Merchants Bancorp (MBIN) Annual Income Statement

Annual · GAAP · USD millions
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Income statement data covering Merchants Bancorp–Dec 31 2021 offers a view into how Dec 31 2025's operating results have moved alongside business activity.
Annual Report, GAAP in USD millions
ITEM
(Dec 31 2025)
2025
(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Interest and Fee Income, Loans and Leases1,007.11
Interest Income, Securities, Operating, Held-to-maturity93.13
Other Income100.61
Total Interest Income1,200.85
Interest Expense, Deposits521.35
Interest Expense, Short-term Borrowing130.55
Interest Expense, Borrowings0.00
Total Interest Expense683.79
Net Interest Income517.06
Provision for loan losses117.75
Total Net Interest Income399.31
Fees and Commissions, Mortgage Banking and Servicing7.09
Other Non-interest Income25.93
Loss / Gain on Investment85.36
Other Non-Interest Income24.99
Total Non-interest Income164.39
Total Revenues563.69
Costs & Expenses
Salaries & employee benefits, SGA166.51
Other Operating Costs0.00
Communications, Occupancy and Information Technology10.68
Professional Fees12.86
Federal Deposit Insurance Corporation Premium Expense31.80
Other Noninterest Expense42.78
Other loss /-income35.27
Total Operating Expenses299.89
Total Costs & Expenses951.80
Income & Taxes
Income /-loss before income taxes263.80
Income taxes expenses/-benefit45.03
Income after income taxes177.71
Net income/-loss of other equity-41.06
Income /-loss after income taxes177.71
Net Income/-loss177.71
Preferred dividends-4.16
Income/-loss to shareholder173.55
Earnings Per Share
Basic EPS (excl. extra items)3.78
Basic Net EPS3.78
Basic shares outstanding (Mill. of Units)45.87
Diluted Net EPS3.78
Diluted average shares (Mill. of Units)45.94
Dividend per share0.40
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About Merchants Bancorp Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.