Company profile
Merchants Financial Group, Inc.
OTC: MFGI · Financial Services · Banks - Regional
#296 of 1,012 Financial Services companies by revenue48th-percentile growth
EA Score
56CFH 52DQ —GM 61SS 69
v0.1 · 45/100 weight · provisional
↑ growth stability, workforce scale · ↓ balance-sheet leverage, disclosure history
Methodology →Revenue TTM
$166.7M
Rev growth YoY (TTM)
-2.0%
Net income (FY)
$32.4M
Employees
450
as of 2026-08-12
Market cap
$347.6M
as of 2026-08-12
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
Revenue$174.4M$174.4M2025
Net income$32.4M$32.4M2025
Operating income$41.1M$41.1M2025
Total assets$2.9B$2.9B2025
Liabilities$2.6B$2.6B2025
Equity$307.7M$307.7M2025
Revenue trend
FY2018 – FY2025 · USD
FY18
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Revenue by segment
No segmentation disclosed for this filer. n/a
The read
What is Merchants Financial Group, Inc.’s revenue?
Merchants Financial Group, Inc. booked $174.4M in FY2025 revenue, growing 7.4% year over year — about the middle of the pack among Financial Services companies we track, at a 18.6% net margin.
Peers · Financial Services
BankFirst Capital Corporation52DNASB Financial, Inc.58CColumbia Banking System, Inc.55CPrivate Bancorp of America, Inc.62CWest Coast Community Bancorp70BBetter Home & Finance Holding Company31DNeighbors
Winona →Key facts
CEOGregory Evans
SectorFinancial Services
IndustryBanks - Regional
HeadquartersWinona, MN
ExchangeOTC: MFGI
Employees450
IPO date2003-10-07
Latest filings
No filings loaded — no CIK (non-SEC filer).
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.