Merchants Bancorp

NASDAQ: MBIN · Financial Services · Banks - Regional

PublicHQ Carmel, IN · HamiltonCIK 0001629019Reports USD

#1 of 1,013 Financial Services companies by revenue

EA Score

——

FH 50DQ —GM —SS 67

v0.1 · 35/100 weight · pillars only

↑ market scale, workforce scale · ↓ Piotroski F, listing tenure

Methodology →

Revenue TTM

$1.4B

Rev growth YoY (TTM)

-2.4%

Net income (FY)

$218.8M

Employees

735

as of 2026-08-09

Market cap

$2.5B

as of 2026-08-09

Financials — latest annual

SEC EDGAR · USD-normalized

ConceptUSDNativeFY

Net income$218.8M$218.8M2025

Total assets$19.4B$19.4B2025

Liabilities$17.2B$17.2B2025

Equity$2.3B$2.3B2025

Revenue by segment

Filed disclosures · FY2017

By product

Mortgage Warehousing100%

By geography

Not disclosed.

The read

What is Merchants Bancorp’s financial profile?

Merchants Bancorp earned $218.8M in FY2025 net income.

Peers · Financial Services

Franklin International Core Dividend Tilt Index ETF——Federal Agricultural Mortgage——PennantPark Floating Rate Capital Ltd.——Abrdn Income Credit Strategies Fund——Columbia Financial, Inc.——Banner Corporation——

Neighbors

Hamilton →

CNO Financial Group, Inc.$4.5B67B OPENLANE, Inc.$1.9B64C MBX Biosciences, Inc. Common Stock——American Resources Corporation$051D First Internet Bancorp$11.5M31D NeurAxis, Inc.$3.6M45D

Key facts

CEOMichael F. Petrie

SectorFinancial Services

IndustryBanks - Regional

HeadquartersCarmel, IN

ExchangeNASDAQ: MBIN

Employees735

IPO date2017-10-27

Latest filings

8-K2026-05-21 10-Q2026-05-07 8-K2026-04-28 DEF 14A2026-04-10 10-K2026-02-27 8-K2026-02-19 8-K2026-01-28 8-K2025-11-19

Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.