Merchants Bancorp has been growing earnings at an average annual rate of 2.3%, while the Diversified Financial industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 9.9% per year. Merchants Bancorp's return on equity is 9.8%, and it has net margins of 32.2%.
Key information
2.30%
Earnings growth rate
1.02%
EPS growth rate
Diversified Financial Industry Growth
6.15%
Revenue growth rate
9.92%
Return on equity
9.80%
Net Margin
32.18%
Next Earnings Update
28 Jul 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Merchants Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NasdaqCM:MBIN.M Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
585
188
203
0
31 Dec 25
564
174
200
0
30 Sep 25
597
200
195
0
30 Jun 25
598
209
186
0
31 Mar 25
621
248
170
0
31 Dec 24
646
284
164
0
30 Sep 24
607
268
158
0
30 Jun 24
614
287
149
0
31 Mar 24
578
277
146
0
31 Dec 23
523
245
137
0
30 Sep 23
482
224
125
0
30 Jun 23
445
204
120
0
31 Mar 23
437
196
114
0
31 Dec 22
427
194
112
0
30 Sep 22
426
195
114
0
30 Jun 22
421
195
109
0
31 Mar 22
414
192
104
0
31 Dec 21
430
206
103
0
30 Sep 21
428
213
91
0
30 Jun 21
421
212
87
0
31 Mar 21
399
203
79
0
31 Dec 20
340
166
72
0
30 Sep 20
290
136
65
0
30 Jun 20
232
102
57
0
31 Mar 20
194
79
54
0
31 Dec 19
165
68
48
0
30 Sep 19
144
56
47
0
30 Jun 19
137
55
45
0
31 Mar 19
132
55
42
0
31 Dec 18
135
60
39
0
30 Sep 18
130
64
35
0
30 Jun 18
121
58
32
0
31 Mar 18
120
57
29
0
31 Dec 17
112
51
26
0
30 Sep 17
101
40
23
0
30 Jun 17
102
41
21
0
31 Mar 17
89
34
19
0
31 Dec 16
82
31
18
0
31 Dec 15
68
28
15
0
Quality Earnings: MBIN.M has high quality earnings.
Growing Profit Margin: MBIN.M's current net profit margins (32.2%) are lower than last year (39.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MBIN.M's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: MBIN.M's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MBIN.M had negative earnings growth (-24%) over the past year, making it difficult to compare to the Diversified Financial industry average (8.6%).
Return on Equity
High ROE: MBIN.M's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/03 23:13
End of Day Share Price
2026/06/03 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Merchants Bancorp is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.