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Merchants Financial Group, Inc. (MFGI) is a financial services company in the US central and western banking institutions industry, based in Winona, United States.
It reported revenue of $122.95 million for fiscal year 2025, up 9.4% from fiscal year 2024, and net income of $32.38 million. In Q1 2026 (the quarter ended March 31, 2026) revenue was $32.09 million, up 10.7% from a year before. Its market capitalization was $366.41 million as of October 8, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 8, 2026.
Merchants Financial Group, Inc. operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individuals and companies in the United States.
Merchants Financial reported $122.95 million in revenue for fiscal year 2025, up 9.4% from $112.43 million in fiscal year 2024. In Q1 2026 revenue was $32.09 million.
$366.41 million as of October 8, 2026.
Listed companies of a similar size in the same industry (US central and western banking institutions) include Investar Holding Corporation (ISTR), PCB Bancorp (PCB), Mission Bancorp (MSBC), RBB Bancorp (RBB).