. The company also provides tax-credit equity syndication and investment management through its subsidiaries. Merchants Mortgage is its branded single-family mortgage platform. The company was founded as a mortgage banking business in 1990 and formed as an Indiana corporation in 2006. At December 31, 2025, Merchants Bancorp had $19.4 billion in assets and approximately 735 employees. Its website is www.bankmerchants.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Banks & Brokers
- Headquarters
- CARMEL, IN
- Fiscal year end
- December
- CIK
- 1629019
- SIC
- 6022
Financial performance, year by year
Fiscal 2017–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Merchants Bancorp — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Merchants Bancorp’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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