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Merchants Bancorp (MBIN) is a financial services company in the US central and western banking institutions industry, based in Carmel, United States, with about 735 full-time employees.
It reported revenue of $677.24 million for fiscal year 2025, up 1.5% from fiscal year 2024, and net income of $173.55 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $181.04 million, up 1.7% from a year before. Its largest business segment, Banking, brought in 43% of segment revenue in fiscal year 2025. Its market capitalization was $2.25 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking.
Merchants Bancorp reported $677.24 million in revenue for fiscal year 2025, up 1.5% from $666.97 million in fiscal year 2024. In Q2 2026 revenue was $181.04 million.
Banking, with $240.62 million or 43% of segment revenue in fiscal year 2025. Next: Multi-Family Mortgage Banking (31%) and Mortgage Warehousing (26%).
$2.25 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (US central and western banking institutions) include First Merchants Corporation (FRME), First Busey Corporation (BUSE), Banner Corporation (BANR), WaFd, Inc. (WAFD).